SamplePriceModification

[snakepatob]

Hello, how do I add short position in the strategy attached, thank you.
Mark.

[NinjaTrader_PatrickH]

Hello snakepatob,

Thank you for your post.

In general, a short position can be added with the reverse conditions as the long. In this strategy there would need to be a few changes. Below is and example of using the reverse of what is used for the long and considering the position before taking a new position.

			// Resets the stop loss to the original value when all positions are closed
			if (Position.MarketPosition == MarketPosition.Flat)
			{
				SetStopLoss(CalculationMode.Ticks, stoplossticks);

				// Entry Condition: Increasing price along with RSI oversold condition
				if (Close[0] > Close[1] && RSI(14, 3)[0] <= 30)
				{
					EnterLong();
				}
				
				// Opposite of long condition
				if (Close[0] < Close[1] && RSI(14, 3)[0] >= 30)
				{
					EnterShort();
				}
			
			}
			
			

			// If a short or long position is open, allow for stop loss modification to breakeven
			else if (Position.MarketPosition == MarketPosition.Long)
			{
				// Once the price is greater than entry price+50 ticks, set stop loss to breakeven
				if (Close[0] > Position.AvgPrice + 50 * TickSize)
				{
					SetStopLoss(CalculationMode.Price, Position.AvgPrice);
				}
			}
			else if (Position.MarketPosition == MarketPosition.Short)
			{
				// Once the price is greater than entry price-50 ticks, set stop loss to breakeven
				if (Close[0] < Position.AvgPrice - 50 * TickSize)
				{
					SetStopLoss(CalculationMode.Price, Position.AvgPrice);
				}
			}

[snakepatob]

Patrik,
thanks for listening, I could include the code and compile.
Without your help I would not have succeeded.
Mark.