Multiple Exits

[sauer11155]

I know this has been covered before. I have one version of my system which at a short entry condition will execute 2 different named entries, and these entries are handled separately with their own exit criteria which is great.

But, I want to have the strategy stop entering when the 2nd position is still on. What happens is when my primary condition is first met, there are two position entries. 1 position exits very quickly, and the other has a wide trailing stop. What I would like is to program some way to NOT re-enter the 2nd position while the first is still on. I would like to do this within the strategy instead of using the max entries in trade direction field when running the strategy.


I know other ways to handle this such as setting number of entries in one direction etc. Can I use "user values" to indicate whether a position is still on or not? I would like to do this because I can then get fancy about having the closed position perhaps reenter after all. For instance, I could change that user value with some condition and let the first position reenter after all.

I hope I am clear. I really just want to learn some different ways of coding these multiple entries and exits.

Thanks! Hard to believe I only downloaded this program about 2 and a half weeks ago.

[NinjaTrader_JoshP]

Hi sauer11155,

Your idea on using a variable is a way to proceed. Another way would to just check Position.MarketPosition. In your trade conditions just add:

if (Position.MarketPosition == MarketPosition.Flat)
     // then trade

[sauer11155]

Thanks Josh. I had tried using some way to find out if the current open P/L is profitable or not as one way to determine whether or not to do any additional trades, but it seems this is real time and not a backtestable indication?

I didn't know about the market position condition, are all of these in the help file? Which I should read....

[NinjaTrader_JoshP]

Checking PnL is backtestable. Please see this reference sample demonstrating some PnL checks: http://www.ninjatrader-support.com/v...ead.php?t=4084

In regards to MarketPosition. It is available in the Help Guide along with all the available properties and methods exposed in NinjaTrader. Please see here: http://www.ninjatrader-support.com/H...tPosition.html