MarketPosition.Flat

[ark321]

I'm testing a strategy. I believe I need to add this statement in OnBarUpdate(), My understanding is that this statement makes sure there are no open positions exist before proceeding with a new position.
(Position.MarketPosition != MarketPosition.Flat) return;

However, when I back test the strategy with this statements the results seem unfavorable compared to the one without this statement (fewer trades and less profit). Also, when I build the strategy using StrategyBuilder I do not see this statement added in the code.

Appreciate if someone clarifies it.

[NinjaTrader_ChrisL]

Hi ark, thanks for posting.

Position represents the strategy position, so this line will return from OnBarUpdate if a position exists (Position.MarketPosition != MarketPosition.Flat) return; You will need to use the Print statement to see what the strategy is doing with/without this statement. It really depends on how you are using this in the strategy.

Kind regards,
-ChrisL