System won't do another trade when target/stop in place

[lawyse]

My strategy enters via EnterLongLimit or EnterShortLimit. The exit strategy is put in place on MarketPosition.Long with ExitLongLimit/ExitLongStop or MarketPosition.Short with ExitShortLimit/ExitShortStop.

Here is the problem. For example, if the system is short and a target or stop has not been hit, and the system becomes buy ready, the buy limit order to reverse does not work! However, it does reverse, if in the code I remove all targets and stops totally. So, it seems like, when targets or stops are in, it won't make another trade until they are met. Any ideas of why that would be? Also, I am using fromEntrySignal and fromSignalName to tie the longs and short together.

Thanks!

[lawyse]

From Page 440 in the manual:

Methods that generate orders (excluding market orders) to

enter a position will be ignored if:



A position is open and an order submitted by an exit method (ExitLongLimit() for example)
is active and the order is used to open a position in the opposite direction



A position is open and an order submitted by a set method (SetStopLoss() for example) is
active and the order is used to open a position in the opposite direction



The strategy position is flat and an order submitted by an enter method (EnterLongLimit()

for example) is active and the order is used to open a position in the opposite direction

So, how CAN I do this? There has to be a way!

My strategy enters via EnterLongLimit or EnterShortLimit. The exit strategy is put in place on MarketPosition.Long with ExitLongLimit/ExitLongStop or MarketPosition.Short with ExitShortLimit/ExitShortStop.

Here is the problem. For example, if the system is short and a target or stop has not been hit, and the system becomes buy ready, the buy limit order to reverse does not work! However, it does reverse, if in the code I remove all targets and stops totally. So, it seems like, when targets or stops are in, it won't make another trade until they are met. Any ideas of why that would be? Also, I am using fromEntrySignal and fromSignalName to tie the longs and short together.

Thanks!

[NinjaTrader_Bertrand]

Hi lawyse,

Have you tried incorporating CancelOrder() into your strategy?

http://www.ninjatrader-support.com/HelpGuideV6/CancelOrder.html

[lawyse]

// IF WE ARE FLAT, GET READY TO BUY OR SELL //

if (Position.MarketPosition == MarketPosition.Flat)
{
if (buyready == true)
{
EnterLongLimit(quantity,(EMA(TriggerEMA)[0] + entryAdjust));
}

if (sellready == true)
{
EnterShortLimit(quantity,(EMA(TriggerEMA)[0] - entryAdjust));
}
}

// IF WE ARE LONG, SET STOP AND TARGET OR ENTRY TO REVERSE SHORT //

if (Position.MarketPosition == MarketPosition.Long)
{
ExitLongStop(quantity, Position.AvgPrice - stop); //always have a stop in
if (sellready == true) //get ready to reverse
{
// EnterShortLimit(quantity,(EMA(TriggerEMA)[0] - entryAdjust), "EDGE Short");
// ExitLongLimit(quantity, (EMA(TriggerEMA)[0] - entryAdjust));
// ExitLongLimit(quantity, (EMA(TriggerEMA)[0] - entryAdjust));
ExitLongLimit(quantity*2, (EMA(TriggerEMA)[0] - entryAdjust));

}
if (sellready == false) //use target
{
ExitLongLimit(quantity, Position.AvgPrice + target);
}
}

// IF WE ARE SHORT, SET STOP AND TARGET OR ENTRY TO REVERSE LONG //

if (Position.MarketPosition == MarketPosition.Short)
{

ExitShortStop(quantity, Position.AvgPrice + stop); //always have a stop in
if(buyready == true) //get ready to reverse
{
// EnterLongLimit(quantity,(EMA(TriggerEMA)[0] + entryAdjust), "EDGE Long");
// ExitShortLimit(quantity, (EMA(TriggerEMA)[0] + entryAdjust));
// ExitShortLimit(quantity, (EMA(TriggerEMA)[0] + entryAdjust));
ExitShortLimit(quantity*2, (EMA(TriggerEMA)[0] + entryAdjust));
}
if(buyready == false) //use target
{
ExitShortLimit(quantity, Position.AvgPrice - target);
}
}

[lawyse]

This code works in Market Replay... for example, when it reverses from short to long, it will buy double the contracts (to exit the contracts from the short and get long)

BUT

When backtesting, it does not reverse totally, it only buys the contacts to close out the short.

WHY? Thanks!

[NinjaTrader_Bertrand]

Hi lawyse, we would appreciate if you could use the

i am code

markers to post NinjaScript code in the future, much easier to follow!

Please Print() statements in your code to debug the trading logic leading to your signals, you can also attach a strategy export here and I will take a look later.

See also this Tip on debugging - http://www.ninjatrader-support2.com/...ead.php?t=3418