One Trade Per Direction Problem

[123r34]

I am using the Strategy Wizard and having the following problem. Part of a strategy I am working on buys long when a Fast SMA(35) agrees with a very slow SMA(200). It does not need to cross first. I am getting multiple entries in the same direction(One after the other) even though I have the order entry in the Optimizer set to 1 entry per direction. This happens when the market is trending for awhile and my first profit target is hit. It then enters again in the same direction on the next bar.

Anyone with any ideas?

Thanks

Mark

[NinjaTrader_JoshP]

Mark,

It sounds like you have a strategy that tries to scale-out from a single entry order. To scale-out you need to scale-in first.

[123r34]

Josh, I am not sure what you mean by scaling in. I think you are talking about entering with more than 1 contract. I am entering with only one contract. After the profit target is hit and I am flat it will enter again on the next candle if the trend has not changed.

[NinjaTrader_JoshP]

123r34,

Got it. So what exactly are you seeing then? Can you please provide a series of events as they happen chronologically? Thank you.

[123r34]

I wasn't sure how to insert a Ninja screen capture so I tried the attachment clip on this screen. If it doesn't come through please let me know how to attach or insert a screen capture in this box.

[123r34]

The screen capture in the response below shows an initial entry when the fast MA is increasing with the slow MA. It is profitable and closes when it hits the profit target. The problem is that it re enters again. I have the optimizer set to 1 entry per direction which is what I want. Any idea why it re enters?

[NinjaTrader_JoshP]

123r34,

From your screen shot it would appear that your same entry conditions are still true as you exited. This is why it reentered. You would need to make more stringent entry rules.

[eDanny]

The one entry per direction setting means only one entry at a time. Once that trade exited, another can occur. You will need to code a bool function to keep track of your trades in the strategy but since I don't use the builder, I don't know if you can without hand coding it.

[123r34]

Thank you eDanny and NinjaTrader Josh. I haven't found anything in Strategy Wizard to limit the second entry. Maybe that is something that could be added to it on the next release. Have a great day.

[NinjaTrader_JoshP]

123r34,

You need to first come up with what you want to limit it with. On pen and paper, what would be the objective rule that prevents you from entering a second time?

[BradB]

I'm a little confused on the entry handling issue. If you specify "Entries per Direction = 1;" and EntryHandling = EntryHandling.AllEntries;", then why do you need strategy logic to prevent a second entry from taking place while the first entry is still active?

[NinjaTrader_JoshP]

You don't. You need to step through your code and trace it step by step to truly understand what position our strategy has at any point in time to determine if EntriesPerDirection will prevent any order placement.

[m3power222]

Having a similar issue as well. I understand the Entries per direction 1 means it only takes 1 trade at a time but if my condition for entry is met again after a target/stop then it will enter again.

Assuming my entry condition is met for buy and sell what would be the best way to have it take only 1 buy and 1 sell order a day? Then the next day it's reset so it can take only 1 buy and 1 sell order again.

[NinjaTrader_Bertrand]

You can work with boolean flagsfor this, then reset it on a new day to allow trade taking again.

[m3power222]

You can work with boolean flagsfor this, then reset it on a new day to allow trade taking again.

Do you have a example? I do not know now to code... What I've done is use the strategy builder.