Flattening Positions

[BigDog008]

Say i have some profit or loss threshold value that is hit, and the moment its hit I want to flatten all my existing positions...

how would I go about doing that? i've tried submitting stop orders to exit positions, but it doesn't flatten my positions instantly, rather it allows the trade to play out...

[NinjaTrader_JoshP]

If you want to close out immediately you should use market orders. Stop orders will wait for your stop price to be reached.

[BigDog008]

If you want to close out immediately you should use market orders. Stop orders will wait for your stop price to be reached.

so simple ExitLong or ExitShort should do the trick right?

[NinjaTrader_JoshP]

That is correct.

[BigDog008]

thanks Josh!

helpful as always

[jonmoron]

Josh,

This would not include working orders, correct? If not, then how would I exit working long/short orders? Would working orders get cancelled?

That is correct.

[NinjaTrader_Bertrand]

jonmoron, there's unfortunately no programmatic flatten all command, you could use IOrder objects and then CancelOrder those as needed -

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

[jonmoron]

Bertrand,

I intend to use ExitLong and ExitShort for all positions. However, if I need to manually CancelOrder on all IOrder objects, is there at least a collection of IOrders that I can traverse through to cancel? Or, is this something that I need to create, add-to, and maintain?

thanks

jonmoron, there's unfortunately no programmatic flatten all command, you could use IOrder objects and then CancelOrder those as needed -

http://www.ninjatrader-support.com/H...ncelOrder.html

[NinjaTrader_JoshP]

jonmoron,

Correct, you would have to keep your own collection.