Help with Order methods.

[ts_gordo]

I am developing a new strategy. With a particular set of conditions being met, the strategy will be short and I need to enter some form of order which will reverse my position (go long) if and when the price reaches a specified value that is above the current price.

Is there an order method which will do this in one step, or do I have to place an ExitShortStop() at the required price, keep track of this specific case and then EnterLong() if/when the stop fills? (I have to keep track of the case because there are other situations where the strategy will get stopped out and I will not want to go long)


All suggestions appreciated.

[NinjaTrader_JoshP]

All you have to do is call your EnterLong() method. It will automatically close your short position and reverse you into a long without you needing to explicitly exit your short first.

[ts_gordo]

Ok, that's great to know. But, I want the strategy to do this only if a specified higher price is reached.

So, in looking at the documentation, I think I need to code an:

EnterLongStop() W/ the stop price set to the desired entry price.

Is that correct?
(The descriptions of the Order Methods in the documentation is a bit terse for us rookies e.g. EnterLongStop(): Generates a buy stop order to enter a long position. :-)

[NinjaTrader_Ben]

Hello,

Or you can just monitor live prices and trigger EnterLong() when you are ready to place the order.

[ts_gordo]

Thanks to Josh and Ben,

I used the EnterLongStop() method which is working exactly as needed.

Thanks, again