Reversing a position?

[John833]

Hello, I am trying to exit a long position and reverse the order if the price falls below a certain level.
So to exit the long position I have tried using
‘ExitLongStop’ with ‘Position.Quantity * 2’ which doesn’t work
I have also tried
‘ExitLongStop’ and ‘EnterShortStop’ the exit works but the entry doesn’t and in the log I get ‘AnEnter()method has been ignored etc’
So any ideas how this can be done?

(I have used a ShortLimit order which reverses the position, but for more control I ideally I want to have the order with my broker hence trying to use stop orders).

[NinjaTrader_Bertrand]

Hi John, with this approach you're running into the internal order handling rules per default - http://www.ninjatrader-support.com/H...verview36.html

For NT 7 you would also turn those off and work in the unmanaged order submission approach we've added -

http://www.ninjatrader.com/support/helpGuides/nt7/unmanaged_approach.htm

[John833]

Thanks Bertrand

So are you saying that v6.5 doesn't support what I'm trying to do, but v7 can by using unmanaged order methods?

[NinjaTrader_Bertrand]

Correct John833, as far as placing them with your original intended approach, a workaround for 6.5 is, cancelling the resting order, waiting for a confirmed orderstate change and then issuing the order to reverse the position.

[John833]

Is NT7 stable enough now for live trading?

Thanks

[NinjaTrader_VinceB]

Hi,

Although we have a lot of users using NT7 for Live trading without any issues, you need to keep in mind that this is still a Beta version and it is expected that issues can arrise. We advice people to trade Live on V6.5, however you can use V7 as well.