Adding To Position

[teak2]

I would like to know how to program a strategy that adds to a position every X pips as long as the entry conditions are still valid and then moves the stoploss up by the same amount each time a new position is added.

Example:

if(MA1 crosses MA2)
if(MA1 > MA2)
EnterLong(100000);

Then I would like to add another position at that 1st long entry plus 20 pips and move the trade1 stop up to breakeven. So now I am long 2 lots and have one stop at an initial value and another stop at breakeven. This can continue until the positions are either stopped out or the max number of positions has been reached.

This is asking a lot so any direction on where to start will be greatly appreciated. I am familiar with basic NinjaScript and have already written what I consider basic strategies.

Cheers!

[NinjaTrader_RyanM1]

Hello teak2,

Thanks for the post and welcome to the NinjaTrader forums.
For scaling in, you will want to take a look at EntryHandling and EntriesPerDirection properties. These, along with the entry signal names, will determine whether additional entries are submitted.

For dynamically moving stop loss orders, you can follow this reference sample:

http://www.ninjatrader.com/support/forum/showthread.php?t=3222

[teak2]

OK I will try this again.

I want to buy if MA2 > MA1 every 20 pips as long as MA2 remains above MA1 and they are not stopped out by a trailing stop. I also want it not to take on a new position if the positions are stopped out.

How do I set this every 20 pips entry orders in. I know at the first cross I could add a number of buy stops spaced every 20 pips but there is no way to know how many orders to have working.

What is the best way to tackle this?

Cheers!

[NinjaTrader_RyanM1]

We unfortunately could not custom code this for you, but you may consider explaining your strategy requirements to a NinjaScript consultant:

http://www.ninjatrader.com/partners#NinjaScript-Consultants

[teak2]

I am not looking for anyone to do it for me just a little more direction than "look at EntryHandling and EntriesPerDirection properties." I did not think this was so complex but maybe I am wrong.

[NinjaTrader_RyanM1]

We unfortunately can't provide custom coding services and it sounds like you have the basics of your idea down.

You place stop orders at various price levels. The number of orders is determined based on those properties and the signal names. If you are unsure how to code this and have limited time or programming experience, then a NinjaScript consultant is the best way to see your ideas realized into code.

[teak2]

First off, thank you for your help I do appreciate it!

In using multiple entries and exits with IOrder orders would I use the following code for each order?

protected override void OnOrderUpdate(IOrder order)
{
     if (entryOrder != null && entryOrder == order)
     {
          Print(order.ToString());
          if (order.OrderState == OrderState.Filled)
               entryOrder = null;
     }
}

so it would look like:

protected override void OnOrderUpdate(IOrder order)
{
     if (entryOrder1 != null && entryOrder1 == order)
     {
          Print(order.ToString());
          if (order.OrderState == OrderState.Filled)
               entryOrder1 = null;
     }

 if (entryOrder2 != null && entryOrder2 == order)
      {
           Print(order.ToString());
           if (order.OrderState == OrderState.Filled)
                entryOrder2 = null;
      }
}

and so on for the number of entry orders I have?

Cheers!

[NinjaTrader_RyanM1]

Yes, will need to follow best practices for all IOrders and you have most of this there.

Before assigning (submitting the order), check for a null value. When the order is filled or cancelled, reset back to null.

[teak2]

Thank you. Where do I find the

best practices for all IOrders

[NinjaTrader_RyanM1]

In the reference samples and help guide examples. See below for two of these.

http://www.ninjatrader.com/support/forum/showthread.php?t=7499

http://www.ninjatrader.com/support/forum/showthread.php?t=18890

This is the IOrders section of our help guide:

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

[teak2]

How can I access the values of the variable LongSet and LongPrice in the second condition to resubmit the same orders at the same prices?

    
 if (CrossAbove(SMA(20), SMA(50), 1))
            {
                EnterLong(50000, "LE1");
                EnterLongStop(50000, GetCurrentAsk()+100 * TickSize, "LE2");
                EnterLongStop(50000, GetCurrentAsk()+200 * TickSize, "LE3");
                LongSet = true;
                double LongPrice = GetCurrentAsk();
            }

if (LongSet = true && SMA(20)[0] > SMA(50)[0])
            {
                EnterLongStop(50000, LongPrice + 100 * TickSize, "LE2");
                EnterLongStop(50000, LongPrice + 200 * TickSize, "LE3");
            }

if (SMA(20)[0] <= SMA(50)[0])
{ LongSet = false }

I decided this approach would be fine to start with then if needed I can get into the more complicated IOrders coding.

Cheers

[NinjaTrader_RyanM1]

It looks like you are accessing these values in the snippet you posted. You're using LongSet in the second condition and then LongPrice for the orders you're submitting.

[teak2]

Thank you Ryan. I am still receiving this error:

"The name 'LongPrice' does not exist in the current content"

Any idea on how to fix this?

Cheers

[NinjaTrader_Matthew]

teak2,

Did you declare the private bool LongSet = false; in the variables section of your code first?

If you comment out the double LongPrice = GetCurrentAsk(); line, can you compile the error, or do you receive other compile errors?

[teak2]

1) In the variable declaration section I have this:

private bool longSet = false;

2) I do not get the error for LongPrice when I declare it in this section:

if (CrossAbove(SMA(20), SMA(50), 1) && !LongSet)
            {
                EnterLong(50000, "LE1");
                EnterLongStop(50000, GetCurrentAsk()+100 * TickSize, "LE2");
                EnterLongStop(50000, GetCurrentAsk()+200 * TickSize, "LE3");
                LongSet = true;
                double LongPrice = GetCurrentAsk();
            }

but when I try to call it on the next section to resubmit the orders assuming LongSet = true.

Am I missing something?

Cheers!