if i am in a "long" position and a short signal is activated

[kaywai]

is it possible for exit the long and enter the short simultaneously?

Like

ExitLong();
EnterShort():


Or is there another way which I can achieve this?

[NinjaTrader_Bertrand]

Just do the EnterShort() then Kaywai, it would reverse automatically for you.

[kaywai]

i won't need to exitlong() ?

[NinjaTrader_Bertrand]

Correct, if you're long and call EnterShort() it would do the reverse.

[kaywai]

Thank you Bertrand!

[kaywai]

Stopped out and don't know why! Please help!

Hi Bertrand,

I've been trying to debug this issue I am now experiencing. From the attached chart (I've circled it and the relevant date is 3/7/2011 at 11pm), the code correctly closes the long position and initiates a short position. The problem is it gets stopped out immediately!

From the trace which I have attached, there is a short stop at 1.4055 and a long stop at 1.3956 but no stop loss at 1.4003!

Would you mind taking a look to see what happened?

Another question I have pertains to whipsaws where I am stopped out on the same bar. Is there any way I can avoid that?

Regards

Kay Wai

[NinjaTrader_Bertrand]

Hi Kay, are you resetting the stoploss then when you're flat to same default value?

[koganam]

... Another question I have pertains to whipsaws where I am stopped out on the same bar. Is there any way I can avoid that?

Regards

Kay Wai

Try looking at this that I wrote a while back.

http://www.ninjatrader.com/support/forum/showthread.php?t=23740&highlight=whipsaw

[kaywai]

Hi Bertrand,

Not sure what you mean...I don't know why the stop is being placed at the same price as the entry as the value of the stop is either 0 or a calculated value which for the short trade in question is at 1.4055. The long stop (1.3956) was resetted after the short entry and short stop was placed. They are all part of the same block of code.

Hi Koganam,

Thanks for that! Will probably have to sit down and study that code of yours closely.

Regards

Kay Wai

[NinjaTrader_Bertrand]

Kay, if you don't reset the stop to a default offset when flat, it could be still holding a prior value - please check into this sample here where the reset is done if you're in a flat strategy position :

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

[kaywai]

Thanks Bertrand. I will take a look at your suggestion. Kay Wai

[kaywai]

Hi Bertrand,

I just went thru the code SamplePriceModification you suggested.

In a scenario where for example you close a long position and enter a short position by just using EnterShort(); , how are you able to reset the stop loss if you set the stop loss at the point of entry?

Alternatively, if I am in a long position and I would like to enter a short position, would the code below as a block work better?

ExitLong();
LongStopLoss = 0;
SetStopLoss(CalculationMode.Price, LongStopLoss);
EnterShort();
ShortStopLoss = xxx;
SetStopLoss(CalculationMode.Price, ShortStopLoss);

Regards

Kay Wai

[NinjaTrader_Bertrand]

Hi Kay, the reset if flat is done with this snippet in the sample :

// Resets the stop loss to the original value when all positions are closed
if (Position.MarketPosition == MarketPosition.Flat)
{
SetStopLoss(CalculationMode.Ticks, stoplossticks);
}

[kaywai]

Hi Bertrand,

The reason why I ask this is because I use a price stoploss which is calculated just prior to the entry...I do not have a constant range from the entry price.

My double, LongStopLoss, defaults to zero should a position be exited but the problem now, it seems, there is no reset...which I guess would involve further investigation.

Regards
Kay Wai

[NinjaTrader_Bertrand]

Kay, we would recommend to do the reset as outlined in the sample.