Order enters and exits on same bar

[shadowfax]

I am doing some testing using a strategy and running into the following situation. Assume there's a breakout bar that forms and the strategy goes long on high+1 tick. If the stop order is not triggered in the next bar and since NT cancels the order if not filled in the strategy, I reenter the stop order long. The logic works very well with the intended consequences except for the following. I cannot track if the strategy enters and exits an order on the same bar, hence if that happens, my code does not know, and re-enters the long stop order of the initial breakout.

Is there a way I can prevent this from happening? I know how to do it for real-time where I set the Calculate On Bar Close to False, and hence monitor each tick, but this defeats the purpose of backtesting accurately the results.

Any help would be appreciated.

Thanks.

[NinjaTrader_RyanM1]

Hi Shadowfax,

You could add a condition to your entries that checks the number of bars since exit. A convenient feature of this method is that it returns a value of -1 before the first exit, so could use something like this:

if (myEntryConditions && (BarsSinceExit() == -1 || BarsSinceExit() > 0))
{
//EnterHere
}

[shadowfax]

Thanks for the quick response Ryan. Is there a way to execute some code as soon as a price hits the buy stop order, or as soon as the order is executed/filled without having to dive too deep into event-handling, etc.?

Thanks.

[NinjaTrader_RyanM1]

There's unfortunately no way to do this without working with the advanced event handlers: OnExecution for order fills. This sample can get you started on monitoring for filled order states for a given order and taking action.

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

[shadowfax]

Thanks. That did it...