IOrder and Signal Names

[nicbizz]

If I two different EnterLong orders that is assigned to two different IOrder, BUT share the same signal name, is it considered 1 order?

For example:

private IOrder longEntry1;
private IOrder longEntry2;

if (Close[0] > Open[0])
{
longEntry1 = EnterLong("SignalName");
longEntry2 = EnterLong("SignalName");
}

Thanks.

[NinjaTrader_PatrickH]

Hello nicbizz,

Thank you for your post.

The first order will be accepted, however the second order will be ignored.

Using 'EntriesPerDirection = 2;' and 'EntryHandling = EntryHandling.AllEntries;' you will be able to have two separate orders process with the same signalName.

For information on EntriesPerDirection please visit the following link: http://www.ninjatrader.com/support/h...rdirection.htm

For information on EntryHandling please visit the following link: http://www.ninjatrader.com/support/h...ryhandling.htm

Please let me know if I may be of further assistance.

[nicbizz]

Hello Patrick,

Thanks for the prompt reply!

A somewhat related question(s):

1) If I set EntriesPerDirection = 2, and both Long orders have the same signal name("Signal Name"), will ExitLong("SignalName") exit from both orders?

2) If I code ExitLong() instead , without a fromSignalName, what happens?

3) If I coded ExitLong(1,"exitSignal","SignalName") - note, only 1 lot was sold - how would I know which IOrder long was exited?

Thanks!

-Nick

[NinjaTrader_PatrickH]

Hello Nick,

Thank you for your response.

Using either ExitLong("signalName") or ExitLong() will result in both orders closing as they have the same signalName.

With your third inquiry you would not know unless you gave them separate signalNames.
Scaling out is only possible if first scaling in with different signalNames.

For a reference sample on Scaling out of a position please visit the following link: http://www.ninjatrader.com/support/f...ead.php?t=3751

Please let me know if I may be of further assistance.

[nicbizz]

Thanks for the tip, Patrick!

[nicbizz]

Heya Patrick,

Hope you can help with another Q, this time wit OnExecution().

I would like it so that when both IOrders 'longEntry1' and 'longEntry2' are filled, to execute the following line of code:

tradingSwitch = false;

I know the logic should be run under OnExecution(), but how do I code to check if both IOrders are filled?

Thanks!

-Nick

[nicbizz]

Stab in the dark, would the following code work under OnExecution()?

if (longEntry1.OrderState == OrderState.Filled && longEntry2.OrderState == OrderState.Filled)
      tradingSwitch = false;

[nicbizz]

And yet another related Q:

Is it better to set

longEntry1 = null;

under OnExecution ---> execution.order.OrderState == Filled

or OnOrderUpdate ---> order.OrderState == Filled ?

In the Help Guide, we were advised to drive logic using OnExecution, yet the example given in OnOrderUpdate sets IOrders = null.

[NinjaTrader_RyanM1]

Hello nicbizz,

For driving logic on order fills you want to use OnExecution() handler. The approach to this is shown here in this sample:

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

It's raised independently for each order fill, so you would need to track with custom code when two separate orders are filled, like maybe a separate bool flag that is raised with each order fill.

Setting IOrders to null is best practice once you are done with the order object. This could be done in either place and it depends where you are working with the object exactly. OnExecution is dedicated to fills, and OnOrderUpdate() is any order state change. If you work with the object in OnExecution and you no longer need it, reset to null there. Otherwise if you work with the object in OnOrderUpdate and no longer need it, then reset to null there.