Trading System Order Entry Issue

[kingerie705]

My system uses stops to enter and exit the market.

It is a momentum based system and depending on which direction the market goes, I need to have the ability to place both an Entry Stop to Buy, and an Entry Stop to Sell in any given market.

I need my system to be fully automated. Is there a way to do this other than having it print my orders for the following day, exporting them to a spreadsheet and then submitting them?

Please advice. Thanks!

[NinjaTrader_AdamP]

kingerie,

I presume you are trying to trade a breakout? If not, please feel free to correct me.

We have a reference sample for this : http://www.ninjatrader.com/support/f...ead.php?t=3223

I would suggest watching our Automated Strategy Development Level I webinar.

Here is our schedule : http://www.ninjatrader.com/webinars

Here is a recorded version : http://www.youtube.com/watch?v=fVFqw5W8uGI

If you have limited time or programming abilities, I would suggest using a NinjaScript consultant.

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

Please let me know if I may assist further.

[kingerie705]

That is correct. I am trying to trade a breakout. I have a programmer that I'm already working with and have worked with for over 10 years. We are just new to ninjatrader.

I am working with him again tomorrow and I'll show him the reference sample above. Thanks!

[NinjaTrader_AdamP]

kingerie,

Thanks for your note.

Since you are working with a programmer, we have many more reference samples at the following link.

http://www.ninjatrader.com/support/forum/forumdisplay.php?f=30

Our help guide also has our programming API.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html

NinjaTrader uses NinjaScript, which is based on C#. Any books on C# would help to learn the language.

Please let me know if I may assist further.

[kingerie705]

The problem is that I don't seem to be able to add *both* of these at the same time:

this.EnterLongStop(0, false, 1, stopPriceLE, "LE");
this.EnterShortStop(0, false, 1, stopPriceSE, "SE");

We are trying to write a system that will handle a breakout in either direction and will subsequently set up the appropriate exits based on Position.MarketPosition and wether it's Long or Short.

If I do either of the above statements it works... but if I do them both (so that there are effectively two orders in the market)... then I get the error: "An Enter() method to submit an entry order... has been ignored".

We are working with Daily data so we are basically entering these orders overnight.

A nice addition would be an OCO on these two entry orders... not sure if that is possible either.

- Brian (the programmer)

[NinjaTrader_AdamP]

Brian,

Its possible to submit multiple orders for a breakout strategy with OCO, but the unmanaged approach would need to be used here.

The managed approach, which you are currently using, has some order management rules used to help eliminated unwanted positions, etc.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?managed_approach.htm

Our breakout sample I provided should help here, however alternatively you can use the unmanaged approach.

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

If you look here : http://www.ninjatrader.com/support/h...ubmitorder.htm

This has a OCO id field you can use.

[kingerie705]

Ok... but just to confirm... what are the rules regarding *managed* entry orders:

1) Can you have both long and short entries?
2) If you can, can you tie these two entries together as OCO's.

If I have to go to unmanaged orders... do I lose all the nice charting where lines are drawn between the entry and exits?

Thanks!

- Brian

Note: The example you gave me a link to only handled breakouts in the long direction, not in both directions.

[NinjaTrader_AdamP]

Brian,

The unmanaged approach would be needed for OCO.

Orders will still plot to the chart.

The rules for the managed approach are :


The following rules are true per unique signal name:


Methods that generate orders to enter a position will be ignored if:
• A position is open and an order submitted by an exit method (ExitLongLimit() for example) is active and the order is used to open a position in the opposite direction
• A position is open and an order submitted by a set method (SetStopLoss() for example) is active and the order is used to open a position in the opposite direction
• The strategy position is flat and an order submitted by an enter method (EnterLongLimit() for example) is active and the order is used to open a position in the opposite direction
• The entry signal name is not unique

Methods that generate orders to exit a position will be ignored if:
• A position is open and an order submitted by an enter method (EnterLongLimit() for example) is active and the order is used to open a position in the opposite direction
• A position is open and an order submitted by a set method (SetStopLoss() for example) is active

Set() methods that generate orders to exit a position will be ignored if:
• A position is open and an order submitted by an enter method (EnterLongLimit() for example) is active and the order is used to open a position in the opposite direction
• A position is open and an order submitted by an exit method (ExitLongLimit() for example) is active

Please let me know if I may assist further.