Recommended way to reverse a position.

[dpicon]

Hi,

I have an strategy running multiple "substrategies". One one strategy opens an opposite position to the current position I would like to close the open position and then enter in the new direction.

i.e.- MarketPosition is long, and we get a short signal, so we close the long and then open a long.

I've tried doing:

 
if (Position.MarketPosition == MarketPosition.Long)
{
      Position.Close();
}
EnterShort(contratos, EntryName[StrategyOne]);

But although in replay and backtesting works OK in live tests sometimes I end up having positions unclosed.


What is the best way to accomplish this?

[NinjaTrader_Joydeep]

Hello dpicon,
Unfortunately, Position.Close is beyond what we could supported.

The standard EnterLong EnterShort should reverse your position.

Position.MarketPosition returns the overall strategy position. You can have better control if you assign the IOrder objects for each individual orders.

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

Also please make sure to use the TraceOrder code. It will let know which order is being submitted.

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