Random Entry Strategy (coin toss)

[staycool3_a]

Hi.... I know this thread was about a random time based entry but this was the closest I could find to what I am trying to do.
Does anyone know a piece of code that that will allow my all my entries to continually alternate back and forth from LONG TO SHORT LONG TO SHORT LONG TO SHORT and so on and so on.
Basically even if there was present logic to make a LONG entry and our last entry was already a LONG entry , the algo would wait until there was the logic only to take the SHORT entry next.

If anyone knows a bit of code that would allow me to do this I would appreciate it.

Thanks

Quantismo

that wouldn't be random....

but here is what you can start off with. message me privatly if you have no idea how to amend this code for your liking...

			#region random numbers
			
						
			if (Bars.IsFirstBarOfSession)
			{
			next = randNum.Next(0,2);	
			time = randNum.Next(0,21);	
				Print(next);
			}
			#endregion

next variable will be used for long/short
time variable will be used to enter long/short at random times

			#region trade logic			

			if (Position.MarketPosition == MarketPosition.Flat&&next == 0&&Times[0][0].TimeOfDay == new TimeSpan(time, 0, 0) )
			{
			EnterLongLimit(1,true,Convert.ToInt32(fxToBuy), GetCurrentBid(0), "Target1");		
			}
			
            else if(Position.MarketPosition == MarketPosition.Flat&&next == 1 &&Times[0][0].TimeOfDay == new TimeSpan(time, 0, 0) )
	        {
			EnterShortLimit(1,true,Convert.ToInt32(fxToBuy), GetCurrentAsk(0), "Target1S");
	        }			
				
			#endregion

you'll have to change the above market position.flat to long/short to go from one to another etc..think about it

[koganam]

Hi.... I know this thread was about a random time based entry but this was the closest I could find to what I am trying to do.
Does anyone know a piece of code that that will allow my all my entries to continually alternate back and forth from LONG TO SHORT LONG TO SHORT LONG TO SHORT and so on and so on.
Basically even if there was present logic to make a LONG entry and our last entry was already a LONG entry , the algo would wait until there was the logic only to take the SHORT entry next.

If anyone knows a bit of code that would allow me to do this I would appreciate it.

Thanks

Quantismo

			#region entry gates
			bool LongEntryValid = false;
			bool ShortEntryValid = false;
			bool LongEntryAllowed = true;
			bool ShortEntryAllowed = true;
			#endregion

			//in OnBarUpdate()
			if ( /*Long entry conditions met*/ ) LongEntryValid = true;
			else LongEntryValid = false;
			if ( /*Short entry conditions met*/ ) ShortEntryValid = true;
			else ShortEntryValid = false;

			if (LongEntryValid && LongEntryAllowed) {
			 //Condition the gates
			 LongEntryAllowed = false; //cannot make another long entry
			 ShortEntryAllowed = true; //can make short entry

			 //make entry
			 EnterLong( /*parameters*/ );
			} else if (ShortEntryValid && ShortEntryAllowed) {
			 //Condition the gates
			 LongEntryAllowed = true; //can make long entry
			 ShortEntryAllowed = false; //cannot make another short entry

			 //make entry
			 EnterShort( /*parameters*/ );
			}

[NinjaTrader_ChrisL]

Hello quantismo,

Thank you for the post.

Calling EnterLong and EnterShort, alternating between the two will automatically close your position and enter in the other direction. The SampleMACrossover strategy demonstrates that functionality. koganam gives a good example of using booleans to control the flow of logic.

Please let me know if I can assist further.