How to scale in to position?

[relogical]

Please show me how to use the wizard to simply add to a long position if my current unrealized pnl is in the red. So if MACD crossed above 0 I go long and if my current position is negative then wait for MACD to cross above 0 again and add to this position. Basically I want to average lower my current position price. Thank you

[NinjaTrader_AdamP]

relogical,

How many positions are you looking to add here maximum? The wizard is a bit limited in this regard.

[relogical]

I want to ad the default quantity.

[NinjaTrader_AdamP]

relogical,

Basically what I am asking is how many additional positions you want to add. In other words, how many positions will you have open at any 1 time running this strategy.

[relogical]

One long and one short. I just want to add more to my current open position if Unrealized PnL is negative X dollars.

[NinjaTrader_AdamP]

relogical,

Ok, so you can check PnL in your condition builder and compare to numeric value. The issue here is that the strategy wizard uses the "managed approach" so what can happen is it won't let you open another position with the same signal name, or even another position with a different signal name depending on your entry handling.

Here is more information on entry handling, I would suggest you read and try to understand because it can change how you implement this : http://www.ninjatrader.com/support/f...37&postcount=2

Please see the screen shot for info on how to setup one and only one additional order via unique entry signal. In this case we would want EntriesPerDirection = 1, and Entry Handling set to "UniqueEntries".

[relogical]

But comparing Realized PnL would look at the entire profit instead of the Unrealized PnL. My overall profit could be positive but not my current long position. I want to add to my current long position if the Unrealized PnL is negative.

[NinjaTrader_AdamP]

Relogical,

If you notice in the screen shot, there is a "Unrealized profit" as well you could change the left hand side to in the condition builder.

Please let me know if I may assist further.

[relogical]

If I use a negative number instead of a zero to add to my position if Unrealized PnL is negative $100 will it work? Example: Urealized PnL < -100

[NinjaTrader_AdamP]

relogical,

Yes, this will work. "Numeric value" can be negative or positive decimal numbers.

[relogical]

IT's not working for me. Please help me to resolve this. My code is below:

        /// <summary>
        /// Called on each bar update event (incoming tick)
        /// </summary>
        protected override void OnBarUpdate()
        {
            // Condition set 1
            if (Position.GetProfitLoss(Close[0], PerformanceUnit.Currency) < -30)
            {
                Variable0 = 0;
            }

            // Condition set 2
            if (Open[0] > Open[1])
            {
                EnterLong(PositionSize1, "");
                Variable0 = 1;
            }

            // Condition set 3
            if (Variable0 == 1
                && Variable0 == 0)
            {
                EnterLong(PositionSize2, "");
                Variable0 = 2;
            }

            // Condition set 4
            if (Variable0 == 2
                && Position.GetProfitLoss(Close[0], PerformanceUnit.Currency) > 2)
            {
                ExitLong("", "");
            }

            // Condition set 5
            if (Variable0 == 1
                && Position.GetProfitLoss(Close[0], PerformanceUnit.Currency) > 2)
            {
                ExitLong("", "");

[NinjaTrader_AdamP]

relogical,

What isn't working here? I.e. what behavior are you seeing?

[relogical]

If Unrealized PnL is below my set numeric value it does not add to my position.

[NinjaTrader_AdamP]

relogical,

Whats your "EntriesPerDirection" Setting when you run this?

[relogical]

If you mean position size it is 2. When I enter long I want to add 2 more to my position if PnL is less then -200. I'm not getting this to work.