EnterShortLimit directly following EnterShort

[almez]

I have the following snippet of code

EnterShort(orderSize, "");
ExitShortLimit(orderSize,Close[0]-tickNum*tickMult, "", "");

I enabled TraceOrders, and I received output messages saying that I had not entered a position, therefore, ExitShortLimit is not doing anything.

The EnterShort task does not seem to be blocking, however, I would like to create a ExitShortLimit order right after a position is entered.

Is there a way to create an ExitShortLimit order immediately after a position is entered?
Also, is there a way for the strategy to know what the execution price is? The EnterShort task will enter a position at an unknown (market) price, but I would like to track this after execution.

Thanks!

[NinjaTrader_Joydeep]

Hello almez,
Welcome to the forum and I am happy to assist you.

You can use the below code to know the entry price

Position.AvgPrice

http://www.ninjatrader.com/support/helpGuides/nt7/onexecution.htm

You can enter the exit order in the OnExectuion event. A sample code will be like

protected override void OnExecution(IExecution execution)
{
	
	if (Position.MarketPosition == MarketPosition.Short)
	{
		//do something
	}
}

http://www.ninjatrader.com/support/helpGuides/nt7/onexecution.htm

[almez]

I will give the events a try. Thanks!

[almez]

I'm seeing a case where no orders are placed after execution. Here is a snippet of my code.

protected override void OnExecution(IExecution execution)
{
if(execution.Order.OrderState == OrderState.Filled)
{
if(Position.MarketPosition == MarketPosition.Long)
{
ExitShortLimit(orderSize,Close[0]-tickNum*tickMult, "", "");
Print("Going Short");
Print(Close[0]);
Print(Time[0]);
}
if(Position.MarketPosition == MarketPosition.Long)
{
ExitLongLimit(orderSize,Close[0]-tickNum*tickMult, "", "");
Print("Going Long");
Print(Close[0]);
Print(Time[0]);
}
}
}

In this case, even when I call EnterShort, or EnterLong, the code inside the OrderFilled braces never gets executed. I would like to have a limit order created everytime there is a EnterShort or EnterLong.

[marcow]

My guess is that the print statements inside the Position.MarketPosition conditions aren't executed because the market position isn't updated fast enough. So when your order is filled it takes a while before the strategy market position is updated.

I've experienced this behaviour numerous times if a strategy is in a long position, and then an ExitLong ( so 1 sell) and EnterShort (1 sell) command are given. Often this will result in an overfill because NT doesn't update the strategy position information fast enough.

what happens if the OrderState.filled condition looks like this ?

 
if(execution.Order.OrderState == OrderState.Filled)
{ 
Print( Position.MarketPosition )
}

[NinjaTrader_Joydeep]

Hello almez,
As marcow said, it may be the case that the Positions class has not being updated since they run on separate thread. Please use the Print statement and see if that is really the case or not.

I would also suggest reviewing this sample code which demonstrates how to place orders via the OnExection events.

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