I get alot of orders

[Maciek]

I want to do something like "IF price hits this point, buy, or if it hits this point, sell". And do not buy or sell again if there is an open position.

I have this code

if(importantPoints[0] != 0 && Position.MarketPosition == MarketPosition.Flat)
                            {
                                if(closestPoint[1] == 6 || closestPoint[1] == 7)
                                    {
                                        if(priceType == importantPoints[3])
                                            {
                                                EnterLong(1, "Long");
                                                SetProfitTarget("Long", CalculationMode.Price, importantPoints[7]);
                                                SetStopLoss(CalculationMode.Price, importantPoints[4]);
                                            }
                                            
                                        if(priceType == importantPoints[2])
                                            {
                                                EnterShort(1, "Short");
                                                SetProfitTarget("Short", CalculationMode.Price, importantPoints[7]);
                                                SetStopLoss(CalculationMode.Price, importantPoints[5]);
                                            }
                                    }
                            }

I get like hundreds of orders when the above is true. Not 1 order, but hundreds in the same location. Why is this happening?

[sledge]

What is your strategies "EntriesPerDirection" set to? 1 should limit to 1.

I haven't tried "0", but that might disable it, hence your misfortune.

I'm not sure if EntriesPerDirection of 1 would limit a long and short at the same time.. haven't gone down that road.

Anyways, is this upon strategy startup? Do you have a Historical check in there?

If (Historical) return;

?

There is some caveat about historical on indicators or strategies, and I'm not recalling which at the moment, so that too, might not be your problem.

If you could post some code in full, that we could run, ***PLEASE CHANGE what you need to keep "secret" *** , but make sure it produces the same result of "hundreds of orders".. so we could test and debug.

**Kogonam probably will know before I have a chance to debug.

I want to do something like "IF price hits this point, buy, or if it hits this point, sell". And do not buy or sell again if there is an open position.

I have this code

if(importantPoints[0] != 0 && Position.MarketPosition == MarketPosition.Flat)
                            {
                                if(closestPoint[1] == 6 || closestPoint[1] == 7)
                                    {
                                        if(priceType == importantPoints[3])
                                            {
                                                EnterLong(1, "Long");
                                                SetProfitTarget("Long", CalculationMode.Price, importantPoints[7]);
                                                SetStopLoss(CalculationMode.Price, importantPoints[4]);
                                            }
                                            
                                        if(priceType == importantPoints[2])
                                            {
                                                EnterShort(1, "Short");
                                                SetProfitTarget("Short", CalculationMode.Price, importantPoints[7]);
                                                SetStopLoss(CalculationMode.Price, importantPoints[5]);
                                            }
                                    }
                            }

I get like hundreds of orders when the above is true. Not 1 order, but hundreds in the same location. Why is this happening?

[Maciek]

I use Add(PeriodType.Tick, 1); as my prices to be as accurate as possible. I did what you suggested, and I still get thousands of orders when there should be 1.

All I need is really simple. IF THERE IS AN EXISTING POSITION, DON'T TRADE ANYMORE.

I want my code to do something like this:

IF EXISTING POSITION, DON'T TRADE

ELSE TRADE

IF PRICE HITS POINT, BUY/SELL

ENTER PROFIT TARGET, ENTER STOP

Thats all. I thought I achieved that, but it buys and sells thousands for each individual tick.

[sledge]

Are you using managed or unmanaged approach?

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

I use only managed....

I use Add(PeriodType.Tick, 1); as my prices to be as accurate as possible. I did what you suggested, and I still get thousands of orders when there should be 1.

All I need is really simple. IF THERE IS AN EXISTING POSITION, DON'T TRADE ANYMORE.

I want my code to do something like this:

IF EXISTING POSITION, DON'T TRADE

ELSE TRADE

IF PRICE HITS POINT, BUY/SELL

ENTER PROFIT TARGET, ENTER STOP

Thats all. I thought I achieved that, but it buys and sells thousands for each individual tick.

[Maciek]

So, I read all that, and I tried a lot of different things. Nothing seems to be working. There should be about 3 trades, but instead it does 50000 trades.

I think it has to do with me using these:

Add(PeriodType.Minute, 1);
Add(PeriodType.Tick, 1);

I tried changing BarsInProgress and all the bar index factors in the EnterLong. Nothing seems to work.

if(Open == 1500)
{
       if(PRICE == Important Point 1)
        {
            EnterLong(2, 1, "Long");
            SetProfitTarget("Long", CalculationMode.Price, Important Point 2);
            SetStopLoss(CalculationMode.Price, Important Point 3);
        }
}

I just need to have 1 position at a time. No more then 1. As soon price hits the Important Number, I need to buy or sell and set up profit target and stop.

[Maciek]

Please help i need something like "if order or position exists, do not create new order or position on forthcoming bars"

[sledge]

Please help i need something like "if order or position exists, do not create new order or position on forthcoming bars"

Look at this thread, specifically Koganam's replies.

http://www.ninjatrader.com/support/forum/showthread.php?t=55157&highlight=MarketPosition

Also look up MarketPosition in the help.

if (Position.MarketPosition == MarketPosition.Flat)

[NinjaTrader_PatrickH]

Hello Maciek,

Thank you for your post.

Have you implemented EntryHandling along with EntriesPerDirection into your strategy?

For example if I use EntryHandling.AllEntries with EntriesPerDirection 1 you should only see 1 position per side:

protected override void Initialize() 
{ 
    EntriesPerDirection = 1;
    EntryHandling = EntryHandling.AllEntries;

For information on EntryHandling please visit the following link: http://www.ninjatrader.com/support/h...ryhandling.htm

Please let me know if you have any questions.

[koganam]

So, I read all that, and I tried a lot of different things. Nothing seems to be working. There should be about 3 trades, but instead it does 50000 trades.

I think it has to do with me using these:

Add(PeriodType.Minute, 1);
Add(PeriodType.Tick, 1);

I tried changing BarsInProgress and all the bar index factors in the EnterLong. Nothing seems to work.

 
if(Open == 1500)
{
       if(PRICE == Important Point 1)
        {
            EnterLong(2, 1, "Long");
            SetProfitTarget("Long", CalculationMode.Price, Important Point 2);
            SetStopLoss(CalculationMode.Price, Important Point 3);
        }
}

I just need to have 1 position at a time. No more then 1. As soon price hits the Important Number, I need to buy or sell and set up profit target and stop.

Not enough information.

1. What is the COBC setting?
2. When you say it enters multiple trades, are you saying that these are completed (entry, and exit), or are you saying that you end up with a large position? i.e., does your statement about 5000 trades mean that you got a position of 5000, or that you got 5000 entries followed by exits in rapid succession?