Long/Short entries

[zachj]

Is there a way to stop a strategy from exiting a short trade when the buy trade signals? Or would I just have to do two seperate strategies one for long and one for short to avoid this?

[koganam]

Is there a way to stop a strategy from exiting a short trade when the buy trade signals? Or would I just have to do two seperate strategies one for long and one for short to avoid this?

Not sure that the requirement is clear.

You mean that once in a trade, ignore all reversal signals until a target/stop is reached?
Is this for unmanaged, or managed trade setup?

[zachj]

Yes ignore reverse signal. I'm doing backtesting on automated strategy.

[koganam]

Yes ignore reverse signal. I'm doing backtesting on automated strategy.

Just gate the reversal signal to only be executed if MarketPosition is Flat.

[zachj]

But then the buy signal will be missed. Was looking for the long and the short to be completely disconnected. I guess I would have to have seperate strategies for long and short.

[zachj]

Is there a member of the NT staff that can confirm the info I have been given below? Is there no method to avoid a reversal other than to set requirement for position to be flat prior to entry? Looking for the short/long to run independently. Is a seperate strategy for short & long the only solution?

[koganam]

Is there a member of the NT staff that can confirm the info I have been given below? Is there no method to avoid a reversal other than to set requirement for position to be flat prior to entry? Looking for the short/long to run independently. Is a seperate strategy for short & long the only solution?

If they are to run independently, then yes, they have to be independent objects/classes/files.

[zachj]

It seems if they are run together than it makes a stoploss pointless as in a way the reversal is the stop. Koganam what do u think on that topic? Do u personally always run long/short together if u dont mind me asking. I was working w a firm and there propriatery system was setup so that they could only be created seperate, so no reversals.

[koganam]

It seems if they are run together than it makes a stoploss pointless as in a way the reversal is the stop. Koganam what do u think on that topic? Do u personally always run long/short together if u dont mind me asking. I was working w a firm and there propriatery system was setup so that they could only be created seperate, so no reversals.

There is more than one way to resolve the issue. I am too lazy, so I take the tack of using an enum to determine what I will do on reversal signals if I code for them. I am sure these enums are self-explanatory.

[FONT=Courier New][COLOR=#0000ff][FONT=Courier New][COLOR=#0000ff]public [/COLOR][/FONT][/COLOR][/FONT][FONT=Courier New][COLOR=#0000ff][FONT=Courier New][COLOR=#0000ff]enum[/COLOR][/FONT][/COLOR][/FONT][FONT=Courier New][COLOR=#000000] ReversalActionType[/COLOR][/FONT]
[FONT=Courier New]{[/FONT]
[FONT=Courier New]RevOnRevSig,[/FONT]
[FONT=Courier New]ExitOnRevSig [/FONT]
[FONT=Courier New]}[/FONT]
 
[FONT=Courier New][COLOR=#0000ff][FONT=Courier New][COLOR=#0000ff]public [/COLOR][/FONT][/COLOR][/FONT][FONT=Courier New][COLOR=#0000ff][FONT=Courier New][COLOR=#0000ff]enum[/COLOR][/FONT][/COLOR][/FONT][FONT=Courier New][COLOR=#000000] AllowedTradeDirection[/COLOR][/FONT]
[FONT=Courier New]{[/FONT]
[FONT=Courier New]LongOnly,[/FONT]
[FONT=Courier New]ShortOnly,[/FONT]
[FONT=Courier New]All[/FONT]
[FONT=Courier New]}[/FONT]

Between them, I can pretty much gate my orders to run any which way that I want.

[zachj]

I'm not farmiliar with enum, ill will take a look into that.