Reversing position via limit orders.

[NinjaTrader_JC]

Hello SteveH,

Inside the Output window you will not see two logs of this as NinjaTrader will handle this "under-the-hood", so you will only see the Entry order but you will see an order called "Close position"

Like the following:
7/29/2013 4:31:00 PM Entered internal PlaceOrder() method at 7/29/2013 4:31:00 PM: BarsInProgress=0 Action=Buy OrderType=Market Quantity=1 LimitPrice=0 StopPrice=0 SignalName='' FromEntrySignal=''
7/29/2013 6:38:00 PM Entered internal PlaceOrder() method at 7/29/2013 6:38:00 PM: BarsInProgress=0 Action=SellShort OrderType=Limit Quantity=1 LimitPrice=1684.50 StopPrice=0 SignalName='' FromEntrySignal=''
7/29/2013 6:48:00 PM Entered internal PlaceOrder() method at 7/29/2013 6:48:00 PM: BarsInProgress=0 Action=Buy OrderType=Market Quantity=1 LimitPrice=0 StopPrice=0 SignalName='' FromEntrySignal=''

You may also see the following image.

[SteveH]

Do you have a protective StopLoss order on your Long position?

Yes, and a profit target.


protected override void Initialize()
{
SetStopLoss(MMStop);
SetProfitTarget(profTarg);
.........

[koganam]

Yes, and a profit target.


protected override void Initialize()
{
SetStopLoss(MMStop);
SetProfitTarget(profTarg);
.........

You might want to read this rather long, sometimes contentious thread, to understand all the gory details that came out, when we discussed this very issue earlier.

ref: http://www.ninjatrader.com/support/f...d.php?p=241778

[SteveH]

Once I remove my stop and profit target the strategy works as expected. Since this strategy never has an entry bar stop out I will just hard code my stop and profit target as a work around.

I'd like to add my vote for Ninjatrader to add reversal limit orders withing the managed orders environment.