Enter, but DO NOT Reverse

[Hammerhorn]

I have a neat strategy that uses price action to catch the big trends, intraday. Typically it just exits on close of session, but sometimes if the strat is long there is a short entry, which closes the long and enters the short, as it should. The issue, which is ironic in that I have coded so many strats to do reversals, is that I don't want that to happen this time.

I have a pretty good idea on how to do this using,

Position.MarketPosition == MarketPosition.Flat
and
Position.MarketPosition == MarketPosition.Long or Short

with my current entry signals copied for just an exit, but I really don't want to do as I always prefer to keep my script as clean as possible (my entry parameters are very long and if I have to use them for my exit too..). Before I dive into the latter, is there a simple way to tell EnterShort or EnterLong or their equivalents to only close the opposite and not enter? Again I would prefer not to have to have if(Position.MarketPosition == MarketPosition.Long) then Exit and then have the if(Position.MarketPosition == MarketPosition.Flat) then Enter. If it can be done with less script I would like that. Also very curious if it there is another way in managed. Thanks in advance and always am very appreciative of any advice.

[NinjaTrader_CalH]

Hi Hammerhorn,

Thank you for your post.

You would need to Exit the position first as the Enter will close any open opposite position and then submit an order in that direction.

When, MarketPosition.Long is true you will submit an exit order and then with Flat you will enter an opposite position.

Let me know if I can be of further assistance.

[koganam]

I have a neat strategy that uses price action to catch the big trends, intraday. Typically it just exits on close of session, but sometimes if the strat is long there is a short entry, which closes the long and enters the short, as it should. The issue, which is ironic in that I have coded so many strats to do reversals, is that I don't want that to happen this time.

I have a pretty good idea on how to do this using,

Position.MarketPosition == MarketPosition.Flat
and
Position.MarketPosition == MarketPosition.Long or Short

with my current entry signals copied for just an exit, but I really don't want to do as I always prefer to keep my script as clean as possible (my entry parameters are very long and if I have to use them for my exit too..). Before I dive into the latter, is there a simple way to tell EnterShort or EnterLong or their equivalents to only close the opposite and not enter? Again I would prefer not to have to have if(Position.MarketPosition == MarketPosition.Long) then Exit and then have the if(Position.MarketPosition == MarketPosition.Flat) then Enter. If it can be done with less script I would like that. Also very curious if it there is another way in managed. Thanks in advance and always am very appreciative of any advice.

Then modularize your code using a method that takes a parameter to do what you want, and call the method instead. e.g.,

private void HammerhornExitOrReverse(string ActionType)
{
if (ActionType == "Reverse") 
{
//enter in opposite direction
}
else if (ActionType == "Exit")
{
Exit...()
}
return;
}

[Hammerhorn]

Thanks Koganam and Cal. I will play with it. Thanks.