Position management. Portfolio

[alexstox]

Reverse position

Hello.
EOD data. Strategy Analyzer.
Need to reverse position. Is it possible to close long position and open short in one bar? As I understand, this mean to exit long position by market and let short order to be placed in market.

[NinjaTrader_CalH]

Alexstox,

If you are using the Managed Approach you can use EnterShort() for your long position. This will close the long position and enter you into a short position.

[alexstox]

Alexstox,

If you are using the Managed Approach you can use EnterShort() for your long position. This will close the long position and enter you into a short position.

Message in CC Log tab
An Enter() method to submit an entry order at '09.12.2005 22:00:00' has been ignored. Please search on the term 'Internal Order Handling Rules' in the Help Guide for detailed explanation.

[NinjaTrader_CalH]

Alexstox,

You will want to use TraceOrders to help in debugging your script.

Put TraceOrders = true; in your Initialize()

This will print out to your Output window, Tools -> Output window

[alexstox]

Alexstox,
You will want to use TraceOrders to help in debugging your script.
Put TraceOrders = true; in your Initialize()
This will print out to your Output window, Tools -> Output window

07.12.2005 22:00:00 Entered internal PlaceOrder() method at 07.12.2005 22:00:00: BarsInProgress=0 Action=Sell OrderType=Stop Quantity=1 LimitPrice=0 StopPrice=1,1590 SignalName='trail1' FromEntrySignal='Long1'
07.12.2005 22:00:00 Entered internal PlaceOrder() method at 07.12.2005 22:00:00: BarsInProgress=0 Action=Sell OrderType=Limit Quantity=1 LimitPrice=1,2467 StopPrice=0 SignalName='targetOrder1' FromEntrySignal='Long1'
09.12.2005 22:00:00 Entered internal PlaceOrder() method at 09.12.2005 22:00:00: BarsInProgress=0 Action=SellShort OrderType=Stop Quantity=1 LimitPrice=0 StopPrice=1,1712 SignalName='Short1' FromEntrySignal=''
09.12.2005 22:00:00 Ignored PlaceOrder() method at 09.12.2005 22:00:00: Action=SellShort OrderType=Stop Quantity=1 LimitPrice=0 StopPrice=1,1712 SignalName=Short1' FromEntrySignal='' Reason='An Enter() method to submit an entry order has been ignored. Please search on the term 'Internal Order Handling Rules' in the Help Guide for detailed explanation.'
**NT** An Enter() method to submit an entry order at '09.12.2005 22:00:00' has been ignored. Please search on the term 'Internal Order Handling Rules' in the Help Guide for detailed explanation.

[NinjaTrader_CalH]

Alex,

More than likely you have a working order for long while you trying to submit the short order, thus causing the internal rules to ignore it.

http://www.ninjatrader.com/support/h...d_approach.htm

[alexstox]

Alex,

More than likely you have a working order for long while you trying to submit the short order, thus causing the internal rules to ignore it.

http://www.ninjatrader.com/support/h...d_approach.htm

Did I understand you carefully? This mean there are opened long position and working long order simultaneously? And I should null this opened long order. Well, I think this happen because long order did not have time to close, because I null all orders in OnExecution() in the end of script. Please advise what to do.

[NinjaTrader_CalH]

Alexstox,

There are rules there as well that would interfere with this, such as using SetStopLoss() or having an ExitLong() order sitting.

Do you have either of these in your script?

[alexstox]

Alexstox,
There are rules there as well that would interfere with this, such as using SetStopLoss() or having an ExitLong() order sitting.
Do you have either of these in your script?

Short construction of my script

[SIZE="2"]Variables
 protected override void Initialize()
        {
[B]EntriesPerDirection = 1; [/B]
[B]EntryHandling = EntryHandling.UniqueEntries;[/B]
[B]There are 3 unique entries possible for long and 3 for short[/B]
indicators and additional data series}
protected override void OnBarUpdate()
        {
lots of additional conditions

BarsInProgress==0
extra trails exits and changes for long positions
long positions rules
trails exits for long positions

extra trails exits and changes for short positions
short positions rules
trails exits for short positions

protected override void OnExecution(IExecution execution)
        {stops, null orders, exits}[/SIZE]

So, as I understand, in OnBarUpdate() short is ready to go, but can't because long order will null later in OnExecution(). What you think?

[NinjaTrader_CalH]

Alexstox,

What kind of orders are these Trail stops that you are using and are they being placed when you enter Long?

[koganam]

Message in CC Log tab
An Enter() method to submit an entry order at '09.12.2005 22:00:00' has been ignored. Please search on the term 'Internal Order Handling Rules' in the Help Guide for detailed explanation.

[ATTACH]29492[/ATTACH]

You cannot reverse on the same bar if you have protective orders on the position. This has been discussed many times in the forum.

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

[alexstox]

Alexstox,
What kind of orders are these Trail stops that you are using and are they being placed when you enter Long?

Long position created 1 bar earlier. So, this bar Long is opened with Profit order and StopLoss order. And script try to enter short. And even can't place an order.

[NinjaTrader_CalH]

Alexstox,

This is because you have working protective orders as Koganam pointed out.

Since, you have these orders working for your long position the EnterShort() orders are going to get ignored.

[alexstox]

Alexstox,
This is because you have working protective orders as Koganam pointed out.
Since, you have these orders working for your long position the EnterShort() orders are going to get ignored.

So, is it possible to exit protective orders and enter short?

[NinjaTrader_CalH]

You will need to either wait for the exit orders to get filled or you will need to cancel them and place a EnterShort()