Closing a Partial Position using an Exit Method

[epcompany]

I enter with 2 contracts and after the first exit with 1 contract, the second exit is ignored by NT.
Here's a log summary:

Enter for 2 contracts: Order Status: Order='f875f3c7e1cd45e5a6ae7f1393b6ae71/Replay101' Name='Buy' New state=Initialized Instrument='xxxxx' Action=Buy Limit price=0 Stop price=0 Quantity=2 Type=Market Filled=0 Fill price=0 Error=NoError Native error=''

Then the first exit which is executed: Issued Exit Order for: 1 Contracts
Order Status: GenericTracker: Order='f12325f180544c1593068fb9fa745500/Replay101' Name='Sell' New state=Initialized Instrument='xxxxx' Action=Sell Limit price=0 Stop price=0 Quantity=1 Type=Market Filled=0 Fill price=0 Error=NoError Native error=''


Then the second exit which is not executed: Issued Exit Order for: 1 Contracts
But no order is present ...

[NinjaTrader_PatrickH]

Hello epcompany,

Thank you for your post.

Can you provide your .cs file for the strategy and your log and trace files to support[at]ninajtrader[dot]com with 'ATTN: Patrick - 1069304' in the subject line?

You will find your strategy in the following directory on your PC: (My) Documents\NinjaTrader 7\bin\Custom\Strategy. You can send your log and trace files by going to the Control Center-> Help-> Mail to Support.

[epcompany]

strategy structure is pretty generic ...

protected override void OnBarUpdate()
{
if (this.Position.MarketPosition == MarketPosition.Long)
{

//__________________________________________________ __________________________________________________ ______
// Begin UP exit tests
if (EvaluateUpExit(this.Time[0]))
{
// Exit Long
_entryOrder = this.ExitLong(_numberOfContractsExited);
Print("Issued Exit Order for: " + _numberOfContractsExited.ToString() + " Contracts" );

}
}
// End UP exits

//__________________________________________________ ______________
// Begin DOWN exit tests
if (this.Position.MarketPosition == MarketPosition.Short)
{
if (EvaluateDownExit(this.Time[0]))
{
// exit short ...
_entryOrder = this.ExitShort(_numberOfContractsExited);
Print("Issued Exit Order for: " + _numberOfContractsExited.ToString() + " Contracts");

}
}


//__________________________________________________ ______________
// Begin entry tests
if (this.FirstTickOfBar)
{
if (this.Position.MarketPosition == MarketPosition.Flat)
{
// Enter an UP trade
if (EvaluateUpTrade(this.Time[0]))
{

// reset stop loss before entering ...
this.SetStopLoss(CalculationMode.Ticks, 20);

// enter the up trade ...
_entryOrder = this.EnterLong(_numberOfContractsTraded);
}

// Enter a DOWN trade
if (EvaluateDownTrade(this.Time[0]))
{
// reset stop loss before entering ...
this.SetStopLoss(CalculationMode.Ticks, 20);

// enter the down trade ...
_entryOrder = this.EnterShort(_numberOfContractsTraded);
}
}
} //End First Tick of Bar
}

[NinjaTrader_PatrickH]

Hello epcompany,

Thank you for your response.

So I may investigate this matter further can you provide your log and trace files to support[at]ninajtrader[dot]com with 'ATTN: Patrick - 1069304' in the subject line?

[koganam]

protected override void OnBarUpdate()
{
if (this.Position.MarketPosition == MarketPosition.Long)
{

//__________________________________________________ __________________________________________________ ______
// Begin UP exit tests
if (EvaluateUpExit(this.Time[0]))
{
// Exit Long
_entryOrder = this.ExitLong(_numberOfContractsExited);
Print("Issued Exit Order for: " + _numberOfContractsExited.ToString() + " Contracts" );

}
}
// End UP exits

//__________________________________________________ ______________
// Begin DOWN exit tests
if (this.Position.MarketPosition == MarketPosition.Short)
{
if (EvaluateDownExit(this.Time[0]))
{
// exit short ...
_entryOrder = this.ExitShort(_numberOfContractsExited);
Print("Issued Exit Order for: " + _numberOfContractsExited.ToString() + " Contracts");

}
}


//__________________________________________________ ______________
// Begin entry tests
if (this.FirstTickOfBar)
{
if (this.Position.MarketPosition == MarketPosition.Flat)
{
// Enter an UP trade
if (EvaluateUpTrade(this.Time[0]))
{

// reset stop loss before entering ...
this.SetStopLoss(CalculationMode.Ticks, 20);

// enter the up trade ...
_entryOrder = this.EnterLong(_numberOfContractsTraded);
}

// Enter a DOWN trade
if (EvaluateDownTrade(this.Time[0]))
{
// reset stop loss before entering ...
this.SetStopLoss(CalculationMode.Ticks, 20);

// enter the down trade ...
_entryOrder = this.EnterShort(_numberOfContractsTraded);
}
}
} //End First Tick of Bar
}

As currently written you cannot scale out without scaling in. This is a bug that NT has already acknowledged, but will not fix in the current iteration.

More information is in this single post: http://ninjatrader.com/support/forum...61&postcount=3

It is part of two pretty long discussions which show that, in NT7, one cannot scale out without scaling in.

[epcompany]

I'm not sure what the term scale out and scale in means? I enter into a 2 contract position, then exit 1 contract (market position is still not flat). Any calls to exit for 1 contract at this point are ignored by NT? is this the bug that you are referring to?

[koganam]

I'm not sure what the term scale out and scale in means? I enter into a 2 contract position, then exit 1 contract (market position is still not flat). Any calls to exit for 1 contract at this point are ignored by NT? is this the bug that you are referring to?

Scaling means not buying or selling your position all at once, but in pieces, usually as things go your way.

ref: http://www.investopedia.com/terms/s/scale-out.asp

So, yes, that is what I mean.