resetting to null

[jg123]

Hello

In my strategy, there are 5 ways that a long trade can be exited. Three of them have their own IOrder order variables

• IOrder LongBStop
• IOrder LongAdjustedStop
• IOrder TrailingStopLong

The other two ways are

• Close below SMA
• Close below Custom Indicator

For the last two, I simply use this code:

				if (LongEntryA != null
					&& LongEntryB != null
					&& (Close[0] < SMA(sMAPeriod)[0]
					|| Close[0] < CustomIndicator[xyz]))
				{
					ExitLong("LongEntryA");
					ExitLong("LongEntryB");
				}

I do not know how to check to see if the trade has closed in one of these two ways in order to reset the orders back to null. I also need to know this in order to reset LongBStop, LongAdjustedStop, & TrailingStopLong back to null.

Could you please let me know how to check for that in order to reset to null?

Thank you very much for your help!

[koganam]

Hello

In my strategy, there are 5 ways that a long trade can be exited. Three of them have their own IOrder order variables

• IOrder LongBStop
• IOrder LongAdjustedStop
• IOrder TrailingStopLong

The other two ways are

• Close below SMA
• Close below Custom Indicator

For the last two, I simply use this code:

                if (LongEntryA != null
                    && LongEntryB != null
                    && (Close[0] < SMA(sMAPeriod)[0]
                    || Close[0] < CustomIndicator[xyz]))
                {
                    ExitLong("LongEntryA");
                    ExitLong("LongEntryB");
                }

I do not know how to check to see if the trade has closed in one of these two ways in order to reset the orders back to null. I also need to know this in order to reset LongBStop, LongAdjustedStop, & TrailingStopLong back to null.

Could you please let me know how to check for that in order to reset to null?

Thank you very much for your help!

No need to check. Those are market orders, and so are more or less guaranteed to execute, even if at atrocious slippage. Just assume that the order will execute and do as you will, right after it, in the same block.

[jg123]

Thanks koganam. You always give really good information.

There is something that I am still not understanding though. I will give you a small scenario to help things out.

LongEntryA & LongEntryB both get triggered and I am now long 2 positions. LongEntryA hits its profit target which is then what triggers LongAdjustedStop and it is now an order sitting there waiting to be executed and filled. While waiting for the price to get to that level, the candle closes below the SMA which then triggers a sell market order. Therefore, I am out of the trade because of the market order and not because of the LongAdjustedStop order.

At this point, in my extremely limited understanding, I would need to reset LongAdjustedStop back to null. I would need to do this because as soon as it has an order associated with it, it is no longer null. But, do I understand you correctly, that I actually do not need to reset LongAdjustedStop back to null because the trade was closed out using a market order?

Thank you, and everybody else for your help.

[koganam]

Thanks koganam. You always give really good information.

There is something that I am still not understanding though. I will give you a small scenario to help things out.

LongEntryA & LongEntryB both get triggered and I am now long 2 positions. LongEntryA hits its profit target which is then what triggers LongAdjustedStop and it is now an order sitting there waiting to be executed and filled. While waiting for the price to get to that level, the candle closes below the SMA which then triggers a sell market order. Therefore, I am out of the trade because of the market order and not because of the LongAdjustedStop order.

At this point, in my extremely limited understanding, I would need to reset LongAdjustedStop back to null. I would need to do this because as soon as it has an order associated with it, it is no longer null. But, do I understand you correctly, that I actually do not need to reset LongAdjustedStop back to null because the trade was closed out using a market order?

Thank you, and everybody else for your help.

To the contrary, just set the relevant order to null, as the position has been closed by the market order. Think of the big picture. Why are you setting the order to null? Because the position with which it is associated no longer exists, right?

[jg123]

Okay, so in this scenario, which order do you consider to be "the relevant order"?

[NinjaTrader_CalH]

jg123,

The relevant order would be the LongAdjustedStop order that you have set and waiting.