Multiple Entries Wanted!

[ginx10k]

Question: In my strategy I have 2 Entry Conditions. One is as soon as Bar closes it sets a EnterShortStop a few ticks above/below Close

//STEP 1: ENTER TRADE, ShortStop after Close of DownBar
			EnterShortStop(scalpLotSize, Close[1] - (entryTrigDist * TickSize), "sellTrade1");

Sometimes this gets rejected because price moves too fast, but I found a way around it, by placing a 2nd condition

if(Position.MarketPosition != MarketPosition.Short)
			{	//If Not in Current trade and Price moved back above CLose of Previous Down Bar's Close
				if(Close[0] > Close[1])
				EnterShortStop(scalpLotSize, Close[1], "sellTrade1");

This has been working Great. but my problem is now. I want to add a 3rd and 4th Entry condition, where it opens another position "If Already in a Position", problem I DON'T want to interfere with these last Two Conditions.

My dilemma is that one of the first 2 conditions will Only Enter a StopOrder "If NOT in Current Position"

Let me try to summarize: Is there a way to write that if 1st condition Enters ShortStop Order cancel the 2nd Condition's paramaters WITHOUT looking to see If MarketCondition.Short?

This would solve my problem but I don't know how to do it.


Hopefully this summary explains it better:

//Entry Condition 1: ShortStop after Close of DownBar
		EnterShortStop(scalpLotSize, Close[1] - (entryTrigDist * TickSize), "sellTrade1");

//Entry Condition 2: IF Entry 1 is Rejected: and Price Retraces Back Above the Close of last Down Bar's Close, and We're NOT in Current Trade, Enter ShortOrder
if(Close[0] > Close[1])
	EnterShortStop(scalpLotSize, Close[1], "sellTrade1");

//Entry Condition 3: If in a Current Trade, and bar closes in my favor, Enter 2nd Trade
if(Position.MarketPosition == MarketPosition.Short && FirstTickOfBar && Close[1] < Open[1])
{
	EnterShortStop(halfLotSize, Close[1] - (entryTrigDist * TickSize), "sellTrade2");
}
//This is the Real PROBLEM right Here:
//Entry Condition 4: If in Current Trade and Entry 3 (sellTrade2) got Rejected, and Price retraces back above Previous DownBar's Close, 
{
     EnterShortStop(halfLotSize, Close[1], "sellTrade2");
}

So you see Everything is FIne until CONDITION 4. because Condition 3 & 4 are just a Copy of Condition 1 & 2. However, #3 and #4 need MarketPosition != flat. but is There another way of writing COndition 4 so that it Does NOT Enter a Trade if COndition 3 entered a Trade

One possible solution but I don't know how to do it. Is "If Condition 1 Got Rejected --> Enter Condition 2" without Checking to see if we're in a Trade or NOT.

I could then Copy that for condition 3 & 4. Any idea how to accomplish This?

[NinjaTrader_CalH]

Hello Ginx10k,

You could use a bool flag for when your third condition entered a trade to then submit the 4th condition when this becomes true.

You would want to check when the order was accepted in the OnOrderUpdate() method

protected override void OnOrderUpdate(IOrder order)
{
     if( order.name == sellTrade2" && order.OrderState == OrderState.Accepted)
         myBool = true;
}

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

Let me know if I can be of further assistance.

[ginx10k]

Awesome thanks so much Buddy!