ATM NinjaScript Strategy: REVERSE at STOP then NOT

[ginx10k]

How do I write into a strategy for Reverse at Stop Loss, and if it triggers, I don't want it to have Reverse at stop loss again, just regular Stop Loss.

Example: If ATM Strategy is Set to BUY 1 Contract @ 1.900 and Stop set 1.890. I want it to reverse @ 1.890, but I Don't want the NEW Stop Loss to have Reversal.

Possible??? How?

[NinjaTrader_PaulH]

Hello ginx10k,

Thanks for your post.

To prevent the auto reversal, please make sure that under "advanced Properties" of the dom you have unchecked the "rev at stop" feature.

In your strategy code you will want to check in OnExecution() to see if "Stop1" was the name of the last order filled. Then you would enter an order in the opposite direction. You can use a bool like doItOnce initilized to true to prevent a 2nd reversal

protected override void OnExecution(IExecution execution)
{
if (execution.Name == "Stop1" && doItOnce)
{
// enter your next order here
doItOnce = false; // set to false so the reversal doesn't reverse again
}

[MisterGee]

1. To enter an order in the opposite direction would I use the AtmStrategyCreate() Method?
2. If my strategy goes both long and short, how would I know whether it was a short or long position? (If I have to enter the reversed position by AtmStrategyCreate)

[NinjaTrader_PaulH]

Hello MisterGee,

Thanks for your post.

You would want to use AtmStrategyClose() to close the current position then use the AtmStrategyCreate() to enter a new order.

http://ninjatrader.com/support/helpG...ategyclose.htm
http://ninjatrader.com/support/helpG...tegycreate.htm

You can verify position with: http://ninjatrader.com/support/helpG...etposition.htm