partial exit order

[uday12]

Suppose I have an indicator where the signal goes from -4 to +4 and depending upon the signal I want to hold -4*X to +4*X contracts.

How can I implement this with EnterLong() / EnterShort(), ExitLong() / ExitShort()?

Let's suppose the signal is:

----------
if (Close[0] >= EMA(20)[0])
s1.Set(1);
else
s1.Set(-1);

if (Close[0] >= EMA(40)[0])
s2.Set(1);
else
s2.Set(-1);

if (Close[0] >= EMA(60)[0])
s3.Set(1);
else
s3.Set(-1);

if (Close[0] >= EMA(80)[0])
s3.Set(1);
else
s3.Set(-1);

smain.Set(s1[0]+s2[0]+s3[0]+s4[0]);

---------

Let X = 2

Now, if the previous signal was +4, and the position was +8 contracts, and suppose the new signal is +2, the required position is +4 contracts; and there I need to sell +4 contracts. Should I do ExitLong(4) ?

[NinjaTrader_ZacharyG]

Hello uday12,

Thank you for writing in.

This would be correct.

When specifying an ExitLong() with a quantity, then only that amount will be closed out. The remaining four contracts will still be open.

Please, let us know if we may be of further assistance.