OCO and setting up profit targets and trailing stops

[ballboy11]

I finally figured out how to place my OCO order sucessfully but having problems once the order is filled to set up my profit target and a trailing stop. I got close in creating a buy to cover but the issue is because i am closing my first position it wants to close all. here is my code so far. I would rather just manage the order entry.



private string orderId = string.Empty;
private IOrder entryOrder = null;
private IOrder stopOrder = null;

// User defined variables (add any user defined variables below)
#endregion

/// <summary>
/// This method is used to configure the strategy and is called once before any strategy method is called.
/// </summary>
protected override void Initialize()
{
CalculateOnBarClose = false;
Unmanaged = true;
TraceOrders = true;

}


protected override void OnBarUpdate()
{

if ( Position.MarketPosition == MarketPosition.Flat )
{

entryOrder = SubmitOrder(0, OrderAction.Buy, OrderType.Stop, 2,0, longPrice, "Enter", "EnterLong");
entryOrder = SubmitOrder(0, OrderAction.SellShort, OrderType.Stop, 2,0, shortPrice, "Enter", "EnterShort");


}

}

//not being used at this moment
protected override void OnOrderUpdate(IOrder order)
{
if (entryOrder != null && entryOrder == order)
{

if (order.OrderState == OrderState.Filled)
// entryOrder = null;
Print(order.ToString());

}
}
// this test is to create a profit target for the short order
protected override void OnExecution(IExecution execution)
{
if(Position.MarketPosition == MarketPosition.Short)
{


Print("we are short");
stopOrder = SubmitOrder(0, OrderAction.BuyToCover, OrderType.Limit,1,Position.AvgPrice -3*TickSize,0, "Enter", "EnterLong");



}


}

[ballboy11]

getting there but not sure if i am doing it correct

Everything is working according to the methodology I wanted but why doesn't change order not work All I want to do is when my OCO is filled is to make a profit target and a trailing stop. I think the code is wrong but it does work except making the algo a trailing stop.






if ( Position.MarketPosition == MarketPosition.Flat )
{

entryOrder = SubmitOrder(0, OrderAction.Buy, OrderType.Stop, 2,0, longPrice, "Enter", "EnterLong");
entryOrder = SubmitOrder(0, OrderAction.SellShort, OrderType.Stop, 2,0, shortPrice, "Enter", "EnterShort");


}

}

}

}
protected override void OnOrderUpdate(IOrder order)
{
if (entryOrder != null && entryOrder == order)
{

if (order.OrderState == OrderState.Filled)
// entryOrder = null;
Print(order.ToString());

}
}

protected override void OnExecution(IExecution execution)
{
if(Position.MarketPosition == MarketPosition.Short)
{


Print("we are short");
if(Position.Quantity> 1)
{
profitOrder = SubmitOrder(0, OrderAction.BuyToCover, OrderType.Limit,1,Position.AvgPrice -3*TickSize,0, "Enter", "EnterLong");
stopOrder = SubmitOrder(0, OrderAction.BuyToCover, OrderType.Stop,2,0,Position.AvgPrice +7*TickSize, "Enter", "EnterLong");
}
else if(Position.Quantity == 1)
{

//CHANGE ORDER DOES NOT WORK I HAVE TO SUBMIT ANOTHER ORDER
//IF I USE THE CHANGEORDER METHOD MY OLD STOPS DISAPPEAR
ChangeOrder(stopOrder,1,0,Position.AvgPrice);
stopOrder = SubmitOrder(0, OrderAction.BuyToCover, OrderType.Stop,1,0,Position.AvgPrice, "Enter", "EnterLong");
}



}