Script for OCO orders with autobreakeven

[Powerbucker]

Hello,

For an open operation, I need to create a stop order and a limit OCO order (one cancels the other) using a script that I will execute using a button.
And for the SL order, I need to indicate autobreakeven.

Can you give me an example?

Thanks

[Powerbucker]

Hi,

I'm trying something like this:

                    //miramos si hay alguna posición abierta
                    outputLog(account.Positions.Count.ToString());
                    if (account.Positions.Count > 0)
                    {
                        //hay una posición abierta
                        if(account.Orders.Any(o => o.Instrument.FullName == instrument.FullName && (o.OrderState == OrderState.Working || o.OrderState == OrderState.Accepted)))
                            outputLog("Ya hay órdenes abiertas para este instrumento");
                        else
                        {
                            //abrir las órdenes SL / TP OCO
                            //SL
                            Order newOrderSL = account.CreateOrder(instrument, account.Positions[0].MarketPosition == MarketPosition.Long ? OrderAction.Sell : OrderAction.Buy,
                                                OrderType.StopMarket, OrderEntry.Automated, TimeInForce.Gtc, account.Positions[0].Quantity, 0, 20000, "TESTOCO", "ORDERNAMESL",
                                                Core.Globals.MaxDate, null);
                            //TP
                            Order newOrderTP = account.CreateOrder(instrument, account.Positions[0].MarketPosition == MarketPosition.Long ? OrderAction.Sell : OrderAction.Buy,
                                                OrderType.Limit, OrderEntry.Automated, TimeInForce.Gtc, account.Positions[0].Quantity, 20500, 0, "TESTOCO", "ORDERNAMETP",
                                                Core.Globals.MaxDate, null);
                        }
                    }
​

This works OK but I don't know how configure the autobreakeven for SL order, like ATM Strategy works.

Thanks

[NinjaTrader_ChelseaB]

Hello Powerbucker,

I have a few examples you may find helpful.

Placing orders with a button click.

https://support.ninjatrader.com/s/article/Chart-Order-Buttons

Using the addon approach to place a pair of OCO orders with custom stop price management.
ProfitChaseStopTrailAddonExample - https://support.ninjatrader.com/s/ar...ase-Stop-Trail

[Powerbucker]

Ok, thanks !

I understand in this code you are managing the stoploss to breakeven manually.

My question is the stoploss order does not have a property to program the autobreakeven as it would be done from the UI?



This way I don't have to program it through a script.

Thanks

[NinjaTrader_ChelseaB]

Hello Powerbucker,

"I understand in this code you are managing the stoploss to breakeven manually."

This is incorrect.
In the ProfitChaseStopTrailAddonExample the stop price is managed with logic on lines 159 to 170.

"My question is the stoploss order does not have a property to program the autobreakeven as it would be done from the UI?"

Unfortunately no, when directly sending orders through an account the breakeven will have to executed by the custom logic in the script.

If you want to use an Atm Strategy template, this would be possible instead.

https://ninjatrader.com/support/helpGuides/nt8/startatmstrategy.htm

http://ninjatrader.com/support/forum/showthread.php?p=515555#post515555

[Powerbucker]

Hi,

when I say "manually" is by script

My main problem is I need create the order by UI (limit or market) and when the position is open, then configure the SL/TP and breakeven. If I open and order without ATM, and once position is open I select an ATM Strategy, the system doesn't create the orders.


So, is possible start an ATM Strategy (manually or by script) once the position is open? Then I know how is the SL, TP and autobreakeven.

Thanks

[NinjaTrader_ChelseaB]

Hello Powerbucker,

Manually would indicate that you are using the mouse to manually change the price of an order either on a chart or on the Orders tab of the Control Center.
Automated would mean the order is being adjusted by code in a script.

"So, is possible start an ATM Strategy (manually or by script) once the position is open? Then I know how is the SL, TP and autobreakeven."

Unfortunately, there is not a way to automate starting an Atm Strategy for an open position. This would have to be associated to a specific entry order that is submitted by the script.

But you can use logic in the script to place a stop order and limit for an open position and adjust the prices of the order with logic in the script.

[Powerbucker]

ok, thanks !!

[Powerbucker]

Hi,

I have a question about this way of creating orders:

If I do it with an ATM,

                        Order entryOrder = account.CreateOrder(orderFake.Instrument, orderFake.OrderAction, orderFake.OrderType,
                            TimeInForce.Gtc, orderFake.Quantity, 0, 0, "", "Entry", null);
    
                        // Submits our entry order with the ATM strategy named "myAtmStrategyName"
                        AtmStrategy.StartAtmStrategy("ATM Isra 100", entryOrder);

the orders come out this way and it allows me to configure the AutoBreakEven.

image Order1.png

If I do it independently,

Order entryOrder = account.CreateOrder(orderFake.Instrument, orderFake.OrderAction, orderFake.OrderType,
TimeInForce.Gtc, orderFake.Quantity, 0, 0, "", "Entry", null);

string oco = Guid.NewGuid().ToString("N");

double SL = getIsraPos(button).getCurrentSL();
Order slOrder = account.CreateOrder(orderFake.Instrument, orderFake.OrderAction == OrderAction.Buy ? OrderAction.Sell:OrderAction.BuyToCover,
OrderType.StopMarket,TimeInForce.Gtc,orderFake.Qua ntity, 0, SL, oco, "Stop1", null);

double TP = getIsraPos(button).getCurrentEntry();
Order tpOrder = account.CreateOrder(orderFake.Instrument, orderFake.OrderAction == OrderAction.Buy ? OrderAction.Sell:OrderAction.BuyToCover,
OrderType.Limit,TimeInForce.Gtc,orderFake.Quantity , TP, 0, oco, "TakeProfit1", null);

account.Submit(new [] {entryOrder, slOrder, tpOrder});
​

it creates the orders of another type (different color) and does not let me configure the autoBreakeven, it comes out deactivated.

image Order2.png

I have checked and the type of orders is the same, can you help me?

Thanks

[NinjaTrader_ChelseaB]

Hello Powerbucker,

I'm not sure what the issue is.

The AtmStrategy.StartAtmStrategy() method starts an ATM strategy from an Atm template which would may a stop strategy configured.

If AtmStrategy.StartAtmStrategy() is not used, then there is no Atm, and any order modifications would have to be done with logic in the script. The ProfitChaseStopTrailAddonExample linked in post # 3 demonstrates how to modify the stop price using logic.

What specifically do you need help with?

Do you need help understanding the example and how to modify the price of an order with logic?

[Powerbucker]

I would like to know how to create an SL order that can then configure the autobreakeven, as if I created it by ATM

Because I can't create a predefined SL order by script by ATM

Thanks

[NinjaTrader_Jesse]

Hello Powerbucker,

You can find a sample in the following link that shows how to do a break even in code from a strategy. It would be the same general concept if you are using an addon, you would have to locate the position in the accounts position collection and get the average price and then make a condition that uses that to move the order.

https://ninjatrader.com/support/helpGuides/nt8/using_onorderupdate_and_onexec.htm