Closing ATM Strategy and Exiting Trade for Specific Instrument in Market Analyzer

[MSerag]

Hello NinjaTrader Community,

I have an indicator attached to a Market Analyzer, which submits orders with an attached 'ATM1' strategy. The Market Analyzer contains two instruments: 'A' and 'B'. The 'ATM1' strategy is already active for both instruments, and an order has been placed for each instrument.

I want to modify the indicator so that it closes the 'ATM1' strategy and exits the trade using a market order when a specific condition is met. My question is:

1. Can I use the following code snippet to exit the trade if the condition is true for Instrument A but not for Instrument B?
2. If the condition is True for Instrument A but false for Instrument B, will the below code exit the 'ATM1' strategy and close the position for Instrument A only, or will it close the positions for both instruments?

If the provided code snippet doesn't work for my specific scenario, I would greatly appreciate an example indicator that addresses my requirements. Thank you for your guidance,

protected override void OnBarUpdate()
{

if (Condition == True)
{
     foreach (StrategyBase strat in myAccount.Strategies)
          {
               strat.CloseStrategy("Close Strategy");
          }
}

}

[NinjaTrader_ChelseaB]

Hello MSerag,

"Can I use the following code snippet to exit the trade if the condition is true for Instrument A but not for Instrument B?"

Yes, you could compare the strat.Instruments[0].FullName to the Instrument (of the indicator instance) and if equal then call CloseStrategy().

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

"If the condition is True for Instrument A but false for Instrument B, will the below code exit the 'ATM1' strategy and close the position for Instrument A only, or will it close the positions for both instruments?"

Your current code will close all Atm strategies on all instruments.

[MSerag]

Thank you for yoru reply. Is there any way to close the Atm strategy on the instrument that achieves (Condition == true) only given the other instrument is running the same ATM strategy but its (Condition == false)?
Thanks again.

[NinjaTrader_ChelseaB]

Hello MSerag,

This is what I was advising in post # 2.

May I confirm you are comparing the instrument in a condition and in the action block you are are calling strat.CloseStrategy?

This would make the that instance of the script only close positions on the instrument for that instance.

[MSerag]

I appreciate the clarification. One more question. If more than one strategy is active for the same instrument, how can we close one particular strategy and leave the others? For example, ATM1 and ATM2 are active for Instrument B. How do you close ATM1 and leave ATM2 active? If I understood the code correctly, it looped through all active strategies and closed them individually.

[NinjaTrader_ChelseaB]

Hello MSerag,

You are looping through all strategies in myAccount.Strategies.

You can choose which of the strategies you want to close. I've suggested closing the ones that match the instrument. The ones you close are up to you.

[MSerag]

My queston is about the syntax
strat.CloseStrategy("Close Strategy")
Is "Close Strategy" a placeholder for the name of the atm strategy ( i.e. strat.CloseStrategy("myATMstrategy") )? If not, what about if there are two ATM strategies operating on the same insturment, which one will be closed?

Here is the syntax I am using but it seems that it is not working

// Exit trade at specific timing
if (date.Hour == 15 && date.Minute >= 50)
{
Print(Instrument.FullName +" "+date+" "+ "Trade exited");
foreach (StrategyBase strat in myAccount.Strategies)
{
if (strat.Instruments[0].FullName == Instrument.FullName)
{
strat.CloseStrategy("myATM");
}
}
}

Thaks again.

[NinjaTrader_ChelseaB]

Hello MSerag,

The "Close Strategy" string supplied to the CloseStrategy() method call is the signal name of the order used to close the strategy.

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

In the loop, the strat variable is holding the instance of the strategy for this loop iteration.

With this logic all Atms on the instrument would be closed.

If you want further logic in the if conditions to match for a specific strat.Id or strat.DisplayName you could do so.

[MSerag]

Thanks a lot. Can you guide me to the resource on the logic in the if conditions to match for a specific strat.Id or strat.DisplayName?

[NinjaTrader_ChelseaB]

Hello MSerag,

if (strat.Name == "AtmTemplateNameHere")
if (strat.Id == "StrategyInstaceIDHere")

You will need to work out some logic on how you want to identify a specific Atm strategy instance.
Which one do you want to close?
The first one?

You may find this indicator helpful.

https://ninjatraderecosystem.com/user-app-share-download/atmstrategyidentifier/

[MSerag]

Hi again,
I have been trying to manage the ATM strategy but no clue to make it working. I used the below code while the ATM strategy "test" is working and got the below printouts.

if (date.Hour == 15 && date.Minute >= 30 && exiT == 0)
{

exiT = 1;

Print(myAccount.Strategies[0]);

foreach (StrategyBase strat in myAccount.Strategies)
{

Print(strat.Name);

if (strat.Instruments[0].FullName == Instrument.FullName && strat.Name == "test")
{

Print("Entered closing");

strat.CloseStrategy("Close Strategy");
}
}
}

name='AtmStrategy' id=313252767
AtmStrategy

However, if I remove

&& strat.Name == "test"

The strategy is exited with printing

name='AtmStrategy' id=313252767
AtmStrategy
Entered closing

Although the name of the working ATM strategy is "test", I got it printed as AtmStrategy. I tried to find ways to get the ATM id but it seems that there is no way to get the id as it is pooled from a random number.
Any insight?

[NinjaTrader_ChelseaB]

Hello MSerag,

Apologies, that should be the AtmStrategy object .DisplayName.

AtmStrategy atm = strat.GetOwnerStrategy() as AtmStrategy;

Print(atm.DisplayName);

See lines 191 to 197 of the AtmStrategyIdentifier script I have provided you a link to.

Below is a link toa video testing the code.

https://drive.google.com/file/d/1R5fHCW3pZJL5AdRYTvGURwvP45R0rU_p/view?usp=drivesdk

[MSerag]

Appreciation NinjaTrader_ChelseaB!