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Entry only Strategy

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    Entry only Strategy

    I am an indicator developer but I need a little help to develop a strategy based only on Entry orders. The Exit will be managed manually with the Basic Entry window.
    I have develop the entry orders pretty easy but now if I manage my exits manually it doesn't sync together and If I close the position with the Close button from the Basic Entry window it just disable my strategy.

    I know it must be simple but what do I have to do so that the strategy takes care only of the entry and the exit is managed manually and both can be in sync.

    Thank you !

    #2
    Hello blar58,

    A strategy is not going to include any manually placed orders. This means if you place a manual market order in the opposite direction of the position, this will change the account position but will not change the strategy position.

    And yes, clicking the Close button will cause any strategy with an open position on the same instrument and account to be disabled.

    Instead, I would recommend using the Addon approach to place the entry which will not be disabled when clicking the close button.
    Below is a link to an example addon that places orders.


    Alternatively, you could code a button that is added to a chart by the strategy and when clicking the custom button have the strategy place an exit order.
    Below is a link to an example in the User App Share that demonstrates.



    The NinjaTrader Ecosystem website is for educational and informational purposes only and should not be considered a solicitation to buy or sell a futures contract or make any other type of investment decision. The add-ons listed on this website are not to be considered a recommendation and it is the reader's responsibility to evaluate any product, service, or company. NinjaTrader Ecosystem LLC is not responsible for the accuracy or content of any product, service or company linked to on this website.
    Chelsea B.NinjaTrader Customer Service

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      #3
      That's exactly what I was looking for !
      Thank you very much Chelsea

      Comment

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