stop a strategy

[explorer101]

Hello, i have a strategy that depending on certain conditions i enable.

Is there a way to have this strategy run once ie open a long or short position and then exit to be enabled again.
Rather than have it run and have position closed for loss or profit and then quickly open a new position or submit a limit order (which is what the strategy does)

The strategy needs to run on each tick as the strategy updates the stop as it progresses and needs the intrabar information.

I wanted to determine if there was a strategy parameter that can be used for this OR i need to keep track of this in the strategy ie when flat and exit the strategy there at that point if a position has been opened once.

Is there a programmatic call/function i can use to disable the strategy within itself or a best practice approach

thanks

[NinjaTrader_ChelseaB]

Hello explorer101,

Are you asking how to disable a strategy from within the strategy code?

The CloseStrategy() method can do this.

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

[explorer101]

Hello, yes thanks that is the function. But i wondered also if there was a strategy setting that could be used ie run once for one position. Or is that down to the code itself to test when flat?

[NinjaTrader_ChelseaB]

Hello explorer101,

OnPositionUpdate() triggers when the position changes.

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

[explorer101]

Thanks,

I am already checking the marketposition in my code :

But seems this would be the place to check on the change.

In the help .....

A MarketPosition object representing the updating position update provided directly from the broker.

If i run this on SIM account or Replay will the update still be received for the marketposition ? ie it doesnt only work on live account?

And then calling CloseStrategy() within the override of OnPositionUpdate() would be fine?

thanks

[NinjaTrader_ChelseaB]

Hello explorer101,

Yes, the MarketPosition updates in OnPositionUpdate() for all connections and accounts including the Sim101 and Playback.

Yes, you can call CloseStrategy() in OnPositionUpdate().

I encourage you to give it a try.