Reversing Trades

[ballboy11]

I have a trading strategy that is kind of working but not executing 100%. It seems to skip once in a while. What I want it to do is reverse an order.

Scenario 1: when the time is decided to change and the order didn't hit the target exit position AND set a new limit order the opposite direction;
Scenario 2: if the order wasn't filled Cancel the order AND set a new limit order the opposite direction.

What I am finding out it can cancel the order but skips setting up the reversal order. I think the code doesn't think it is flat.



if (Position.MarketPosition == MarketPosition.Short)
{
if (nTarget1Contracts != 0)
ExitShort("Short1");

if (nTarget2Contracts != 0)
ExitShort("Short2");

if (nTarget3Contracts != 0)
ExitShort("Short3");
}
else
{
if (oEntryOrder1 != null)
{
oEntryOrder1 = GetRealtimeOrder(oEntryOrder1);
CancelOrder(oEntryOrder1);
}

if (oEntryOrder2 != null)
{
oEntryOrder2 = GetRealtimeOrder(oEntryOrder2);
CancelOrder(oEntryOrder2);
}

if (oEntryOrder3 != null)
{
oEntryOrder3 = GetRealtimeOrder(oEntryOrder3);
CancelOrder(oEntryOrder3);
}
}

if (Position.MarketPosition == MarketPosition.Flat)
{
{
if (nTarget1Contracts != 0 && bTradeEnabled == true)
{

SetProfitTarget("Long1", CalculationMode.Price, dPrice1, true);
SetStopLoss("Long1", CalculationMode.Price, dPrice2, false);

if (bUseMar****rder == true)
EnterLong(nTarget1Contracts, "Long1");
else
EnterLongLimit(0, true, nTarget1Contracts, dPrice3, "Long1");
}
}

[NinjaTrader_Jesse]

Hello ballboy11,

You are very likely correct in your assessment here, the position will not be updated until the next OnBarUpdate call. Calling the CancelOrder will not allow the Position check to evaluate true immediately after.

To confirm that is happening you could use a Print inside your condition and wait for the time when you see this happen, if the print didn't happen your logic was not called which indicates it was not flat.

if (Position.MarketPosition == MarketPosition.Flat)
{
Print("Here");

I look forward to being of further assistance.