Exiting ATM Strategy due to loss limit

[MisterGee]

Hello,

I have been trying to code an exit strategy for my ATM strategy that will exit the trade when the position has gone too far into the red. This is my current code:

if (GetAtmStrategyMarketPosition(atmStrategyId) == MarketPosition.Short
&& (Close[0] - GetAtmStrategyPositionAveragePrice(atmStrategyId) >= 9)
{
AtmStrategyClose(atmStrategyId);
}

If the position down 9 points or more then I would like it to close. I have been testing on Playback Connection. This strategy operates OnBarUpdate.

Thanks in advance.

[NinjaTrader_PaulH]

Hello MisterGee,

Thanks for your post.

Does your code produce the desired results?

If not what results do you see?

[MisterGee]

No. The strategy does not produce the desired result. There are no results. I included a print line to observe when the code is triggered and there are no instances of the print line in the output window even though there are multiple occurrences of trades losing more than 9 points.

[NinjaTrader_PaulH]

Hello MisterGee,

Thanks for your reply.

I tested your code with a copy of SampleATM strategy set to sell instead of buy and in market replay was able to see that your code did work.

Here is what i used:

if (atmStrategyId.Length > 0)
{
Print ("Gap: "+(Close[0] - GetAtmStrategyPositionAveragePrice(atmStrategyId)) );

if (GetAtmStrategyMarketPosition(atmStrategyId) == MarketPosition.Short && (Close[0] - GetAtmStrategyPositionAveragePrice(atmStrategyId) >= 2))
{
AtmStrategyClose(atmStrategyId);
Print ("Strategy Closed");
}
}

Here is a short video I made using market replay to demonstrate: https://Paul-ninjaTrader.tinytake.co...M18xNTY0NzMyMw

From this we can conclude that your code works so there must be some other reason that it is not working as expected. You will need to continue debugging,

[MisterGee]

Well, that's good and bad news I guess!

Thanks Paul!