Exiting positions

[ezrollin]

Will EnterLong and EnterShort exit the previous position and put in the new market order?
So like if I'm already long and my strategy send EnterShort, that alone will close the long?
Thats so weird
Thanks

[bltdavid]

Will EnterLong and EnterShort exit the previous position and put in the new market order?

Yes.

So like if I'm already long and my strategy send EnterShort, that alone will close the long?

Yes.

Thats so weird

Nope. Not weird. More like, that's so cool.

The idea is exceptionally well-suited for an 'always-in' kind of strategy.

What is that? Well, consider a strategy like an MA crossover. For many
strategies, the next entry signal is also the exit signal for the current trade.

Huh? Some strategies produce signals that do double-duty. They produce
an entry signal, sure ... but that same signal serves as a de-facto exit signal,
which is only really useful if you currently happen to be in a position.

Thus, for ex, if you are Long, then EnterShort automatically handles exiting that
Long position before submitting the Short entry order. If you are not Long, no
problem, EnterShort runs normally and submits a Short entry order.

To have that extra logic to exit the prior position (if necessary) is extremely
convenient.

It's not really that weird at all ... it turns out to be a very cool feature.

It can make the code you have to write much simpler, because the NinjaScript
internal library code for EnterShort/EnterLong does lots of extra work for you,
but only if needed.

-=o=-

This builtin 'exit position if necessary' feature is one of the primary benefits of
using the Managed mode order methods.

If you find this 'convenience' getting in the way, you can bypass it completely
by using Unmanaged mode order methods.