Enter Stop / Exit Stop

[Balage0922]

Hi All,
the code below is a simple one that enters with a Stop order on a breakout. Once entered, it places a Stop and a TP. Now, the problem I have is that once a position is open, the strategy does not enter the opposite direction if there is a signal. I was thinking that the problem is the multiple stop orders being open at the same time but I was not able to find the cause/workaround. Could anyone please point me to the right direction? Is this order related or am I missing something else?

}
else if (State == State.DataLoaded)
{
amaADX1 = amaADX(Close, 14, Convert.ToInt32(ADX_Length));
amaMAX1 = amaMAX(High, Convert.ToInt32(BO_p));
amaMIN1 = amaMIN(Low, Convert.ToInt32(BO_p));
SetStopLoss(CalculationMode.Currency, Stop);
SetProfitTarget(CalculationMode.Currency, Target);
}
}

protected override void OnBarUpdate()
{
if (BarsInProgress != 0)
return;

if (CurrentBars[0] < 1)
return;

// Long
if ((amaADX1.ADX[0] < ADX_Max))
{
EnterLongStopMarket(Convert.ToInt32(DefaultQuantit y), (amaMAX1[1] + (5 * TickSize)),@"LE");
}

// Short
if ((amaADX1.ADX[0] < ADX_Max))
{
EnterShortStopMarket(Convert.ToInt32(DefaultQuanti ty), (amaMIN1[1] - (5 * TickSize)),@"SE");
}

[NinjaTrader_ChrisL]

Hello, thanks for writing in. Since your entry orders are using signal names, the Set methods should target the entries specifically e.g.
//SetStopLoss(string fromEntrySignal, CalculationMode mode, double value, bool isSimulatedStop)
SetStopLoss("LE", CalculationMode.Currency, Stop, false);
SetProfitTarget("LE", CalculationMode.Currency, Target, false);
SetStopLoss("SE", CalculationMode.Currency, Stop, false);
SetProfitTarget("SE", CalculationMode.Currency, Target, false);

The strategy will only reverse for you if you use market orders e.g. EnterLong()/EnterShort(). The resting orders will be ignored if there is an open position and the order is used to enter in the opposite direction. See the order handling rules here:

https://ninjatrader.com/support/help...andlingRulesTh atReduceUnwantedPositions

Specifically:
Methods that generate orders to enter a position will be ignored if:
A position is open and an order submitted by a set method (SetStopLoss() for example) is active and the order is used to open a position in the opposite direction

The strategy will need to wait for the open position to close using advanced order techniques, demonstrated here:

https://ninjatrader.com/support/helpGuides/nt8/NT%20HelpGuide%20English.html?using_onorderupdate_and_onexec.htm

[Balage0922]

Hi Chris, thanks for the info and resources. Can you please resend the last link? it returns page not found.

[NinjaTrader_ChrisL]

Hi, sorry about that, here is the link:

https://ninjatrader.com/support/helpGuides/nt8/NT%20HelpGuide%20English.html?using_onorderupdate_and_onexec.htm