Reversing Position in the same OnBarUpdate()

[seanhughes16]

My strategy requires the ability to immediately reverse its position within the same OnBarUpdate.

Per the Managed Orders documentation I should just be able to call the reversing order method and it should generate two orders, the first to close the existing position
and the second to open the position in the opposite direction. Like this:

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

if (CurrentBars[0] < 1)
return;

if(CurrentBar < BarsRequiredToTrade)
return;


// Set 1
if(//logic for going up here) //going up
{
if(Position.MarketPosition == MarketPosition.Flat)
{
//this works perfect the first pass through
SetStopLoss(@"LongEntry", CalculationMode.Ticks, 12, false);
SetProfitTarget(@"LongEntry", CalculationMode.Ticks, 6);
EnterLongLimit(Convert.ToInt32(DefaultQuantity), GetCurrentAsk(0), @"LongEntry");
return;
}
else if(Position.MarketPosition == MarketPosition.Short)
{
//I know for a fact that I have been short and this fails to reverse my position
SetStopLoss(@"LongEntry", CalculationMode.Ticks, 12, false);
SetProfitTarget(@"LongEntry", CalculationMode.Ticks, 6);
EnterLongLimit(Convert.ToInt32(DefaultQuantity), GetCurrentAsk(0), @"LongEntry");
return;
}
}

// Set 2
if(//logic for going down here) //going down
{

if(Position.MarketPosition == MarketPosition.Flat)
{
//this works perfect the first pass through
SetStopLoss(@"ShortEntry", CalculationMode.Ticks, 8, false);
SetProfitTarget(@"ShortEntry", CalculationMode.Ticks, 20);
EnterShortLimit(Convert.ToInt32(DefaultQuantity), GetCurrentBid(0), @"ShortEntry");
return;
}
else if (Position.MarketPosition == MarketPosition.Long);
{
//I know for a fact that I have been long and this fails to reverse my position
SetStopLoss(@"ShortEntry", CalculationMode.Ticks, 8, false);
SetProfitTarget(@"ShortEntry", CalculationMode.Ticks, 20);
EnterShortLimit(Convert.ToInt32(DefaultQuantity), GetCurrentBid(0), @"ShortEntry");
return;
}
}

}

What am I doing wrong?

[KonstantinosNT]

You can't be LONG and SHORT at the same time.
That strategy sample tries to open a Short position while you are Long, whithout closing the Long position before that.
If you entered such a position you would end up being LONG and SHORT at the same time.
You should first close or exit the existing Long or Short position, and then open the new reverse position (Short or Long).

[seanhughes16]

Thank you for that reply.

The logic will only be EVER true on that bar update for one of the two sets, either the long signal or the short signal.

The issue at hand is that if the strategy is already in a long position from 2 bars earlier and suddenly the short signal appears, I need to immediately
reverse my position IN THE SAME bar. When I replace the logic above with ExitLong or ExitShort it will close the position for sure but then waiting for the next signal on some other bar is not what the math says needs to happen. The switch needs to happen right then and there.

[KonstantinosNT]

If you have calculate=on.each.tick , then the switch will happen on the next tick, a fraction of a second later

[FutureDragon]

I think the wait is because you are trying to enter limit order, and the order system has to wait for the price to touch the limit price.. Try enter market order, EnterLong, EnterShort.

[NinjaTrader_ChelseaB]

Hello seanhughes16,

Be sure to enable TraceOrders and provide output from TraceOrders and prints so we can assist with analyzing the behavior.

https://ninjatrader.com/support/forum/forum/ninjatrader-7/strategy-development-aa/99209-date-conditions-not-working?p=791121#post791121

If there is a working limit or stop order (meaning the first entry has not yet filled and the position is still flat) any orders working orders placed in the opposite direction will be ignored.

https://ninjatrader.com/support/helpGuides/nt8/index.html?managed_approach.htm#InternalOrderHandlingRulesThatReduceUnwantedPositions

Further, as you are doing intra-bar stuff, for this to work historically both TickReplay must be enabled and 1-tick intra-bar granularity must be implemented for accurate order fills.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/strategy-development/94098-isfirsttickofbar-vs-onbarclose-for-backtest-live?p=773377#post773377