Reverse Position

[cranky]

I am trying to develop a strategy where I can automatically open a position in the opposite direction of the existing trade, and close that position when there is no trade. Using MNQ DEC23 as an example, here is what I am trying to do:

1. Check if there is an open position (It can be of any instrument on that particular account).
2. If there is an open position, it should immediately open 1 MNQ DEC23 contract in the opposite direction to that of the open position. So, if the open position is LONG, the MNQ DEC23 contract should be SHORT, and vice versa.
3. If there is no position, the strategy should close the existing MNQ DEC23 position

Here is the code that I am using, but it doesn't so anything. What could be the problem.

namespace NinjaTrader.NinjaScript.Strategies
{
public class MultiInstrumentTest : Strategy
{
private Order entryOrder;

protected override void OnStateChange()
{
if (State == State.SetDefaults)
{
Description = "A simple strategy that opens a MNQ DEC23 contract in the opposite direction of the open position.";
Name = "MultiInstrumentTest";
}
else if (State == State.Configure)
{
AddDataSeries("MNQ DEC23", Data.BarsPeriodType.Minute, 5, Data.MarketDataType.Last);
}
}

protected override void OnBarUpdate()
{
if (Position.MarketPosition != MarketPosition.Flat)
{
if (Position.MarketPosition == MarketPosition.Long)
{
entryOrder = EnterShort(1, 1, "MNQENTRY");
}
else if (Position.MarketPosition == MarketPosition.Short)
{
entryOrder = EnterLong(1, 1, "MNQENTRY");
}
}
else
{
if (entryOrder != null && entryOrder.OrderState == OrderState.Filled)
{
ExitLong(1, 1, "MNQEXIT", "MNQENTRY");
ExitShort(1, 1, "MNQEXIT", "MNQENTRY");
entryOrder = null;
}
}
}
}
}

[NinjaTrader_Gaby]

Hello cranky,

Thank you for your post.

Since you added an additional data series, you'll need to add a check for if BarsInProgress == 1 to trigger the orders on the secondary series.

AddDataSeries -https://ninjatrader.com/support/help...dataseries.htm

BarsInProgress - https://ninjatrader.com/support/help...inprogress.htm

Please let me know if you have any other questions.