ExitLimit order & Enter limit order

[rfsettling]

Hello.

I need to implement algorithm:

1. Enter position
2. Set take profit position with Limit Order
3. At the same level where TP is placed I need to rest opposite limit order

For example:

EnterLong(1);
//Take profit
ExitLongLimit(Close[0] + 100 * TickSize);
//As soon as take profit is reached I open opposite short position
EnterShortLimit(Close[0] + 100 * TickSize);

NT ignores my short limit and sends me to internal order handling rules. I understand that it is prohibited to open short limit having long position. But how to solve this

[NinjaTrader_AlanP]

Hello Rfsettling,

Instead of using ExitLongLimit, you could use EnterShortLimit for 1 contract, which when you’re long will work a 2 lot offer, and will leave you net short.

http://ninjatrader.com/support/helpGuides/nt8/en-us/?entershortlimit.htm

Please let us know if you need further assistance.

[rfsettling]

Hello Alan

Thank you for reply. Sounds good. I'll try