Please help, problem with position reversal

[Papercut110]

Hello, please help solve the following problem, i want to make position reversal in my strategy. For example, the strategy put a limit order to sell at a certain price and the position was closed by stop, how to make the strategy placed an order to buy at a price higher than the previous entry point for a certain number of points?
Thank you in advance for your attention.

[NinjaTrader_AlanP]

Hello Papercut110,

Thank you for your note.

I have attached a script which will demonstrate how to do this.

The way it works is that after an entry signal is given, a long order is submitted, the orders IOrder id is saved to variable entryOrder, and a bool is set to true. Then under OnExecution the orders fill price is saved to variable entryOrder of IOrder type, which is then referenced by line 69 after line 67 becomes true. This will submit a buy stop order 10 ticks above the initial entry.

Please see the following reference example which covers using IOrder and OnExecution(),

http://ninjatrader.com/support/forum/showthread.php?t=7499

Please let us know if you need further assistance.

[Papercut110]

NinjaTrader_AlanP, thanks a lot, worked

but...could you please explain what do these lines

if(Close[0]!= Close[5] && firstEntryDone==false)

and

if(BarsSinceEntry()>15)
{
entryOrder = null;
ExitLong();
}

[NinjaTrader_AlanP]

Hello Papercut110,

The (Close[0]!= Close[5] is a generic condition which triggers true of the close of this bar is not equal to the close of 5 bars ago. firstEntryDone==false checks to make sure this block of code only runs once, for the purpose of demonstrating how the reversal would work.

The BarsSinceEntry>15 is another generic condition which would close any open position after 15 bars.

These conditions were really just place holders for your code as I was trying to demonstrate how you could do a reversal.

Please let us know if you need further assistance.

[Papercut110]

thank you very much, I understand