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Exit Long() followed by Position check

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    Exit Long() followed by Position check

    I'm using OnMarketData to enter trades and only want one entry per direction. Below is pseudo code on how I want to implement it.

    Say I'm long and the condition to enter short is true. Could it be possible that ExitLong() doesn't exit my long "quick enough," and therefore Position.MarketPosition == MarketPosition.Flat evaluates to false?

    Thanks

    Code:
    protected override void OnMarketData(MarketDataEventArgs e){
    
          if (condition to enter short) {
    
               ExitLong();
    						
               if (Position.MarketPosition == MarketPosition.Flat){
                  //enter short
                }
           }
    }

    #2
    Yes, think that could be the case :::grimReaper:::, if you tied your entry to only a specific Level 1 event - though fill for a market exit should be quick for a liquid instrument (but certainly depends on instrument and time traded).
    BertrandNinjaTrader Customer Service

    Comment


      #3
      Thanks Bertrand, good to know. In any case it's a simple fix:

      Code:
      protected override void OnMarketData(MarketDataEventArgs e){
      
            if (condition to enter short) {
      						
                 if (Position.MarketPosition == MarketPosition.Short){
                    return;
                 } else {
                    ExitLong()
                    //and enter short
                  }
             }
      }

      Comment

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