Reverse at Stop

[monpere]

I would like to reverse my strategy position if my stop is hit. I don't rhink I 've seen any methods to do that. How do I know when my stop is hit, in order to issue the opposite order? What is the best way I can do this using the available Ninjascript functionality?

[NinjaTrader_JoshP]

Just place a EnterShortStop() order if you were long and it will automatically reverse you when the stop is hit.

[monpere]

Thanks,

How about reversing on a trail stop?

Just place a EnterShortStop() order if you were long and it will automatically reverse you when the stop is hit.

[NinjaTrader_JoshP]

Check for your position direction. If your trail stop is hit your position would be zero at that moment place a short order if you were long.

bool enteredLong = false;
if (Close[0] > Open[0])
{
     EnterLong();
     enteredLong = true;
}
if (enteredLong && Position.MarketPosition == MarketPosition.Flat)
{
     EnterShort();
     enteredLong = false;
}

[whitegun]

Revers trailing stop

Hello Josh,

I am also interested to know how to reverse a trailing stop but the code you posted does not work and I can not achive to make it work.
The strategy goes long all the time the trailing stop is trigered but never short.
I supose this happense because you declared the bool = false in OnBarUpdate so after the strategy goes Long and enterlong is set to = true, the next bar enterlong is again reseted to false (or am I wrong??), so the strategy goes always long.
I can not leave the bool without asigning a valuo but I also do not achive to asigne the bool corectly in Initialize (allways get the error, entered long does not exist in the current context), so I dont know haw to make it work.

Can someone help out please.

Check for your position direction. If your trail stop is hit your position would be zero at that moment place a short order if you were long.

bool enteredLong = false;
if (Close[0] > Open[0])
{
     EnterLong();
     enteredLong = true;
}
if (enteredLong && Position.MarketPosition == MarketPosition.Flat)
{
     EnterShort();
     enteredLong = false;
}

[NinjaTrader_JoshP]

Hi whitegun,

Your initial assessment is correct. I only threw out a general framework. You would normally want the bool in the "Variables" section of your code. This section is above the Initialize() method. Do

private bool enteredLong = false;

[rcsingleton]

Flatten All Positions ?

Under a strategy, is there any way to check for open positions; and if found, then flatten everything ?

Like..

if (Position.MarketPosition != MarketPosition.Flat)
{
.. Flatten everything !
}

Just curious.

[NinjaTrader_Ray]

There is no access to the account level position which is what I suspect you mean.