Semi-automatic strategy

[AsterixBT]

Hey, I am developing a strategy and I have a question.
The sole purpose of the strategy is getting me in the market as soon as possible when certain conditions are met, and from there on I want to be able to manage my order the way I want. Then when I exit the market I want the strategy to be 'back on track' and keep monitoring the market for additional entries.

The issue I experience is the following:
- When I exit the market (manually), the strategy position remains unchanged.
ex. Long condition was met, I entered the market long, then went out of it manually. Account Position: Flat, Strategy Position: Long
I tried manually setting Strategy's position to flat through the code, but still Unrealized PnL is being calculated and when a signal for the opposite direction is received then the strategy gets 'Flat', because there were lots remaining.
Other thing I've tried was - keeping my 'Order' referrence in a variable

[...]
if(PositionAccount.MarketPosition == MarketPosition.Flat && PositionAccount.MarketPosition != Position.MarketPosition) {
	Position.MarketPosition = MarketPosition.Flat;
	CancelOrder(latestOrder);
}

This doesn't really cancel the order (because it was closed before by me), the strategy is being considered in Sync with the account right now.

What method should I go for to accomplish the desired result?
Should I stick with Managed Order Execution or maybe I should go for Unmanaged?
Or perhaps I should consider exploring ATM Strategy methods and rework my logic using them?


Best regards, Martin.

[NinjaTrader_PaulH]

Hello AsterixBT,

Thanks for your post.

Based on your description I recommend using the ATM methods and properties through Ninjascript as this will allow the strategy to find and enter the orders then turn profit/loss control over to an ATM (template) that you can then manually adjust on the fly as you wish. Once the profit or stop is filled the strategy can then look for the next order.

Please review the strategy "SampleATMstrategy" in your NinjaTrader strategies as this is the best-documented code for demonstrating the concept. You can test and build upon the code if you wish. To test the sample, you would need to create an ATM and save it with the specific name of: "AtmStrategyTemplate".

In addition to the documented code sample, here is a link to the ATM methods and properties in the NT8 helpguide: https://ninjatrader.com/support/help...gy_methods.htm

Please note that with the use of an ATM in the script, you would not be able to backtest in the strategy analyzer. You would be able to use with Playback/Market replay data.