IOrder OrderAction Type Question

[freewind]

Hi,

In the OrderAction we have the following values:
OrderAction.Buy
OrderAction.BuyToCover
OrderAction.Sell
OrderAction.SellShort

Why we don't have OrderAction.SellToCover?
To be clear OrderAction.BuyToCover is corresponding to ExitShort() Order?
What is the corresponding order for OrderAction.SellShort ?

This is not very well documented.

Thanks!

[koganam]

Hi,

In the OrderAction we have the following values:
OrderAction.Buy
OrderAction.BuyToCover
OrderAction.Sell
OrderAction.SellShort

Why we don't have OrderAction.SellToCover?
To be clear OrderAction.BuyToCover is corresponding to ExitShort() Order?
What is the corresponding order for OrderAction.SellShort ?

This is not very well documented.

Thanks!

That is just a matter of current convention. By convention, we do not say: "sell to cover"; we only "cover" shorts. When you "buy", you exit with a "sell": when you "sell short", you "buy to cover". The order action reflect these conventions.

The actual market order to exit depends only on the position. You exit buys with ExitLong(): you exit short sells with ExitShort(). If you want a correspondence to OrderAction:

EnterLong() generates OrderAction.Buy
ExitLong() generates OrderAction.Sell
EnterShort() generates OrderAction.SellShort
ExitShort() generates OrderAction.BuyToCover

Orders correspond to intent. This just makes intuitive sense.

[NinjaTrader_PatrickH]

Hello freewind,

Thank you for your post.

Koganam is correct in his response.

Please let me know if you have any questions.