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Close position when EMA equals entry price
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Close position when EMA equals entry price

  #1 (permalink)
Trading Apprentice
Amsterdam
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Forex
 
AquaLife's Avatar
 
Posts: 3 since Oct 2014
Thanks: 1 given, 0 received

Close position when EMA equals entry price

Hi all,

I'm currently working on my first automated strategy and I'm having some problems with the following;

When the EMA is equal to the entry price --> Close position at market.
Im currently using the following coding, but I cant figure out why it doesn't work. Note that I don't get a coding error, but when I use the strategy analyser, the position is closed out on a different spot.

if (EMA(100)[0] == Position.AvgPrice);
{
ExitShort(0, 30000, "ExitEMAShort", "");
}

As you can see in the attached picture, the position is closed out only a few bars after the entry while the EMA is not near the entry price and I can't figure out why it closes the position at this specific price.
Could anyone help me out with this?

Thanks in advance!

Dennis

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Close position when EMA equals entry price-clarification.png  
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  #2 (permalink)
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  #3 (permalink)
Elite Member
Newcastle, Australia
 
Futures Experience: Intermediate
Platform: Multicharts 8 - Full Version
Broker/Data: IB
Favorite Futures: SPI,FTSE100, 6E, 6A
 
Posts: 285 since Oct 2010
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Try removing the semicolon on the end of the if statement line.
Also don't use == but use <= the price will never be exactly the same.

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  #4 (permalink)
Trading Apprentice
Amsterdam
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Forex
 
AquaLife's Avatar
 
Posts: 3 since Oct 2014
Thanks: 1 given, 0 received

Thanks, it works now! The sollution is so simple. Now you notice I'm a beginner in coding ninjatrader strategy's.

I'm sure I will be comming with more questions. Is it best to create 1 topic with different questions as they arrise, or should I make a topic for each subject?

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  #5 (permalink)
Elite Member
Newcastle, Australia
 
Futures Experience: Intermediate
Platform: Multicharts 8 - Full Version
Broker/Data: IB
Favorite Futures: SPI,FTSE100, 6E, 6A
 
Posts: 285 since Oct 2010
Thanks: 108 given, 177 received

Which ever. Just hope someone responds.

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