NT Programming Question - Avoiding Re-entry?

January 9th, 2013, 11:45 PM

I was hoping someone could help me figure out how to program (if possible) a strategy using the NT Swing indicator that will not take the same trade twice.

In other words, If I want to enter a long when resistance is broken and I have programmed the strategy to place the buy stop above the swing high, how do I code for not re-entering at the same price if the trade moves beyond resistance a little bit and then trades back below the level, closing a bar that is now < the swing high and subsequently placing a new buy stop at the same price.

This is what I am starting with..

// Condition set 1
if (Close[0] < Swing(3).SwingHigh[0])
{
EnterLongStop(DefaultQuantity, Swing(3).SwingHigh[0] + 1 * TickSize, "Long");
}

Obviously the strategy is doing exactly what it is supposed to do when the price closes below a swing high it will plot a new buy stop.. The question is how to stop it from re-entering at the same price?

January 9th, 2013, 11:47 PM

Fibbee

I was hoping someone could help me figure out how to program (if possible) a strategy using the NT Swing indicator that will not take the same trade twice.

In other words, If I want to enter a long when resistance is broken and I have programmed the strategy to place the buy stop above the swing high, how do I code for not re-entering at the same price if the trade moves beyond resistance a little bit and then trades back below the level, closing a bar that is now < the swing high and subsequently placing a new buy stop at the same price.

I have attached a picture that will hopefully help...

Thanks,

January 10th, 2013, 04:52 AM

Quoting

// Condition set 1
if (Close[0] < Swing(3).SwingHigh[0])
{
EnterLongStop(DefaultQuantity, Swing(3).SwingHigh[0] + 1 * TickSize, "Long");
}

Try something like this:

// Condition set 1
if(CrossAbove(Close, Swing(3).SwingHigh),1)
{
EnterLongStop(DefaultQuantity, Swing(3).SwingHigh[0] + 1 * TickSize, "Long");
}

or

if(CrossBelow(Close, Swing(3).SwingHigh),1)
{
EnterLongStop(DefaultQuantity, Swing(3).SwingHigh[0] + 1 * TickSize, "Long");
}

maybe it works...

January 10th, 2013, 08:37 AM

No, that's just a different way of plotting the entry order but does nothing to stop the re-entry.

It must be less than/greater than so that the order is placed and standing before the break.

January 10th, 2013, 09:17 AM

Should keep from reentering if already in position,

&& Position.MarketPosition == MarketPosition.Flat

January 11th, 2013, 03:49 AM

@Fibbee: You can add the following code:

Code

protected override void Initialize()
{
     EntriesPerDirection = 1; 
     EntryHandling = EntryHandling.AllEntries; 
}

This will make sure that you will not enter long, if you are already long.

NT Programming Question - Avoiding Re-entry?

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NT Programming Question - Avoiding Re-entry?