Rejected Order - Sell stop limit orders can't be placed....

[TradingDreamer]

I don't understand why placing the type of order shown below would be rejected.

Ninja script:

EnterShortStop(1, 1000.75, "ESSell");

If the market price is 1000, I would be selling at 1000, and I would like to place a stop at 1000.75.

Error Message:
Rejected: Sell stop or sell stop limit orders can't be place above the market.

[NinjaTrader_Bertrand]

TradingDreamer, you place a Sell Stop Market Order, not a Sell Stop Limit order you would need to place for this -

EnterShortStopLimit is the method you need.

[TradingDreamer]

Thanks, it makes sense now! User error.

[TradingDreamer]

I still don't understand all the parameters. I want to sell at market price and place a limit stop order at the same time.

EnterShortStopLimit(int quantity, double limitPrice, double stopPrice,string signalName)

Why do I need to enter the limitPrice? It should be at market. I am placing an order, I don't necessarily know the market price I will get. I understand quantity, stopPrice and signalName, but why do I have to provide a limitPrice.

[NinjaTrader_Bertrand]

Sorry, then I misinterpreted what you were looking for - you would the place the EnterShortStop order at your entry price (for example the 1000), but you would need to check when you submit the order that it's a valid one, so price is above 1000 the moment you submit it in this example case here.

For the limit exit, you would need to add a SetProfitTarget to your strategy -

http://www.ninjatrader-support.com/HelpGuideV6/SetProfitTarget.html