ExitLongStop

[Antony]

Hi All,

I have the following error on back testing on my code.

**NT** An Exit() method to submit an exit order at '04-01-2011 10:15:00 AM' has been ignored. Please search on the term 'Internal Order Handling Rules' in the Help Guide for detailed explanation.

The problem is stop loss order not executing on backtesting.

The following entryorders EnterLong, EnterlongLimit, EnterShort, EnterShortLimit on same strategy and following exitorders ExitLongStop for long stoploss, ExitShortStop for short stoploss and SetProfitTarget for profit.

I would like to know how we can come out of this situation?

Antony

[NinjaTrader_Matthew]

Hello,

This issue is likley coming from using SetProfitTarget when using ExitLongStop. Please review our Order Handling Rules:

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?managed_approach.htm

Methods that generate orders to exit a position will be ignored if:

•A position is open and an order submitted by an enter method (EnterLongLimit() for example) is active and the order is used to open a position in the opposite direction

•A position is open and an order submitted by a set method (SetStopLoss() for example) is active

SetStopLoss() is just used an example, however SetProfitTarget() can trigger this violation as well. You will need to use another Exit method for your profit target, or use both SetStopLoss and SetProfitTarget together (which will be inheritancely OCO used togther)

[Antony]

Hi All,

I have the following error on back testing on my code.

**NT** An Exit() method to submit an exit order at '04-01-2011 10:15:00 AM' has been ignored. Please search on the term 'Internal Order Handling Rules' in the Help Guide for detailed explanation.

The problem is stop loss order not executing on backtesting.

The following entryorders EnterLong, EnterlongLimit, EnterShort, EnterShortLimit on same strategy and following exitorders ExitLongStop for long stoploss, ExitShortStop for short stoploss and SetProfitTarget for profit.

I would like to know how we can come out of this situation?

Antony

Hi All,

I have the following error on back testing on my code.

The problem is stop loss order not executing on backtesting.

The following entry orders EnterLong, EnterlongLimit, EnterShort, EnterShortLimit on same strategy and following exitorders ExitLongStop for long stoploss, ExitShortStop for short stoploss.

If entry and exit condition satisfied on same bar then entry order executed. But exit order not executed.

I would like to know how we can come out of this situation?

Antony

[NinjaTrader_Bertrand]

Hi Antony, as Matthew posted you're running into the order handling rules here - please try abandon the one Set() method in your setup and work directly with an ExitLongLimit for example for the Long target, if needed you could cancel order this then directly and issue your other order, this would then not get caught in the order handling rules, for explicit order cancellation using IOrders, please see this link :

http://www.ninjatrader.com/support/helpGuides/nt7/cancelorder.htm

[Antony]

Entry and exit on same bar

If entry is taken on a bar and the same bar target or stoploss reached, but exit orders not executed. I can use only ExitLongLimit and ExitLongStop.

Any suggestion?, Sample Code?

if (Position.MarketPosition == MarketPosition.Flat)
{
EnterLong(1, "");
justLEntered = true;
}
if (Position.MarketPosition == MarketPosition.Long && justLEntered == true)
{
LStopV = Position.AvgPrice - (initialStop*0.25);
justLEntered = false;
}

if (Position.MarketPosition == MarketPosition. Long)
{
If (LStopV > 0) ExitLongStop(LStopV);
}

Error message is

**NT** A Sell stop order placed at '10-08-2011 9:00:00 AM' has been ignored since the stop price is greater than or equal to close price of the current bar. This is an invalid order and subsequent orders may also be ignored. Please fix your strategy.

Here long entry taken at open of the bar and the same bar price has broken the stoploss.

Any error on code?

Please Help…

Antony



Thanks,

Antony.

[emmahudson88]

Hi Antony, as Matthew posted you're running into the order handling rules here - please try abandon the one Set() method in your setup and work directly with an ExitLongLimit for example for the Long target, if needed you could cancel order this then directly and issue your other order, this would then not get caught in the order handling rules, for explicit order cancellation using IOrders, please see this link :

http://www.ninjatrader.com/support/h...ancelorder.htm

Such a very amazing link!
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