Err: order can`t be placed above the market

[vitaleg]

Hello.

Please explain me the situation - I have a couple of strategies runned in strategies tab. I`ve checked it an found that 3 of them were closed with an error: Sell stop or stop limit orders can`t be placed above the market. What is the problem?

[NinjaTrader_RyanM1]

Hello Vitalieg,

These strategies are submitting invalid orders. You will have to change so that sell stop or stop/limit orders are placed below the market. If you'd like to place orders in this area, then you would want to use limit orders.

[vitaleg]

Actually I do not understand. I have just added a stop losses to the strategy. Some copies works ok, some closes with this error.

[NinjaTrader_RyanM1]

Please share the code snippets that are submitting these orders.

[vitaleg]

Sure. I tried to realize the trailstop.

[NinjaTrader_RyanM1]

Hello Vitaleg,

You're using calculation mode price, so it's possible to submit at the wrong side of the market, leading to the messages you're getting.

I suggest using print statements to check the value of your stop losses. Variables lower, higher, and trailstop should all be checked to make sure they are what you expect.

Additional debugging help is available here:

http://www.ninjatrader.com/support/forum/showthread.php?t=3418

[vitaleg]

Thank you.