Resetting a Long Limit?

[timmbbo]

I'm having difficulty resetting a long limit. In my code, I set a default profit target, that's a ways off. Then, after I'm in a trade, and after a moderate gain and the market starts to go against my trade, I want to reset the profit target, to get out with my moderate gain. My psuedo-code is:

SetProfitTarget(12 ticks)
EnterLongLimit(At current market price)
....
If (Current Gain is at least 4 ticks AND Market starts to go against my trade) {
ExitLongLimit(At the current market price)
}

However, the ExitLongLimit never executes. I can do an ExitLong successfully, but not an ExitLongLimit. The order doesn't complete, until either the ProfitLimit or StopLoss is hit.

Your thoughts? Thanks,.

[NinjaTrader_Jim]

Hello timmbbo,

Thanks for opening the thread.

Can I confirm that you are using the liveUntilCancelled overload for ExitLongLimit()? If you are not using this overload, the order will only be valid for the next bar that the order is placed.

I will provide reference links to publicly available resources on using this overload.

ExitLongLimit(int barsInProgressIndex, bool liveUntilCancelled, int quantity, double limitPrice, string signalName, string fromEntrySignal)

https://ninjatrader.com/support/helpGuides/nt7/zordertype.htm?exitlonglimit.htm

This is further described in the Advanced Order Handling section of the Managed Approach documentation - https://ninjatrader.com/support/help...r_handling.htm

I would also advise to debug with TraceOrders to monitor and debug your order submissions.

TraceOrders - https://ninjatrader.com/support/foru...ead.php?t=3627

If there is anything else I can do to assist, please let me know.