EnterLongStop market order problem

[Filip88]

Good afternoon,
I need a help please, my strategy does not let me enter on a price of previous candle using EnterLongStopMarket.

I honestly do not understand why, the entry order and price should be correct

entryOrder_1 = EnterLongStopMarket(0, false, 1,Open[1], "F1_entry" + a);

I have attached error message from output window and Log tab, bellow is my code.
CODE

        protected override void OnBarUpdate()
        {
              if (CurrentBar < 20)
               return;

    if (High[0] > High[1] && High[1] > High[2] && Low[0] > Low[1] && Low[1] > Low[2] & Open[0] > Close[2] & Open[0] < Close[0] & Open[2] < Close[2]  
              
     //&& Position.MarketPosition == MarketPosition.Flat
     //&& IsFirstTickOfBar
        //&& BarsInProgress == 0      
        )
    {    
    ++a;
        
        
    entryOrder_1 = EnterLongStopMarket(0, false, 1,Open[1], "F1_entry" + a);
        
     Draw.ArrowUp(this, "F1" + a, true, 0, Low[0] - TickSize, Brushes.Lime);
     
     barLong = CurrentBar;
 
    }          
        
        

  
    }

on state change

    protected override void OnStateChange()
        {
            if (State == State.SetDefaults)
            {
                Description                                = @"Sample  Using OnOrderUpdate() and OnExecution() methods to submit protective  orders";
                Name                                    = "audusdtest";
                Calculate                               = Calculate.OnBarClose; // Calculate.OnEachTick; // Calculate.OnBarClose
                EntriesPerDirection                     = 100;
                EntryHandling                           = EntryHandling.AllEntries;
                IsExitOnSessionCloseStrategy            = true;
                ExitOnSessionCloseSeconds               = 30;
                IsFillLimitOnTouch                      = false;
                MaximumBarsLookBack                     = MaximumBarsLookBack.TwoHundredFiftySix;
                OrderFillResolution                     = OrderFillResolution.Standard;
                Slippage                                = 1;
                StartBehavior                           = StartBehavior.WaitUntilFlat;
                TimeInForce                             = TimeInForce.Gtc;
                TraceOrders                             = true;
                RealtimeErrorHandling                   = RealtimeErrorHandling.StopCancelClose;
                StopTargetHandling                      = StopTargetHandling.PerEntryExecution;
                BarsRequiredToTrade = 10;
  }
  else if (State == State.Configure)
  {
  
  }

}

Does anybody know why it is not working?

Thank you

[NinjaTrader_AlanP]

Hello Filip88,

Thank you for your note.

Stop orders entered to close to the current bid/ask are going to be rejected by the broker/exchange, and even the SIM101 account in NinjaTrader is going to simulate this rejection.

Stop orders should be placed far enough from the current market so that by the time they hit the exchange, that stop price is not invalid. For example, last bars open was 50.50, current bid is 50.49 and current offer 50.50, you submit a EnterLongStop at 50.50, this would trigger the stop immediately and should have been sent as a market order, thus rejected.

If you swap,

 entryOrder_1 = EnterLongStopMarket(0, false, 1,Open[1], "F1_entry" + a);

for,

 entryOrder_1 = EnterLongStopMarket(0, false, 1,[B]Open[1]+5*TickSize[/B], "F1_entry" + a);

Or include logic to only submit the order if the current ask is more than 2-5 ticks below last bars open your order should be submitted. For example,

if(Open[1] - 5*TickSize > GetCurrentAsk())
 entryOrder_1 = EnterLongStopMarket(0, false, 1,Open[1], "F1_entry" + a);

See GetCurrentAsk,

https://ninjatrader.com/support/helpGuides/nt8/en-us/?getcurrentask.htm

Please let us know if you need further assistance.

[Filip88]

now i understand, thank you