Enter() Method Problem

[John833]

Is it possible to have 2 orders working at the same time with NT?
I am trying to submit two EnterStopLimitOrders simultaneously one to buy above the market and one to sell below when certain conditions are met. I also want the orders to be cancelled within a couple of bars if orders are not executed, or when one of the orders is executed.
The problem when I run this, is only one order is submitted not 2, in the Log I get a message ‘An Enter() method to submit an order has been ignored’

Any idea where I am going wrong?

Thanks


private IOrder myEntryOrder1 = null;
private IOrder myEntryOrder2 = null;
privateint barNumberOfOrder = 0;
if # my conditions #
&& myEntryOrder1 == null
&& myEntryOrder2 == null)
{
myEntryOrder1 = EnterLongStopLimit(0, true, 1, 3, 1, "Buy");
myEntryOrder2 = EnterShortStopLimit(0, true, 1, -3, -1, "Sell");
barNumberOfOrder = CurrentBar;
}

[NinjaTrader_Ben]

Hello,


In NinjaScript you cannot have two orders open at the same time in opposite directions.

You will need to create a criteria to enter long and short depending on where price has moved to etc.

This link will help:

http://www.ninjatrader-support.com/HelpGuideV6/Overview36.html

[John833]

Hi Ben, thank you for your reply, however buy and sell EnterStopLimit orders are independent of each other.

Logically I would have thought a buy and sell StopLimitOrder could exist at the same time without conflict?

Are you sure there is no way round this?

[NinjaTrader_Ben]

Hello,

The only way around it is to have two strategies running seperately. However the strategies can't communicate with each other.

EnterLongStopLimit() and EnterShortStopLimit() are not allowed to work simultaneously because of the implications. Remember, in NinjaTrader Enter methods come with a "Close position" order if you already have a position in the opposite direction. Let us say your EnterLong partial filled and then your EnterShort started to part fill also. What happens for the "Close position" order that would trigger with the EnterShort now? Your final order position becomes unpredictable.

[John833]

Yes I see the issue, thanks for the explanation

Regards John

[nicknamed]

Woulnd't it help to have to orders: CloseAllShortPositions and CloseAllLongPosition?

[NinjaTrader_Ben]

Hello,

It would help to close all of the Long or Short working orders, so they do not conflict as mentioned. However you may want to use ExitLongLimit(), ExitLongStop(), or ExitLongStopLimit() for example:

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

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

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