Limit and stop entries

[starrynight]

I looked in past threads and cant find an answer to this question .

Simply , will a limit or stop order entry be cancelled if its not filled on the next bar after the signal triggers ? I've ben forward testing my strategy against live data entering with a market order and am looking for better fills .This is with a ninjascript strategy .

If so , can I set it up so the ( limit or stop entry ) order will stay active a set number of bars , until it fills or another signal occurs ? Can I do it with the wizard ?

[NinjaTrader_JoshP]

Yes, they will cancel. If you do not keep it alive by resubmitting on the next bar they will cancel. If you want to keep it alive for x bars, keep resubmitting.

Please read the "Order Submission for Entry and Exit Methods - Basic Operation" section of this article: http://www.ninjatrader-support.com/H...verview36.html

[starrynight]

Thanks , also if I run a strategy against live data that enters with a stop order to enter , will the chart NOT show the signals from before the point I load the strategy on the chart ?

I ask that because when I load a strategy against live data that enters with a market order , the signals and trades that occured before I loaded the strategy show up on the chart with the entries being the closing price ( minus the slippage I factored in ) of the bar that the signal occurs .

[NinjaTrader_JoshP]

Not sure what you mean. When you load a strategy onto a chart it will show all prior simulated trades.

[starrynight]

Maybe I dont have it set up right . What I'm trying to do is - IF fast MA crosses below slow MA THEN enter short position with a stop order - stop price is the fast MA .

I want it to enter with astop order if price hits the fast MA after the crossover condition is met .

[NinjaTrader_JoshP]

Right. So you need to keep your orders alive by resubmitting. For sure your orders will cancel because the cross condition is only true for one bar. You should have it set a flag variable to true when the cross happens instead.

Untested code

if (CrossBelow(SMA(Fast), SMA(Slow), 0))
{
     flagVariable = true;
}

if (flagVariable == true)
{
     EnterShortStop(SMA(Fast)[0]);
}

if (Position.MarketPosition == MarketPosition.Short)
{
     flagVariable = false;
}

[starrynight]

Thanks for that Josh . One more question , I want to enter 2 units and have two seperate profit targets and stops , can I accomplish this using the wizard and how ?

[NinjaTrader_JoshP]

You will need to call EnterLong twice. Use two separate entry signal names and then match them accordingly with two sets of stops/targets in the Strategy Wizard.

[starrynight]

I'm trying to enter two units at the same time ( same signal ) . I Call enter long two seperate times in the same actions box , name one "1" and the other "2" but only "1" enters .

[NinjaTrader_JoshP]

When you run your strategy you need to increase your EntriesPerDirection allowance.

[starrynight]

That was easy thanks !