One long order + one short order with "liveUntilCancelled=true" doesn't work

[chrismasterlu]

I have implemented two long orders with EnterLongStop and
liveUntilCancelled=true and it works. Both orders will be triggered while trading session, but if I add to the two long orders a short order with
liveUntilCancelled=true parameter the short order will never be executed. The Long orders comes first in source code. If i switch the position (short order first and then the long order), the long orders will never be executed.

At the output screen i got the message:
"Ignored PlaceOrder() method at 03.03.2009 10:00:00: Action=SellShort OrderType=Stop Quantity=500 LimitPrice=0 StopPrice=7,57 SignalName=Short Entry1' FromEntrySignal='' Reason='An Enter() method to submit an entry order has been ignore. Please search on the term 'Internal Order Handling Rules ..."

Why it doesn't work?

[NinjaTrader_JoshP]

chrismasterlu,

You cannot place simultaneous working orders in the opposite direction. Please see the Internal Order Handling Rules here: http://www.ninjatrader-support.com/H...tml?Overview36

[Trade1953]

Josh,
Is there no way around this? Lets say I'm trading a channel and want to place an Enter Above the Channel on a Stop and Enter Below the Channel on a Stop. (according to the Internal Handling Rules I can't do that, yet I can manually do it via OCO in Chart Trader.) When one gets hit, the other cancels.
If I can't use EnterStopLimit, any idea what I can use?
Thanks,
Joe

[NinjaTrader_JoshP]

Joe,

What a lot of our users do is just submit one order at a time. If the price moves closer to the other order the will cancel the first and submit the second. If price comes back towards the original, cancel the second, resubmit the original.

[zweistein]

chrismasterlu,


for thos purpose I split the strategy into 2 strategies, strategy1 handles the short case and strategy2 handles the long case.

Then I run both strategies at the same time.
Both Strategies open the respective positions and on the account the net position seems to correspond!

@ NT team,

could you please confirm this since I am doing above only since yesterday and I might be wrong

Andreas

[NinjaTrader_JoshP]

Andreas,

That is another approach many users like to use as well.

[chrismasterlu]

Zweistein, you're right. I did it how you said. But i want to backtest my strategy and so i have to do it twice. Once for the long side and once for the short side. but it work's.

[Trade1953]

Yeah, I've had the strategy running both of these ways. I would just like to submit both the EntryStop orders at the same time as OCO. Oh well... perhaps the Ninja coders will give us the ability to make a script that does everything we can do with chart trader one of these days.
Thanks.
Joe