Bug

[murfinp]

Hi

My strategy was trying to place a buy limit order and I got the message "Buy Stop or Buy Limit Orders cannot be placed below the market"

Surely a buy limit order HAS to be placed below the market ... It could not have been a buy stop order as my strategy only places buy limit orders

Any help or insight appreciated ...

Thanks

Paul

[NinjaTrader_Bertrand]

Hi Paul, could it be that you tried placing a StopLimit order below the market? If yes, try placing a regular limit order instead.

[murfinp]

Hi Paul, could it be that you tried placing a StopLimit order below the market? If yes, try placing a regular limit order instead.

Hi

I am only using EnterLongLimit & EnterShortLimit - they are correct for regular limit orders?

Thanks

[NinjaTrader_JoshP]

murfinp,

Please provide the exact code you are using. You need to submit at valid prices for any order type you submit.

[murfinp]

murfinp,

Please provide the exact code you are using. You need to submit at valid prices for any order type you submit.

Josh

Here you go ...

==================
protected void openLongs() {

double currAsk;
double prc;

flattenAll(false,"Open Longs");

currAsk = GetCurrentAsk();

stopLossPrice = currAsk - maxPosition*TickSize - TickSize*stopLossAdjustment;
SetStopLoss(CalculationMode.Price,stopLossPrice);
cancelOrdersPrice = currAsk + targetCancelOrders*TickSize;

for (int i= 1; i<= noOrders;i++) {
prc = currAsk -(i-1)*TickSize;
SetProfitTarget("BuyLimitOrder "+prc.ToString(),CalculationMode.Ticks,targetTicks );
listOpenOrders.Add(EnterLongLimit(0,true,1,prc,"Bu yLimitOrder "+prc.ToString()));
}

lastAction = ACTIONOPENEDLONGS;
}

[NinjaTrader_JoshP]

You need to ensure prc is a valid price. It likely is not. You can only buy at the ask or above, yet here you have outlined a price below the ask.

[murfinp]

You need to ensure prc is a valid price. It likely is not. You can only buy at the ask or above, yet here you have outlined a price below the ask.

Josh

It is a buy limit so it has to be at/below the ask??

Paul

[NinjaTrader_JoshP]

Pardon the typo, but what you have outlined is still erroneous. You are likely running on a liquid market where the time difference from when you calcualte the ask to when the order is submitted, the actual market price is now lower than what you submitted your limit at. You should not place orders so close to the inside market because of movement that can very quickly and easily make your orders invalid and rejected when they reach the brokerage/exchange.

[Ralph]

for (int i= 1; i<= noOrders;i++) {
prc = currAsk -(i-1)*TickSize;
SetProfitTarget("BuyLimitOrder "+prc.ToString(),CalculationMode.Ticks,targetTicks );
listOpenOrders.Add(EnterLongLimit(0,true,1,prc,"Bu yLimitOrder "+prc.ToString()));
}

Hi Paul,

not sure if you are aware of, but for int i = 1 you submit a limit order at the ask price. It is very close to the market.

Regards
Ralph

[murfinp]

Guys

Ok ... points taken .... thanks

Paul