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IOrder Stop & Reverse Cancel Catch 22?

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    IOrder Stop & Reverse Cancel Catch 22?

    Hi,

    Do I understand this correctly?

    1. My current position is Long 1 from a resting EnterLongStop( ... ) order.
    2. I've placed ExitLongStop( ... ) & ExitLongLimit( ... ) stop and profit orders.
    3. A Stop and Reverse situation arises, and I cancel my stop and profit orders.
    4. I place a resting EnterShortStop( ... ) order, but is never reached.
    5. I cancel the resting EnterShortStop( ... ) order.
    5. I try to replace my original stop and profit orders.
    6. Error...Not possible.

    So if I wish to enter Short, I must cancel existing orders, but if I cancel them, they are gone for good?

    Do you have a suitable workaround?

    It would be great to get an example of a Stop and Reverse strategy in the samples
    Last edited by un$ane; 06-21-2009, 03:43 PM.

    #2
    un$ane,

    Unfortunately this is a bug right now where once you cancel a stop you cannot resubmit it. What you can do is break it up into two orders. Modify your stop to be around where you wanted to stop and reverse. Once you stop out, send the EnterShort to reverse.
    Josh P.NinjaTrader Customer Service

    Comment


      #3
      Thanks for the reply Josh.

      So just to make sure I'm on the right track...

      Continuing with the above senario, I should place a Short market order once I confirm the Stop is filled in the OnOrderUpdate event?

      Since it looks like we have to wait till the 4th quarter for a possible NT7 release, any chance one of you guys can take 15mins or so and provide this as an example for reference?

      It would probably save you time in answering these questions

      Comment


        #4
        un$ane,

        That would be the approach I would take. Thank you for the suggestion on the reference sample.
        Josh P.NinjaTrader Customer Service

        Comment

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