Bewilderment with EnterShortLimit .. Limit price can 't be smaller than current bid

[crmcwi]

Guys,

I don't know why the error is triggered.

Code:

if(SomeCondition) {
EnterShortLimit(50000, GetCurrentBid(), "shortBreakOut");
SetProfitTarget("shortBreakOut", CalculationMode.Price, Open[barsAgo] - profitThreshold);
SetStopLoss(CalculationMode.Price, Open[barsAgo]);
}

I get the error: "Limit price can't be smaller than current bid. Affected Order: SellShort 50000 Limit @ 1.4371"

Isn't the current bid returned by GetCurrentBid()?

[NinjaTrader_Bertrand]

crmcwi, yes it would return the Bid, in backtesting this would be substituted with the close then...are you running this on CalculateOnBarClose false or true?

[crmcwi]

Hi Bertrand,

Yes, I've got CalculateOnBarClose = true;

so, if GetCurrentBid() is returning the bid, and that's being used for my limit price, then why am I getting the error?

[NinjaTrader_Bertrand]

Thanks, because this will give you then the bid of the last on bar update (Calculate On Bar Close = true), so by the time it's placed the order is invalid.

[crmcwi]

Thanks, because this will give you then the bid of the last on bar update (Calculate On Bar Close = true), so by the time it's placed the order is invalid.

I should have thought of that. This is a simple crossunder entry. What is the solution in this case?

[NinjaTrader_JoshP]

You can switch CalculateOnBarClose to false. This would be effective during real-time only.

[crmcwi]

You can switch CalculateOnBarClose to false. This would be effective during real-time only.

ok, and just to be sure, as i'm comparing Close[0] to something in my conditional statement, bar[0] must close before the Enter() is processed?

if (Close[0] < somevalue) {

Enter();

}

[NinjaTrader_JoshP]

Not when you are using CalculateOnBarClose = false. It will process the tick it is submitted on.