Bracketing a range

[astrolobe]

I am struggling to bracket a range with two simultaneous orders, and I am not sure if I am violating one of the Internal Order Handling Rules.
At the top of the range I want to enter a EnterShortLimit order, and at the bottom of the range I want to enter a EnterLongLimit.
Is this possible?

thanks.

[NinjaTrader_JoshP]

You cannot have two simultaneous working entry orders in opposite directions. Choose one or the other. If price moves closer to the other order, cancel the first and submit the other.

[cunparis]

You cannot have two simultaneous working entry orders in opposite directions. Choose one or the other. If price moves closer to the other order, cancel the first and submit the other.

Do you have a code sample to do this? It makes a lot of sense. I'm currently running my strategy twice, once for long and once for short. Kind of a pain.

If i don't keep the stop orders live, could I just submit a new stop order for the direction closest to the current close?

let's say I bracket 10 and 20 and price is at 16 then for the next bar I submit buy stop at 20 and then next bar price goes to 14 I can submit a sell stop at 10?

Thanks

[NinjaTrader_Ben]

Hello,

I will have someone reply to you on Monday. Thank you for your patience.

[cunparis]

Do you have a code sample to do this? It makes a lot of sense. I'm currently running my strategy twice, once for long and once for short. Kind of a pain.

If i don't keep the stop orders live, could I just submit a new stop order for the direction closest to the current close?

let's say I bracket 10 and 20 and price is at 16 then for the next bar I submit buy stop at 20 and then next bar price goes to 14 I can submit a sell stop at 10?

Thanks

I was thinking of adding a 4 range chart and placing my orders on that. So that it'd always get triggered before the breakout. Doing this on a 1min might not work because the 1min bar could be really big and go from the bottom of the range to the top in 1min.

[NinjaTrader_Bertrand]

Unfortunately I'm not aware of a sample for this - for backtesting adding a finer chart would be needed - in realtime you could run your 1 min strategy on updating each tick (CalculateOnBarClose = false) and then monitor the last tick in relation to your set breakout range for placing the needed orders (would need to use liveUntilCancelled to not have orders auto expire at the next OnBarUpdate() then).