Exceeded entry signals

[Sleeping Troll]

I am entering 3 orders, 2 banks and 1 runner. The banks are executed just fine however the runner returns the following trace statement.

5/14/2010 12:51:49 PM Ignored PlaceOrder() method at 5/14/2010 12:51:49 PM: Action=SellShort OrderType=Limit Quantity=1 LimitPrice=1130.75 StopPrice=0 SignalName='ShortRunner' FromEntrySignal='' Reason='Exceeded entry signals limit based on EntryHandling and EntriesPerDirection properties'

I have no entry handling or limit per direction set in my script... does anyone know what is up here?

[NinjaTrader_RyanM1]

Hello SleepingTroll,

These properties must be set somewhere but do not have to be written into the script necessarily.

When you run the strategy from the chart or from the control center you will have these settings available to set.

More information on these properties is available at the links below:
EntryHandling
EntriesPerDirection

[Sleeping Troll]

Thx, I think I have been confusing Entries with Order Quantity...
Have I got this right... Even though I am entering "LongBank" with a quantity of 2 and "LongRunner" with a quantity of 1, this constitutes 2 entries?

[NinjaTrader_RyanM1]

These two properties work closely together.

If those entries are unique (separate entry names), then you can have EntriesPerDirection set to 1 and EntryHandling set to unique entries. It will then allow one entry for each unique rule.

If EntryHandling is set to AllEntries, then it will accept entry signals up to the amount specified in EntriesPerDirection. If you have this set to 2, then it takes the first two entries regardless of signal name. In this case you could have two entries with the same signal name and it will not accept further entries until at least one of those is closed.

[Sleeping Troll]

Just to be clear, no matter the quantity of an order it is still just a single entry?

[NinjaTrader_RyanM1]

Yes, entry is defined by an enter statement, and regardless of quantity.

EnterLong(4000); is still one entry.

[Sleeping Troll]

Thanx!!!