EnterLongStop Behavior

[Beauregard]

Hi
In my strategy I have a trigger which submits an EnterLongStop. Example Data
18.4.2011 Close=2000
19.4.2011 Close=2020
20.4.2011 Close=2030
On 18.4 the trigger ist activated and I sumbit EnterLongStop(2000). I am testing on a daily basis, this means that any order I submit will be executed the following day.

I get this error:**NT** A Buy order placed at '21.01.2000 17:30:00' has been ignored since the stop price is less than or equal to the close price of the current bar. This is an invalid order and subsequent orders may also be ignored. Please fix your strategy.

Since this is the following day, I do not understand why NT does not allow the EnterLongStop above? It has no connection to the current bar data, it should simple become active the day after.

thanks for any feedback
andre

[NinjaTrader_Brett]

Hello,

Thanks for the note.

You would need to put in a delay, so that it executs a day later. Since the backtest or sim101 live runs on only the OHLC data and the order works from the time its submitted you get this error since you can't subit and order = to last price. Since it is submitted at the close of the bar it has to take the close of the current bar into consideration.

So you need to first check is the Close[0] <= Stopprice. Then add some tick value to get it above the current close price so that you dont get this error. Or delay the triggering of the order by one bar. For example if the following is true for your entry condition set some variable to true. Then in the next OnBarUpdate do your EnterLongLimit() for example.

Let me know if I can be of further assistance.