Managed Buy and Sell Lmt - cant place both?

[RedRock]

Hello,

Am attempthing to write a fairly simple strategy which upon starting and obtaining data for the close ie last current tick... Places a buylmt below and a sell limit above that obtained price offset a few ticks. Pretty much like fading a band system...

In OnBarUpdate

if (Variable0 == 1)
{
EnterShortLimit(Variable5,"S");
EnterLongLimit(Variable6,"B");
}

What happens is that only the first order is placed Short in the above example. If the sell is placed first, only it is placed.

What I wanted, is to B/S at these points indefenitly until another condition is true.

When the active order is filled, then an oposing exit and entry order are placed.

OK, But I want to have both the buy and sell limit order live at startup.

Is this possible using the managed aproch and if so what am I doing wrong?

TIA
rr

[NinjaTrader_RyanM1]

Hello rr,

Thanks for the post.

You can see messages related to strategy order submission by adding TraceOrders = true; to your Initialize() method.

Your results are expected with the managed order system. Please see here for our Internal Order Handling rules. I have excerpted the rule you're running into.
Methods that generate orders to enter a position will be ignored if:

• A position is open and an order submitted by an exit method (ExitLongLimit() for example) is active and the order is used to open a position in the opposite direction
• A position is open and an order submitted by a set method (SetStopLoss() for example) is active and the order is used to open a position in the opposite direction
• The entry signal name is not unique
• The strategy position is flat and an order submitted by an enter method (EnterLongLimit() for example) is active and the order is used to open a position in the opposite direction

We introduced an unmanaged order entry system in version 7 that allows you to submit both long and short orders at the same time. Please see here for an introduction to unmanaged strategyes.

http://www.ninjatrader.com/support/helpGuides/nt7/unmanaged_approach.htm

[RedRock]

Ok... Time to take off the training wheels :-)

Thanks