Closing a long, and reversing

[nicbizz]

Hello,

I'm running into some "Internal Order Handling" errors that I hope someone can help with suggestions.

My entry long code is as follows:

    
longEntryPrice = Close[0];
longStopPrice = hanick.SignalPrice[0];
                    
longEntry1 = EnterLongLimit(0, true, tradeSize, longEntryPrice, "LE1");
longEntry2 = EnterLongLimit(0, true, tradeSize, longEntryPrice, "LE2");
SetStopLoss("LE1", CalculationMode.Price, longStopPrice, false);
SetStopLoss("LE2", CalculationMode.Price, longStopPrice, false);

Instead of a set profit target, my strategy calls for an exit and a reversal to short once a specific criteria is met.

I've coded my exit/reverse code as follows:

ExitLong("ExLong2","LE1");
ExitLong("ExLong1", "LE2");
                
shortEntry1 = EnterShortLimit(0, true, tradeSize, Close[0], "SE1");
shortEntry2 = EnterShortLimit(0, true, tradeSize, Close[0], "SE1");

Both the EnterShortLimit() will not place due to Order Handling Rules. Now, I understand there are some restrictions in place when it comes to using the Managed Approach. In my case, is there any way to "trick" NT into doing what I want it to do? (Perhaps using a different algo to set stops, etc.). I would REALLY like to avoid using the Unmanaged Approach if at all possible.

Any help would be appreciated.

Regards,
Nick

[koganam]

Hello,

I'm running into some "Internal Order Handling" errors that I hope someone can help with suggestions.

My entry long code is as follows:

    
longEntryPrice = Close[0];
longStopPrice = hanick.SignalPrice[0];
                    
longEntry1 = EnterLongLimit(0, true, tradeSize, longEntryPrice, "LE1");
longEntry2 = EnterLongLimit(0, true, tradeSize, longEntryPrice, "LE2");
SetStopLoss("LE1", CalculationMode.Price, longStopPrice, false);
SetStopLoss("LE2", CalculationMode.Price, longStopPrice, false);

Instead of a set profit target, my strategy calls for an exit and a reversal to short once a specific criteria is met.

I've coded my exit/reverse code as follows:

ExitLong("ExLong2","LE1");
ExitLong("ExLong1", "LE2");
                
shortEntry1 = EnterShortLimit(0, true, tradeSize, Close[0], "SE1");
shortEntry2 = EnterShortLimit(0, true, tradeSize, Close[0], "SE1");

Both the EnterShortLimit() will not place due to Order Handling Rules. Now, I understand there are some restrictions in place when it comes to using the Managed Approach. In my case, is there any way to "trick" NT into doing what I want it to do? (Perhaps using a different algo to set stops, etc.). I would REALLY like to avoid using the Unmanaged Approach if at all possible.

Any help would be appreciated.

Regards,
Nick

There have been some pretty long, and sometimes not very pleasant threads on this issue. You might want to take a look at these two, where admittedly, I am one of the major protagonists:

http://www.ninjatrader.com/support/forum/showthread.php?t=39971

http://www.ninjatrader.com/support/forum/showthread.php?t=43855

[nicbizz]

Thanks Koganam,

In the end, I bit the bullet and went with Unmanaged. It was simply too much trouble sequencing orders through IExecution.

-Nick