Concurrent Stop Orders?

[Serac]

I have found a response for NT6, but have found found an answer for NT7:

How do I have concurrent stop orders without NT ignoring the second order? For example, I have to invoke a long stop order and a short stop order. Eventually only one will be filled:

if (BooleanFlag)
{
EnterLongStop(price + offset);
EnterShortStop(price - offset);
}|

When I run something similar in NT7, the second stop order is ignored. In this case, the strategy only generates long stop orders. How do I do both?

[NinjaTrader_Joydeep]

Hello Serac,
Thanks for your post and I am happy to assist you.

You can place a buystop and a sell stop at the same time using the Unmanaged approach http://www.ninjatrader.com/support/h...d_approach.htm

You can also mark the orders as oco, so that if one gets filled the other will get cancelled. A basic code would look like

SubmitOrder(0,OrderAction.Buy,OrderType.Stop, 1, 0, Close[0] + 10 * TickSize, "EntryStopOCO", "BuyStopEntry" );

SubmitOrder(0, OrderAction.Sell, OrderType.Stop, 1, 0, Close[0] - 10 * TickSize, "EntryStopOCO", "SellStopEntry");

But please do ensure your broker too accepts buystop and sell stop order at the same time.

Please let me know if I can assist you any further.

[bltdavid]

I know this is an old thread, but shouldn't the 2nd call to SubmitOrder() be using OrderAction.SellShort?

[NinjaTrader_DaveI]

Hello,

That is correct. SellShort would be appropriate for an entry, and Sell would be appropriate for an exit.