EnterLong & ExitLongStop

[tinkerz]

I am using 3 long entries and 3 stops exits, I set a profit target in the Initialize section but nothing else

EnterLong(Long1aQTY,"Long 1a");
ExitLongStop(TRLLong1aseries[0],"Limit Exit Long 1a","Long 1a");

Yet its being rejected

The log screen is telling me there is no position to exit, but I have tied in the names?

Where is my error, I understand

14/05/2008 21:15:00 Entered internal PlaceOrder() method at 14/05/2008 21:15:00: BarsInProgress=0 Action=Buy OrderType=Market Quantity=10 LimitPrice=0 StopPrice=0 SignalName='Long 1a' FromEntrySignal=''

14/05/2008 21:15:00 Entered internal PlaceOrder() method at 14/05/2008 21:15:00: BarsInProgress=0 Action=Sell OrderType=Limit Quantity=0 LimitPrice=1369.00 StopPrice=0 SignalName='Limit Exit Long 1a' FromEntrySignal='Long 1a'

[NinjaTrader_RyanM1]

Tinkerz,

Best is to simplify until the strategy is at a point where you understand its behavior, and then add additional complexity like scaling in with multiple signal rules.

If you are at a point where you don't understand why a simple strategy does something, please post the strategy and steps to see the outcome you're seeing.

As we mentioned in the other thread you participated in today -- this is not offered as a debugging service. Any code samples need to be concise with no more than the minimum required to show the item you're concerned about.

If you are seeking a more personalized level of strategy debugging services, please consider contacting one of our 3rd party NinjaScript consultants:

http://www.ninjatrader.com/partners#NinjaScript-Consultants

[tinkerz]

I have simplifed the strategy to this

EntriesPerDirection = 1;


No initializing of stops

1 profit target

SetProfitTarget("Long 1a", CalculationMode.Ticks,10*4);

1 entry and set the trailing stop

if (Position.MarketPosition == MarketPosition.Flat)
{
EnterLong(Long1aQTY,"Long 1a");

TRLLong1aseries[0] = (Close[0] - TRLLong1a);
}

move the trailing stop upwards only

if (Position.MarketPosition == MarketPosition.Long)
{

if (Close[0] > TRLLong1aseries[1] && Close[1] > TRLLong1aseries[1])
Print(TRLLong1aseries[0] +"//"+Close[0]+"//"+CurrentBar+"//"+ToDay(Time[0]));

ExitLongLimit(TRLLong1aseries[0],"Limit Exit Long 1a","Long 1a");

}

Debug using the output with to check the limit order is lower that in entry
1366.14228285447
1385.5

Yes its lower

Definition:
Generates a sell stop order to exit a long position.





29/05/2008 21:15:00 Entered internal PlaceOrder() method at 29/05/2008 21:15:00: BarsInProgress=0 Action=Buy OrderType=Market Quantity=10 LimitPrice=0 StopPrice=0 SignalName='Long 1a' FromEntrySignal=''
1366.14228285447//1400.5//103//20080530

30/05/2008 21:15:00 Entered internal PlaceOrder() method at 30/05/2008 21:15:00: BarsInProgress=0 Action=Sell OrderType=Limit Quantity=0 LimitPrice=1366.25 StopPrice=0 SignalName='Limit Exit Long 1a' FromEntrySignal='Long 1a'
30/05/2008 21:15:00 Ignored PlaceOrder() method at 30/05/2008 21:15:00: Action=Sell OrderType=Limit Quantity=0 LimitPrice=1366.25 StopPrice=0 SignalName=Limit Exit Long 1a' FromEntrySignal='Long 1a' Reason='An Exit() method to submit an exit order has been ignore. Please search on the term 'Internal Order Handling Rules' in the Help Guide for detailed explanation.'

**NT** An Exit() method to submit an exit order at '30/05/2008 21:15:00' has been ignored. Please search on the term 'Internal Order Handling Rules' in the Help Guide for detailed explanation.

[tinkerz]

Well its seems initalizing the profit target and ExitLongStop dont go together

Why is that I read no text about a conflicting exits?

[NinjaTrader_RyanM1]

Thanks for the strategy and additional information, Tinkerz. Yes, you are running into internal order handling rules. You can read more about this here (bottom section):

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

This is the one you're seeing:
Methods that generate orders to exit a position will be ignored if:
• A position is open 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
• A position is open and an order submitted by a set method (SetStopLoss() for example) is active