LimitOrders and StopLoss/ProfitTargets

[alfyy]

It may be a rookie question so apologies but here it is.

Starting from a vrey simple strategy :

protected override void Initialize(){
     CalculateOnBarClose=true;
     EntryHandling=EntryHandling.AllEntries;
     EntriesPerDirection=10;
     SetStopLoss(CalculationMode.Ticks,stpTicks);
     SetProfitTarget(CalculationMode.Ticks,ptTicks);
}

protected override void OnBarUpdate(){
     if (way[0] == 1) EnterLong();
     else if (way[0] == -1) EnterShort();
     SetProfitTarget(CalculationMode.Ticks,ptTicks);
}

Everything works, stoploss,profits targets and positions in both directions.

However, if I work with limit orders

protected override void OnBarUpdate(){
     if (way[0] == 1) EnterLongLimit(Close[0]-ticksAway*TickSize);
     else if (way[0] == -1) EnterShort(Close[0]+ticksAway*TickSize);
     SetProfitTarget(CalculationMode.Ticks,ptTicks);
}

Then only one position works (the first of the day, then only entries in that same direction) - stoploss and profit targets fine for that direction.

All positions/trades from opposite direction are then disregarded, like there's some interference somewhere. How's that ?

[NinjaTrader_Matthew]

Hello,

When using Limit/Stop orders for Entry, there are some order handling rules you'll need to be aware of.

You can add TraceOrders = true to your Initialize() method and you can then view output which will tell you exactly why the order was ignored through Tools > Output window - TraceOrders

The Internal Order Handling Rules are listed on the following link:

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