NonStopping Stop Loss??!!

[cocopod]

Hello,

I am using an Unmanaged approach in NinjaScript to create an OCO order. This process works and the Submit order code is pasted below in Code 1


***************** Code 1 *******************

longOrder = SubmitOrder(0, OrderAction.Buy, OrderType.StopLimit, 1, tickPrice +3 * TickSize, tickPrice +3 * TickSize, String.Format("Oil" + qty), "long limit entry");

***************** End of Code 1 *******************


In the Following OnExecution Event I then create a Stop Loss. This also works and I can see it trailing the market price on the chart - Notice the ocoid differs from the one associated with the current long order.

***************** Code 2 *******************

stopOrder = SubmitOrder(0, OrderAction.SellShort, OrderType.StopLimit, 1, tickPrice -1 * TickSize, tickPrice -1 * TickSize * TickSize, String.Format("OilStop" + qty), "Stop loss to protect long");

***************** End of Code 2 *******************

The thing though is that when the market prices reverses and hits my Stop loss, it simply goes past it leaving it unaffected. Why does it not get a fill and close the current "Long" position?

C

[NinjaTrader_Jesse]

Hello,

Thank you for the question.

Do you get the same result with a stop market order?

The stop limit order would not necessarily have to fill depending on the market.

I look forward to being of further assistance.

[cocopod]

Hmmmm... Not sure what I'm doing so this is what iv got. Iv changed the "SubmitOrder" to OrderType.Stop. This had no impact

***************** Code 1 *******************

stopOrder = SubmitOrder(0, OrderAction.SellShort, OrderType.Stop, 1, tickPrice -1 * TickSize, tickPrice -1 * TickSize * TickSize, String.Format("OilStop" + qty), "Stop loss to protect long");

***************** End of Code 1 *******************

The trail part then calls the code below. does this have to be changed also? What to?

ChangeOrder(stopOrder, 1, stopOrder.LimitPrice, pTickPrice -1 * TickSize)

[NinjaTrader_Jesse]

Hello,

Yes I was referring to your stop loss as the one to modify from limit to just stop, the limit could potentially be passed so setting a stop should prevent the price from moving through it.

I look forward to being of further assistance.

[cocopod]

Changed

ChangeOrder(stopOrder, ContractCnt, stopOrder.LimitPrice, pTickPrice -1 * TickSize

to

ChangeOrder(stopOrder, ContractCnt, stopOrder.Stop, pTickPrice -1 * TickSize

However it wouldn't compile. "Cbi.Iorder does not contain a definition for stop"

[NinjaTrader_Jesse]

Hello,

I think there was some confusion, I was referring to your stop you originally posted about, I am still looking at the information you originally provided and not the change order in which you just posted about.

What I was referring to was to change:

***************** Code 2 *******************

stopOrder = SubmitOrder(0, OrderAction.SellShort, [B]OrderType.StopLimit[/B], 1, tickPrice -1 * TickSize, tickPrice -1 * TickSize * TickSize, String.Format("OilStop" + qty), "Stop loss to protect long");

***************** End of Code 2 *******************

to:

***************** Code 2 *******************

stopOrder = SubmitOrder(0, OrderAction.SellShort, [B]OrderType.Stop[/B], 1, tickPrice -1 * TickSize, tickPrice -1 * TickSize * TickSize, String.Format("OilStop" + qty), "Stop loss to protect long");

***************** End of Code 2 *******************

I look forward to being of further assistance.

[cocopod]

Hi... Well yes I made the change however it made no difference.. The StopLoss still wasn't filled

[NinjaTrader_Jesse]

Hello,

Thank you for trying that.

Can you please use TraceOrders to see what is being reported as the orders happen?

http://www.ninjatrader.com/support/helpGuides/nt7/traceorders.htm?zoom_highlightsub=TraceOrders

and then use the Tools -> Output window to view the orders output.

I look forward to being of further assistance.

[cocopod]

I noticed this in the Trace

First the Short was created
Execution='fa5ee5923b0e469291ff1db4fe982a4c' Instrument='CL 12-14' Account='Sim101' Name='Short limit entry' Exchange=Default Price=74.45 Quantity=1 Market position=Short



Next the Submit order for the Stop Loss

SubmitOrder() method at 18/11/2014 17:28:31: Action=BuyToCover OrderType=Stop Quantity=1 LimitPrice=74.46 StopPrice=74.45 OcoId='OilStop1' Name='Stop loss to protect short'


Then the market began to trail... however should the limit price be "0"
Action=BuyToCover Limit price=0 Stop price=74.46 Quantity=1 Strategy='OilSpike' Type=Stop


C

[NinjaTrader_Jesse]

Hello,

Thank you for that,

Just checking is this during live/Historical or is this in a backtest?

I look forward to being of further assistance.

[cocopod]

Live... But I am in SIM

[NinjaTrader_Jesse]

Hello,

Thank you.

Can you please email me your trace and logs?

In NinjaTrader go to Help -> Mail to support and send the log and trace files.

Please reference ticket: 1198066 in the area where you can put text.

I look forward to being of further assistance .