Stop Loss Order Rejected

[rjb0333]

I'm having some stop loss orders rejected and I can't figure our why. Sometimes it works and sometimes it doesn't.

2 message boxes pop up

"buy stop or buy stop limit orders can't be placed below the market"

and

"2/16/2015 9:16:59 PM|1|32|Order='c393761ee8c1420cbf71e0d69f201441/Sim101' Name='Stop loss' New state=Rejected Instrument='$GBPUSD' Action=BuyToCover Limit price=0 Stop price=1.5263 Quantity=1 Type=Stop Filled=0 Fill price=0 Error=OrderRejected Native error='Buy stop or buy stop limit orders can't be placed below the market.'"

I had the strategy output the following info.

***************************************
$GBPUSD Short Stop
Position Average Price: 1.5364
Stop Loss Ticks: 0.00291342494440044
Stop Loss: 1.5393134249444
Current Ask: 1.5365
Current Bid: 1.5365
Close: 1.5365
2/16/2015 9:15:00 PM
***************************************


I have attached a text file with my stop loss code.

[koganam]

I'm having some stop loss orders rejected and I can't figure our why. Sometimes it works and sometimes it doesn't.

2 message boxes pop up

"buy stop or buy stop limit orders can't be placed below the market"

and

"2/16/2015 9:16:59 PM|1|32|Order='c393761ee8c1420cbf71e0d69f201441/Sim101' Name='Stop loss' New state=Rejected Instrument='$GBPUSD' Action=BuyToCover Limit price=0 Stop price=1.5263 Quantity=1 Type=Stop Filled=0 Fill price=0 Error=OrderRejected Native error='Buy stop or buy stop limit orders can't be placed below the market.'"

I had the strategy output the following info.

***************************************
$GBPUSD Short Stop
Position Average Price: 1.5364
Stop Loss Ticks: 0.00291342494440044
Stop Loss: 1.5393134249444
Current Ask: 1.5365
Current Bid: 1.5365
Close: 1.5365
2/16/2015 9:15:00 PM
***************************************


I have attached a text file with my stop loss code.

See what I have market in red? Your Limit Price must be at least equal to your Stop Price, and MUST be above the Ask. Adjust your code to make the correct order.

[NinjaTrader_Bertrand]

rjb0333, welcome to our forums - the buy stop you try to place is not valid, your stop price 1.5263, while the current ask is two pips higher, we would expect a rejection in this case.

It looks like you second SetStopLoss call might be the issue, I would print Position.AvgPrice - 30 * TickSize as well to doublecheck.

[rjb0333]

See what I have market in red? Your Limit Price must be at least equal to your Stop Price, and MUST be above the Ask. Adjust your code to make the correct order.

Thank you for the prompt response koganam, it would appear I grabbed the wrong variable for my stop loss price.

[rjb0333]

rjb0333, welcome to our forums - the buy stop you try to place is not valid, your stop price 1.5263, while the current ask is two pips higher, we would expect a rejection in this case.

It looks like you second SetStopLoss call might be the issue, I would print Position.AvgPrice - 30 * TickSize as well to doublecheck.

Thank you for your reply NinjaTrader_Bertrand, it would appear I grabbed the wrong variable for my stop loss price.