Strategy crashed

[rcollen]

Please see the attached log. I don't know why my strategy crashed. Can you help?

[NinjaTrader_ChelseaB]

Hello rcollen,

The strategy was disabled because an order was rejected.

The order was rejected because the order was a buy stop order placed below the current market price.

Are you checking that the price you are submitting the order to is above the market price before it is submitted?

[rcollen]

ChelseaB,

No. The order was submitted by the strategy because conditions had been met. What can I do to automatically prevent this?

[NinjaTrader_ChelseaB]

Hello rcollen,

A stop loss will use a stop limit order. Since this order was a stop market order, this tells me that you are using ExitShortStop() in your code. You need to add logic to ensure the price that you are passing to the ExitShortStop() call is below the current market price.

if (myPrice < Close[0]-1*TickSize)
{
ExitShortStop(myPrice);
}

This ensures that the price is at least two ticks less than the close price to prevent this error.

A stop order that is placed too close to the current Close price can be rejected if the price moves too quickly against your order.

If that is the case, place the stop further away from the current price and then move it up if necessary.