Strategy Moving Stop loss in trade

[kujista]

Hello,
I have strategy, which helps me with life trading. Sometimes happens that I got error that stop loss in long position is placed above actual price. this is how it happens:
1) Make entry long (filled at 100.00)
2) I am 7 ticks in profit (100.70) i want to be on entry price + 2 ticks
3) I call SetStopLoss(100.20 - two ticks) but sometimes happens that price goes against me and meanwhile setstoploss is being processed price goes below 100.20 and i got error.

How can i handle this?
Thanks for help

Paul

[NinjaTrader_AlanP]

Hello Kujista,

Thank you for your note.

If you'd like to submit your log and trace files with the exact time this occurred I could investigate a specific case otherwise it sounds like the issue is you are working a stop to close to the current market price. In something like crude oil, a 4 tick move could happen very quickly, thus by the time your stop is submitted the stop price is not valid by the time the order gets to the exchange.

To avoid having a stop order rejected, you should work a stop with a larger stop value. For example instead of risking 2 ticks, you should risk 4 ticks.

If you'd like to investigate a specific case, please send an email to platformsupport[at]ninjatrader[dot]com with Attn: Alan P in the Subject line. Also within the email please include a link to this thread, and the files.

Please let us know if you need further assistance.

[kujista]

well i havent got log now. but what i was expecting is some event catcher which prevents from stopping strategy when i accidentally try to set stop loss in long position above the actual price (like in chart trader, where i cannot move price up and error never ocures even when i move sl very near to actual price)

[NinjaTrader_AlanP]

Hello kujista,

I would suggest seeing the following post, and writing logic to handle/resubmit rejected orders.

http://ninjatrader.com/support/forum/showthread.php?t=81623

Please let us know if you need further assistance.