Unable to submit closing order.

[ErikHR1969]

I have a strategy with a stop loss and profit target:

                SetProfitTarget(CalculationMode.Percent, 0.025);
                SetStopLoss(CalculationMode.Percent, 0.01);​

And a condition to close the order:

            if (startTimeForLongExits < Times[0][0] && Times[0][0] <= endTimeForLongExits)
                ExitLong();​

I am running the strategy live againts TD Ameritrade.

Everytime ExitLong gets called I get this error:

2023-07-25 12:33:28:616 (TD AMERITRADE) Cbi.Account.OrderUpdateCallback: realOrderState=Rejected orderId='8765432' account='erikreiter 098765' name='Sell' orderState=Rejected instrument='XXXX' orderAction=Sell limitPrice=0 stopPrice=0 quantity=60 orderType='Market' filled=0 averageFillPrice=0 time='2023-07-25 12:33:28' statementDate='2023-07-25' error=NoError comment='This order may result in an oversold/overbought position in your account. Please check your position quantity and/or open orders.' nr=-1

This is because the other the stop loss and profit target are real orders.

How do I fix this?

Thanks,
Erik

[NinjaTrader_Emily]

Hello Erik,

Thank you for your post.

The issue is definitely because you have a working stop loss and profit target while also trying to exit with a market order. My colleague has suggested a solution to a similar inquiry in the following thread:

https://forum.ninjatrader.com/forum/ninjatrader-8/strategy-development/1160008-td-ameritrade-and-oco-s#post1160115

It seems that you can use Account.Cancel to cancel the stop loss and profit target orders first, then once the cancellation is seen in OnOrderUpdate() you may submit the ExitLong() order.

Please let us know if we may be of further assistance.

[ErikHR1969]

Hi Emily,

Thanks I will look at the post.

From the documentation:

• If a stop loss or trail stop order is generated in addition to a profit target order, they are submitted as OCO (one cancels other)
• A profit target order is automatically cancelled if the managing position is closed by another strategy generated exit order

It seems like I can

Change the SetStopLoss to:

//Pass true as last argument.
SetStopLoss("", CalculationMode.Percent, this.StopLoss / 100.00, true);

This should solve the problem too, since the Stop Loss will not be a real order, and the profit targetr will get handled???

Thanks,
Erik

[NinjaTrader_Emily]

Hello Erik,

Thank you for your reply.

You could test out the overload for isSimulatedStop set to true and see if this suits your needs. You may also need to consider the internal order handling rules that reduce unwanted positions; these rules are not able to apply to market orders. The rules may be found here:

https://ninjatrader.com/support/helpGuides/nt8/managed_approach.htm

Please let us know if we may be of further assistance.

[ErikHR1969]

Hi Emily, The link doesn't work for me.

[NinjaTrader_Emily]

Hi Emily, The link doesn't work for me.

Thank you for letting me know. I have edited the link to lead to the "Managed Approach" help guide page. Please expand the header "Internal Order Handling Rules that Reduce Unwanted Positions" in order to view the internal rules I was referring to.

Please feel free to reach out with any additional questions or concerns.