SetTrailingStop and ExitShort/LongLimit

[traderpards]

Hey guys,

I am having a helluva time trying to set SetTrailingStop() and ExitShort/LongLimit() at the same time.

The error I'm getting is the one where it tells you your Exit() method has been ignored and I need to see internal order handling rules.

Here is the code in OnExecutionUpdate():

    SetTrailStop(sell, CalculationMode.Ticks, TrailStopValue, false);
    if (TargetTicks > 0)
    {
        double limitPrice = execution.Order.AverageFillPrice - TargetTicks * TickSize;
        ExitShortLimit(0, true, Qty, limitPrice, "Profit target", sell);    
    }

Just because I like trying different things until something works, I switched it around and got the same error, only it complained the Set() method was ignored as opposed to the Exit() method being ignored.

I'm thinking that should work. Am I wrong? Are the two not compatible? I searched the forum and didn't see anyone else having this issue...

[NinjaTrader_ChrisL]

Hello traderpards,

Thanks for the note.

Please review the internal order handling rules here:

https://ninjatrader.com/support/helpGuides/nt8/en-us/?managed_approach.htm#InternalOrderHandlingRulesThatReduceUnwantedPositions

This is what you are running into specifically:

Methods that generate orders to exit a position will be ignored if:
...
• A position is open and an order submitted by a set method (SetStopLoss() for example) is active

You would need to use the Unmanaged approach to ignore whatever errors are being thrown by the managed approach. Using the Unmanaged approach will also mean that you need to handle all possible errors with your code.

More on the Unmanaged approach here:

https://ninjatrader.com/support/helpGuides/nt8/en-us/?unmanaged_approach.htm

Please let me know if I may be of any further assistance.