Protect Against Orders on Wrong Side of the Market

[cutzpr]

I would like to protect my strategy from placing orders on the wrong side of the market during fast market conditions. I wrote up this code but I want to share it with the community to see if perhaps there is a better way or if it will even work.

Also, for NT Support.
I wanted to know who supplies the OrderState. Rejected. Is is NT or does it come from the broker? When and where does is the order rejected come from? Is the order accepted and Working before it is rejected or auto rejected? What exactly is the flow/life cycle of an Order from start to finish.

private Order orderToConfirm = null;
private int sumbitOrderRetries = 3;

public void EnterLongLimit()
{[INDENT]int retryCount = 0;[/INDENT]
             
            Outside:
            if( retryCount < sumbitOrderRetries)
            {
                Inside:
                if(zLimtPriceOk(limitPrice)) // Limit Price is Good to Go
                   {[INDENT=2]try{ 
orderToConfirm = EnterLongLimit(barsInProgressEnter, ordersLiveUntilCanceled, orderSize * orderMuliplier, limitPrice, longEntryName);
retryCount++;
}
catch (Exception e) {
Print("Cant Place Order zEnterLongLimit: " + e);
}
[/INDENT][INDENT=3]if(orderToConfirm != null &&  orderToConfirm.OrderState != OrderState.Rejected) // Order was accepted[/INDENT][INDENT=3] {
return;    
}
else
{
goto Outside;
 }[/INDENT]
                     }
                   else // Limit Price is Not Good
                   {
                    goto Inside;
                   }
            }
            else
            {
            Print("Cant Place Order zEnterLongLimit. Maximun number of retries hit") ;
            return;
            }


public bool zLimtPriceOk(double limitPrice)
        {
            bool result = true;

            if(limitPrice > GetCurrentAsk() && limitPrice > GetCurrentBid())
                {
                result = true;
                }
                else result = false;

            return result;
        }

[NinjaTrader_ChelseaB]

Hello cutzpr,

As a tip, to export a NinjaTrader 8 NinjaScript so this can be shared and imported by the recipient do the following:

1. Click Tools -> Export -> NinjaScript...
2. Click the 'add' link -> check the box(es) for the script(s) and reference(s) you want to include
3. Click the 'Export' button
4. Enter a unique name for the file in the value for 'File name:'
5. Choose a save location -> click Save
6. Click OK to clear the export location message

By default your exported file will be in the following location:

• (My) Documents/NinjaTrader 8/bin/Custom/ExportNinjaScript/<export_file_name.zip>

Below is a link to the help guide on Exporting NinjaScripts.

http://ninjatrader.com/support/helpGuides/nt8/en-us/export.htm

Orders are rejected by the brokerage (or by the Simulation Engine for the Sim101 account which pretends to be a brokerage).
Orders rejected by a brokerage are not accepted (as they are rejected). As they are not accepted they do not become working.
Orders typically go through pendingsubmit, accepted, working, filled.

I recommend you use prints to find the answers to the order states.
Print the order information in OnOrderUpdate() to the output window.

Print(order.ToString());

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

Below is a link to a forum post that demonstrates how to use prints to find information and understand behavior.

https://ninjatrader.com/support/forum/forum/ninjatrader-7/strategy-development-aa/99209-date-conditions-not-working?p=791121#post791121