Issue with ExitShortStopLimit causing Errors

[Austiner87]

Hi NT8,

when I am short and then create an order with ExitShortStopLimit using the code below, I get an error box. However, I don't get the same error when I am long - it creates the ExitLongStopLimit using the same code below. I simply want to create a stop for my orders in my strategy without using MIT orders for shorts. please help thank you: See snapshot for clarification.



Short - does not work - gives error box

if ( ShortEntry())

{
EntryPriceShort1 = (GetCurrentAsk(0));
EnterShortLimit(Convert.ToInt32(1), GetCurrentAsk(0), @"1");
}

if ((Position.MarketPosition == MarketPosition.Short))
{
ExitShortStopLimit(Convert.ToInt32(1), EntryPriceShort1 + 3.00 , "", @"1");
}




Long - works - no error box

if ( LongEntry())

{
EntryPriceLong1 = (GetCurrentAsk(0));
EnterLongLimit(Convert.ToInt32(1), GetCurrentBid(0), @"1");
}

if ((Position.MarketPosition == MarketPosition.Long))
{
ExitLongStopLimit(Convert.ToInt32(1), EntryPriceShort1 - 3.00 , "", @"1");
}

[NinjaTrader_ChelseaB]

Hello Austiner87,

Your screenshot appears to disagree with you.
In the screenshot, this is a buy stop limit order shown.
This has the limit price below the stop price.

As you are providing a price of $1 for the limit price, this is invalid as the limit price of a buy stop limit order must be equal to or above the stop price.
For a sell stop limit order, the limit price must be equal to or below the stop price.

ExitShortStopLimit(double limitPrice, double stopPrice, string signalName, string fromEntrySignal)

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

Try setting the limit price to the same price as the stop price.

[Austiner87]

Extremely helpful, thank you!

[Austiner87]

Hello, this seemed to help in most cases as I am not getting constant error messages, but I am still getting a good number. My code is below for my StopLimitExits, I am trying to replicate the ATM strategy by having my stoplimit follow behind the price of the instrument a few ticks. second snapshot is the error message I get.

asking for help in how I change the code to avoid all (or nearly all) error messages. Thank you!!!

[NinjaTrader_ChelseaB]

Hello Austiner87,

The error 'Stop price can't be changed below the market' means you are choosing an invalid stop price for a stop order.

This is a buy to cover. A buy stop order must be above the current ask. A sell stop must be below the current bid.

Choose a price at least 1 tick above GetCurrentAsk().