stop loss

[dibDab]

I've noticed in the log "An order has been ignored since the stop price ‘4068.25’ near the bar stamped ‘13/12/2022 13:29:11’ is invalid based on the price range of the bar. This is an invalid order and subsequent orders may also be ignored"

This was a short trade and the tick price may have been above the stop loss before it was set.

How does NT8 handle this?

[NinjaTrader_ChelseaB]

Hello dibDab,

This would be in historical.

In real-time the order would have been rejected by the broker.

We recommend that you ensure the stop price is a valid price, above the GetCurrentAsk() if a buy, below the GetCurrentBid() if a sell.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/strategy-development/1202751-buy-stop-can-t-be-placed-below-the-market#post1202754

If the stop price is equal to or ahead of the market price, use a market order to exit the position immediately.

[dibDab]

not sure I understand?

if I buy at GetCurrentAsk shouldn't the stop be below the GetCurrentAsk
if I sell at GetCurrentBid shouldn't the stop be above the GetCurrentBid

[NinjaTrader_ChelseaB]

Hello dibDab,

A buy stop order must have the stop price above the ask.

A sell stop order must have the stop price below the bid.

Give a it a try manually.

[dibDab]

:

ok thanks, do I have this right? A couple of questions ...

what should I use historically to get current bid or ask? (real-time GetCurrentBid/GetCurrentAsk)?

my entries/exits are on a 1tick bar series so should I approximate with something like BarsArray[1].LastPrice?

[NinjaTrader_ChelseaB]

Hello dibDab,

This understanding is correct.

In historical you can enable TickReplay and use GetCurrentBid()/GetCurrentAsk().
Since historical uses Last data only, you can compare the price to being less that the last price.

A secondary series last price is Closes[1][0].

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