Another Internal Order Handling Rules that Reduce Unwanted Positions Question

[billythekid72]

Hello,

I looked at the rules for "Internal Order Handling Rules that Reduce Unwanted Positions", but was not able to explain the error I received.

I entered my position with: EnterLongLimit(LotSize, Bars.GetClose(CurrentBar), "Long");

and when I tried to exit my position with: ExitLongLimit(Bars.GetClose(CurrentBar), "ExitLong", "Long");

I get the errors: "2/8/2023 8:19:32 AM Strategy 'AGG6BarDailyMonthlyDrawdownLive3001Test/89041889': Ignored SubmitOrderManaged() method at 2/8/2023 8:19:32 AM: BarsInProgress=0 Action=Sell OrderType=Limit Quantity=0 LimitPrice=4153.00 StopPrice=0 SignalName='ExitLong' FromEntrySignal='Long' Reason='An Exit() method to submit an exit order has been ignored. Please search on the term 'Internal Order Handling Rules that Reduce Unwanted Positions' in the Help Guide for detailed explanation.'
Strategy 'AGG6BarDailyMonthlyDrawdownLive3001Test/89041889': An Exit() method to submit an exit order at '2/8/2023 8:19:31 AM' has been ignored. Please search on the term 'Internal Order Handling Rules that Reduce Unwanted Positions' in the Help Guide for detailed explanation."

In addition, I set both the profit target and stop loss only ONCE in the OnStateChange(), see below:

else if (State == State.Configure)
{
SetProfitTarget(CalculationMode.Ticks, profitTarget);
SetStopLoss(CalculationMode.Ticks, hardDeck);
}

Kindly advise what rule did I violate to have caused the error?

Best regards,

Billy

[KonstantinosNT]

You are not allowed to use Exit methods along with Set methods.

[NinjaTrader_ChelseaB]

Hello Billy,

KonstantinosNT is correct. From the help guide:
"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"

https://ninjatrader.com/support/helpGuides/nt8/index.html?managed_approach.htm#InternalOrderHandlingRulesThatReduceUnwantedPositions

Choose one or the other. You can submit your own stop order with ExitLongStopMarket() to go with your ExitLongLimit().
Below are links to examples.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/platform-technical-support-aa/97419-priceos-cs-expecting?p=802269#post802269

https://ninjatrader.com/support/forum/forum/suggestions-and-feedback/suggestions-and-feedback-aa/103992-request-breakeven-functions-in-strategy-builder?p=806596#post806596

[billythekid72]

Thank you Chelsea and Konstantinos, for the explanation.

[Steve L]

Just a point of clarification for those landing on this page. The help guide on "Rules that Reduce Unwanted Positions" says



So you can use ExitLong() or ExitShort() along with Set methods.

[NinjaTrader_ChelseaB]

Hello Steve L,

That is the case. The user billythekid72, however, is using ExitLongLimit().