PT not filled even when price reaches its value

[kujista]

Hello,

quite often I face problem, price hits my PT but it gets not filled. What strategy do you use to handle this? I was thinkinh about ExitMarket on few seconds touch? Or moving SL to PT -1 tick.
What approach would you recommend?

Thanks for advices

Paul

[NinjaTrader_ChrisL]

Hello, thanks for writing in. There are several ways to handle this through code, either one will do the same thing. A market order would work to close the position and cancel any existing stop loss/profit target orders for the position. You can monitor the price in OnMarketData and if the Last price does touch your profit target but it does not fill (detected through OnOrderUpdate) then submit the market order. You can also move the stop to the ask or bid price, not -1 tick as that would cause an order submission reject. If the profit target is for a long order, move the profit target to the Ask price, if the profit target is for a short order, move it to the Bid price.