Market order submitted as Limit?

[Skechers]

Hello,

I have a strange error message indicating that a Limit order errored out, but I submitted the order using EnterLong or EnterShort which is supposed to be a Market order.

What am I doing wrong?

Many Thanks, Caesar.

The order entry code is as follows:

EnterLong(ContractQuantity, "EnterLongMarket");

The error messages are as follows:

[Skechers]

Deleted.

[NinjaTrader_ChrisL]

Hello, thanks for writing in. Im unable to guess at what code you have in your strategy. Can you post the contents of the strategy?

[Skechers]

Here it is:

                    if (CrossTrigger == 1)
                    {    // Plot Long
                        CrossTrigger = 0;
                        if (TradingEnabled && ClearToSubmit && StrategyEnabled)
                        {    
                            if(TradingEnabled && ShowOtherPlots)
                            {
                                Trigger[0] = (Low[0] - (SecondaryPlotGap * 4) - SecondaryPlotOffset - PrimaryPlotOffset);
                                PlotBrushes[7][0] = Brushes.SkyBlue;
                            }
                            ClearToSubmit = false;
                            if (Limit_1_Market_2 == 1)
                            {
                                PrintLog(1, "Strategy: Submitting Long Limit Order " + (High[0] + Low[0]).ToString(format) + " Qty: " + ContractQuantity);
                                EnterLongLimit(ContractQuantity, (High[0] + Low[0]) / 2, "EnterLongLimit");
                            }
                            else
                            {
                                PrintLog(1, "Strategy: Submitting Long Market Order" + " Qty: " + ContractQuantity );
                                EnterLong(ContractQuantity, "EnterLongMarket");
                            }
                        }
                    }​

[NinjaTrader_ChelseaB]

Hello Caesar,

To confirm, there is no stop loss or profit target being submitted with SetProfitTarget and/or SetStopLoss(), is this correct?

[Skechers]

Hi Chelsea, yes, the strategy makes use of SetProfitTarget and SetStopLoss. If those are causing the issue, what alternatives are there?

Many Thanks, Caesar.

[NinjaTrader_ChrisL]

Hi, It is the stop loss order that is causing the error for you. You are placing this order above the market price at the time of submission. To avoid this, make sure the price you are going to submit the order at a legal price level (below GetCurrentBid()).

[Skechers]

Many Thanks!