Backtest MIT order executing too soon?

[Skifree]

My goal with this is to generate an MIT order and move it with my price as a trailing exit, but using increments. I can do this with a price and then create an exit as needed but I want to try using a stop loss type exit. I would do a stoploss, but they don't have both entry and exit signals, which my strategy relies on. is MIT the wrong order type? Can it be below the current price?

The conditions for creating an MIT order look like this, where I basically wait for the right time and submit a request to another function to submit the order.

if (orderRecordMaster.OrderStatsProfit > profitHardFloorP
                                    && orderRecordMaster.OrderStatsProfit > orderRecordMaster.OrderStatsTrailingStopProfit
                                    && orderRecordMaster.OrderStatsProfit < targetTakeProfit)
                                {
                                    if (orderRecordMaster.ExitOrder == null)
                                    {
                                        orderRecordMaster.OrderStatsTrailingStop = GetCurrentAsk(0) - (profitHardFloorP * TickSize);

                                        double stop = (double)orderRecordMaster.OrderStatsTrailingStop;
                                        double limit = stop - stopLimitSpread;

                                        orderRecordMaster.OrderStatsTrailingStopProfit = orderRecordMaster.OrderStatsProfit;
                                    
                                        // Add MIT exit order
                                        ExitOrderFunction(orderRecordMaster.EntryOrder.Quantity, orderRecordMaster, "Add EXIT $", false, (orderRecordMaster.EntryOrder.OrderAction == OrderAction.SellShort ? ExitOrderType.ExitShortStopProfitable : ExitOrderType.ExitLongStopProfitable), OrderType.MIT, stop, limit);
                                    }​

in ExitOrderFunction, the order submission looks like this

    if(orderType == OrderType.MIT)
                                    {
                                      ExitLongMIT(0,true,QuantityVal,stopPrice,thisOrderRecordMaster.ExitOrderUUID, thisOrderRecordMaster.EntryOrderUUID);
                                     }​

Then in OnOrderUpdate

if(order.OrderAction == OrderAction.Sell)
                {
                    if(order.OrderType == OrderType.MIT && order.OrderState == OrderState.Working)
                    {
                        Draw.Dot(this, "dbffsdgwgf"+CurrentBar, true, 0,order.StopPrice, Brushes.Orange);
                    }​

In the attached image, what you see is:
The red dot is the MIT order being created, from OnOrderUpdate()
The orange dot is the MIT order being filled, from OnOrderUpdate()

I'm not modifying the order, so why isn't it waiting until price drops below the orange dot to fill the order? I've tried all time in force, even though it shouldn't matter, and the order should be open perpetually.

[NinjaTrader_ChelseaB]

Hello Skifree,

A sell market if touched order would be placed above the current market price or it would fill immediately.

May I confirm this order is being submitted above the current bid price?

If you print stopPrice and GetCurrentBid() one line above where the order is submitted, does the output show the stopPrice is greater than the current bid?

Where you intending to submit a sell stop market order below the market price instead?

[Skifree]

A sell market if touched order would be placed above the current market price or it would fill immediately.

This is the problem then. Is StopLimit the best way to manage the stoploss behaviour, without using Set()?

[NinjaTrader_ChelseaB]

Hello Skifree,

You could use a sell stop market order below the market price with ExitLongStopMarket() or a stop limit order below the market with ExitLongStopLimit().

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

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

[Skifree]

Can either of those be changed? I'm having trouble with ChangeOrder in that the states for Change are not reflecting the request to do so in OnOrderUpdate OrderState ChangePending or ChangeSubmitted?

 if (SMA1[0] > SMA1[1])// && orderRecordMaster.OrderStatsTrailingStop < GetCurrentAsk(0))
                                            {
                                                // Update the MIT exit order
                                                
                                                double newStop = (double)orderRecordMaster.OrderStatsTrailingStop+0.005;//Math.Min((double)orderRecordMaster.OrderStatsTrailingStop + (Math.Abs(SMA1[0] - SMA1[1])/2) * orderRecordMaster.ExitOrder.Quantity * Bars.Instrument.MasterInstrument.PointValue, GetCurrentAsk(0));
                                                double limit = newStop - stopLimitSpread;
                                                orderRecordMaster.OrderStatsTrailingStop = (double?)newStop;
                                            
                                                if(newStop < GetCurrentAsk(0))
                                                {
                                                //Draw.TriangleUp(this, "fghdsdgf"+CurrentBar, true, 0,newStop, Brushes.Green);
                                                ChangeOrder(orderRecordMaster.ExitOrder, orderRecordMaster.EntryOrder.Quantity, limit, newStop);
                                                }
                                            }​

[NinjaTrader_ChelseaB]

Hello Skifree,

Yes, they can have the prices updated. You can call the method again using the same signal name with a new price and this will adjust the order.

Or you can assign the order to a variable in OnOrderUpdate(), and then supply the order variable to ChangeOrder() (in any method) with the new price.

The ProfitChaseStopTrailExitOrdersExample and ProfitChaseStopTrailUnmanagedExample examples demonstrate.

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