unable to script strategy with entries limit and stop OCO

[adamus]

I can't figure out how to do this - I want to put an OCO bracket into force with a limit on one side of the market and a stop on the other - so both buy or both sell but OCO so that only one is executed.

I get this from traceOrders:

04/08/2010 09:02:00 Entered internal PlaceOrder() method at 04/08/2010 09:02:00: Action=SellShort OrderType=Limit Quantity=0.1M LimitPrice=1.3200'5 StopPrice=0 SignalName='Enter S' FromEntrySignal=''
04/08/2010 09:02:00 Entered internal PlaceOrder() method at 04/08/2010 09:02:00: Action=SellShort OrderType=Stop Quantity=0.1M LimitPrice=0 StopPrice=1.3195'5 SignalName='Enter S' FromEntrySignal=''
04/08/2010 09:02:00 Ignored PlaceOrder() method at 04/08/2010 09:02:00: Action=SellShort OrderType=Stop Quantity=0.1M LimitPrice=0 StopPrice=1.3195'5 SignalName='Enter S' FromEntrySignal='' Reason='Exceeded entry signals limit based on EntryHandling and EntriesPerDirection properties'

[NinjaTrader_RyanM1]

Hello Adamus,

The trace you posted indicates:
Reason='Exceeded entry signals limit based on EntryHandling and EntriesPerDirection properties'

You could name each uniquely and then set entry handling to Unique Entries. It will then allow both orders to be placed.

If one or the other is filled then you'd have to issue cancel commands on the other. This reference sample helps with CancelOrder()

http://www.ninjatrader.com/support/forum/showthread.php?t=18890

You may also want to move to an unmanaged approach to order submission - offered only in version 7. You can then tie the orders together with the same OCO id and they will not be governed by entriesPerDirection and entryHandling properties.

http://www.ninjatrader.com/support/helpGuides/nt7/unmanaged_approach.htm

[adamus]

Hi Ryan, thanks for the explanation. I was hoping it would be simpler than that - after working with OCO exit orders I guess my expectations were just wrong.