Limit order cancelled immediately

[marc.newlin]

Hello,

I'm experiencing the problem that limit orders generated by a strategy will get cancelled after 1-2 seconds about 75% of the time.

The order is generated using this overload of EnterLongLimit:


EnterLongLimit(0, false, (int)(Lots * LotMultiplier()), LimitPrice, StrategyName);


This is the log output:


7/10/2009 12:51:02 PM Order Order='19ue72s:1ihj/33110514' Name='EmaTrendBounce' New State=Cancelled Instrument='$EURAUD' Action=Buy Limit price=1.79083 Stop price=0 Quantity=0.1M Type=Limit Filled=0 Fill price=0 Error=NoError Native error=''

7/10/2009 12:51:02 PM Order Order='19ue72s:1ihj/33110514' Name='EmaTrendBounce' New State=Working Instrument='$EURAUD' Action=Buy Limit price=1.79083 Stop price=0 Quantity=0.1M Type=Limit Filled=0 Fill price=0 Error=NoError Native error=''

7/10/2009 12:51:02 PM Order Order='19ue72s:1ihj/33110514' Name='EmaTrendBounce' New State=Accepted Instrument='$EURAUD' Action=Buy Limit price=1.79083 Stop price=0 Quantity=0.1M Type=Limit Filled=0 Fill price=0 Error=NoError Native error=''

7/10/2009 12:51:02 PM Order Order='19ue72s:1ihj/33110514' Name='EmaTrendBounce' New State=PendingCancel Instrument='$EURAUD' Action=Buy Limit price=1.79083 Stop price=0 Quantity=0.1M Type=Limit Filled=0 Fill price=0 Error=NoError Native error=''

7/10/2009 12:51:02 PM Order Order='19ue72s:1ihj/33110514' Name='EmaTrendBounce' New State=Accepted Instrument='$EURAUD' Action=Buy Limit price=1.79083 Stop price=0 Quantity=0.1M Type=Limit Filled=0 Fill price=0 Error=NoError Native error=''

7/10/2009 12:51:01 PM Order Order='1e168631-DEMOYPOK-5/33110514' Name='EmaTrendBounce' New State=PendingSubmit Instrument='$EURAUD' Action=Buy Limit price=1.79083 Stop price=0 Quantity=0.1M Type=Limit Filled=0 Fill price=0 Error=NoError Native error=''


I'm fairly new to NinjaTrader, so I'm guessing I'm simply ignorant to some caveat of order handling. Thank you.

[NinjaTrader_Austin]

Marc, the false you have set in the order entry specifies that the order is not live until cancelled.

The default behavior (false for LiveUntilCancelled--how your entry order currently is) for entry limit orders is to cancel them if the conditions for entry are no longer true.

You can try changing the false to true in your entry order and see if that solves the problem.

Another useful debugging tool called TraceOrders is set in initialize: TraceOrders = true;.

[NinjaTrader_JoshP]

Marc,

This article may shed some more light onto the issue as well: http://www.ninjatrader-support.com/H...tml?Overview36

Please see the "Order Submission for Entry and Exit Methods - Basic Operation" section.

[marc.newlin]

Austin and Josh, thank you for the clarification.