ExitLongLimit issue.

[strategy1]

Hello,
I am trying to exit a position with ExitLongLimi(). This is what I coded:

protected override void OnBarUpdate()

if (Closes[1][0] > SMA(BarsArray[1], 250)[0]
&& !HasTradedLong)

{
HasTradedLong = true;
OpenStop = Open[0];

EnterLongLimit(100, Close[0], "");

}

if (Close[0] < OpenStop)
{
ExitLongLimit(Close[0]);

}


My entry orders are working, but exits do not.

Am I doing something wrong here?



Thanks

[NinjaTrader_Bertrand]

Hi strategy1, are you sure your exit condition evaluates to true?

You could add Print() statements at critical points to your code to doublecheck your conditions hit home, here's a tip about this topic -

http://www.ninjatrader-support2.com/...ead.php?t=3418

[strategy1]

I added:

Print(Time[0].ToString());
Print(OpenStop);

and it does evaluate to True, but doesn't execute.

[NinjaTrader_Bertrand]

Since you try to place a exit limit order at the Close[0] you may not get filled and the order expires at the end of the bar. Did you enable TraceOrders to debug - http://www.ninjatrader-support2.com/...ead.php?t=3627

Also: did you get any errors in the Log tab of the Control Center?

[strategy1]

It makes sense if the sell order doesn't execute because it is trying to get the price of Close[0], which may no longer be at that point.

It also makes sense that the order expires at the end of the bar.

But it once again becomes an active order on the next bar that the condition is true, Which in my case is 5 bars later. And if the price is there at this point it should work. Yet it still doesn't execute.

[NinjaTrader_Bertrand]

Hi, have you checked the TraceOrders feedback in the Control Center output window? Please post the results here, so we can take a look - Thanks!

[strategy1]

Here is the trace log.

The condition for the exit is true on the very next bar, but the price is not there already, thus it doesn't execute.

But at 1:30 the condition is true and the price is there yet it still doesn't execute.

Is there anything else I am missing or coding wrong?

[NinjaTrader_Josh]

You forgot the attachment.

[strategy1]

The file is too big to be attached. Will this be OK?



1/15/2009 5:31:21 PM Entered internal SetStopTarget() method: Type=Target FromEntrySignal='' Mode=Ticks Value=0 Currency=500 Simulated=False
1/6/2009 12:50:00 PM Entered internal PlaceOrder() method at 1/6/2009 12:50:00 PM: Action=Sell OrderType=Limit Quantity=0 LimitPrice=34.32 StopPrice=0 SignalName='' FromEntrySignal=''
1/6/2009 12:50:00 PM Ignored PlaceOrder() method at 1/6/2009 12:50:00 PM: Action=Sell OrderType=Limit Quantity=0 LimitPrice=34.32 StopPrice=0 SignalName=Sell' FromEntrySignal='' Reason='An Exit() method to submit an exit order has been ignore. Please search on the term 'Internal Order Handling Rules' in the Help Guide for detailed explanation.'
1/6/2009 12:55:00 PM Entered internal PlaceOrder() method at 1/6/2009 12:55:00 PM: Action=Sell OrderType=Limit Quantity=0 LimitPrice=34.27 StopPrice=0 SignalName='' FromEntrySignal=''
1/6/2009 1:40:00 PM Entered internal PlaceOrder() method at 1/6/2009 1:40:00 PM: Action=Sell OrderType=Limit Quantity=0 LimitPrice=34.30 StopPrice=0 SignalName='' FromEntrySignal=''
1/6/2009 1:45:00 PM Entered internal PlaceOrder() method at 1/6/2009 1:45:00 PM: Action=Sell OrderType=Limit Quantity=0 LimitPrice=34.35 StopPrice=0 SignalName='' FromEntrySignal=''
1/6/2009 3:55:00 PM Cancelled pending exit order, since associated position is closed: Order='NT-00001/Back101' Name='Profit target' State=Working Instrument='ABX' Action=Sell Limit price=35.09 Stop price=0 Quantity=1,000 Strategy='MorningBreakout' Type=Limit Tif=Gtc Oco='NT-00000' Filled=0 Fill price=0 Token='9ef1593b47a9493ebb8f5c0a9d41ca37' Gtd='12/1/2099 12:00:00 AM'

[NinjaTrader_Josh]

This is the problem: "An Exit() method to submit an exit order has been ignore. Please search on the term 'Internal Order Handling Rules' in the Help Guide for detailed explanation."

You need to debug why you are hitting one of the rules. Please review all of them in the Help Guide: http://www.ninjatrader-support.com/H...verview36.html

[strategy1]

I've read the article a few times and tried to debug.
Still can't get it to work. There must be something else that I am missing...

Thanks

[NinjaTrader_Ben]

Hello,

Maybe this link will help with debugging:
http://www.ninjatrader-support2.com/...ead.php?t=3418

[strategy1]

I read it and added DrawDot,
I still can't get a handle on why it doesn't execute that line of code.

One thing I did notice (although I do not think related) is that I get a wrong entry price and time (completely wrong) on the first day of the backtest only. Why would this be?

Also, why would the ExitLongLimit order be ignored in my code?

I would greatly appreciate anyone's help on this.

[NinjaTrader_Josh]

strategy1,

The Internal Order Handling Rules states this:

Methods that generate orders to exit a position will be ignored if a strategy position is open and:
An order submitted by a set method (SetStopLoss() for example) is active

That is what you are hitting. You have SetStopLoss active so you cannot use an explicit exit method unless that method was for a market order.

[strategy1]

Josh,

That is not what it is. I have commented out my SetStopLoss when I first read the article on order handling, as per your suggestion.