Using EnterShortStop() and EnterShortLimit() simultaneously

[FireFly]

I have the following:

EnterShortStop(1, LTarget, "ShortL");
EnterShortLimit(1, PTarget, "ShortP");

Price is first going up so I expect the EnterShortLimit to be hit first. However, it is not executed. Some time later the EnterShortStop IS executed however.

Is there a problem having these two simultaneously?

EDIT:
I see now that only the first one is executed. If I swap them, i.e.

EnterShortLimit(1, PTarget, "ShortP");
EnterShortStop(1, LTarget, "ShortL");

then only the EnterShortLimit is executed. So apparently one order cancels the other?
But I don't understand why that should be.... ?

[NinjaTrader_Bertrand]

FireFly, you are likely running into the Internal Order Handling Rules with this -

http://www.ninjatrader-support.com/H...verview36.html (bottom section of this link)

Please check with TraceOrders for the underlying reason of the ignored order -

http://www.ninjatrader.com/support/f...ead.php?t=3627

[FireFly]

I have checked the Internal Order Handling Rules but I still don't see why they would ignore the second order.

[NinjaTrader_Bertrand]

Please run your code with the TraceOrders enabled, it would state the reason for ignoring the order in your output window then.

[FireFly]

Originally Posted by NinjaTrader_Bertrand

Please run your code with the TraceOrders enabled, it would state the reason for ignoring the order in your output window then.

I did that already:

"An Enter() method to submit an entry order has been ignore. Please search on the term 'Internal Order Handling Rules" in the Help Guide for detailed explanation"

Well, as I said I have checked the Internal Order Handling Rules and I don't see why the order is ignored.

[mrlogik]

FireFly,

Which version of NT are you running? NT6.5 does not allow what you're trying to do.

However, NT7 does if you set Unmanaged = true in your initialize code. You will have to code for this, so you may want to look over the help file and search unmanaged.

[NinjaTrader_Bertrand]

Originally Posted by FireFly

I did that already:

"An Enter() method to submit an entry order has been ignore. Please search on the term 'Internal Order Handling Rules" in the Help Guide for detailed explanation"

Well, as I said I have checked the Internal Order Handling Rules and I don't see why the order is ignored.

What other Set or Exit methods are you using in your code?

[FireFly]

Originally Posted by mrlogik

FireFly,

Which version of NT are you running? NT6.5 does not allow what you're trying to do.

However, NT7 does if you set Unmanaged = true in your initialize code. You will have to code for this, so you may want to look over the help file and search unmanaged.

I'm running NT6.5.

Thanks for your suggestion! However, I first would like to understand why the current setup doesn't work. I don't see why it goes against order handling rules.

[FireFly]

Originally Posted by NinjaTrader_Bertrand

What other Set or Exit methods are you using in your code?

I use:

EnterLong(1,"Long");

only once to enter a long position in one specific bar. After that I intend to reverse and short on

EnterShortStop(1, LTarget, "ShortL");
EnterShortLimit(1, PTarget, "ShortP");

I was expecting in this case that the position would reverse and go short on the EnterShortLimit (because price goes up first) and that a number of bars later an extra short would be entered with the EnterShortLimit.
(EntriesPerDirection>1, this is not the limitation)

[FireFly]

Any ideas why this doesn't work?

[NinjaTrader_Bertrand]

Can you please attach the TraceOrders output you would get in this scenario?

Thanks

[FireFly]

Originally Posted by NinjaTrader_Bertrand

Can you please attach the TraceOrders output you would get in this scenario?

Thanks

2/14/2000 12:00:00 AM Entered internal PlaceOrder() method at 2/14/2000 12:00:00 AM: Action=Buy OrderType=Market Quantity=1 LimitPrice=0 StopPrice=0 SignalName='Long' FromEntrySignal=''
2/15/2000 12:00:00 AM Entered internal PlaceOrder() method at 2/15/2000 12:00:00 AM: Action=SellShort OrderType=Stop Quantity=1 LimitPrice=0 StopPrice=634.72 SignalName='ShortL' FromEntrySignal=''
2/15/2000 12:00:00 AM Entered internal PlaceOrder() method at 2/15/2000 12:00:00 AM: Action=SellShort OrderType=Limit Quantity=1 LimitPrice=674.72 StopPrice=0 SignalName='ShortP' FromEntrySignal=''
2/15/2000 12:00:00 AM Ignored PlaceOrder() method at 2/15/2000 12:00:00 AM: Action=SellShort OrderType=Limit Quantity=1 LimitPrice=674.72 StopPrice=0 SignalName=ShortP' FromEntrySignal='' Reason='An Enter() method to submit an entry order has been ignore. Please search on the term 'Internal Order Handling Rules' in the Help Guide for detailed explanation.'

[FireFly]

Any ideas?

[NinjaTrader_Bertrand]

Unfortunately not FireFly, if no Exits or Sets are working in the mix...can you please send us the strategy / market / chart setting to test it here? You can direct it to support at ninjatrader dot com - thanks

[FireFly]

Originally Posted by NinjaTrader_Bertrand

Unfortunately not FireFly, if no Exits or Sets are working in the mix...can you please send us the strategy / market / chart setting to test it here? You can direct it to support at ninjatrader dot com - thanks

I have just mailed a stripped version of the strategy that shows the problem.