SetStopLoss not send to the broker

[Thomas79]

Hi

when i write this code :

// Condition Buy
if (CrossAbove(Stochastics(5,Stoch, 3).K, survente, 1)
{
EnterLong(DefaultQuantity, "Achat");
SetProfitTarget("Achat", CalculationMode.Ticks, target);
SetStopLoss("Achat", CalculationMode.Ticks, stop, true);
}

My profit order is sent to the broker, the state in NT is green "working"

but the StopLoss is yellow and "initialzed" and i cannot see it on the broker plateforme... so the time NT send the order to the broker i have a slippage of many ticks, so how it is possible to have a stoploss order state green and "working" sent to the broke like the profit ?

Can you help ?

[NinjaTrader_Matthew]

Hello,

You have the "Simulated" bool set to true in your SetStopLoss method. The simulated Stop will be held on your local PC and not send to the broker until the stop is triggered.

If you would like to send the Stop to the broker, please change this to false:

SetStopLoss("Achat", CalculationMode.Ticks, stop, [B]false[/B]);

[Thomas79]

I have another problem, when i change the EnterLong by an EnterLongLimit like that:

// Condition Buy
if (CrossAbove(Stochastics(5,Stoch, 3).K, survente, 1)
{
EnterLongLimit(DefaultQuantity, Close[0], "STSAchat");
SetProfitTarget("STSAchat", CalculationMode.Ticks, target);
SetStopLoss("STSAchat", CalculationMode.Ticks, stop, true);
}
// Condition Sell
if (CrossBelow(Stochastics(5,Stoch, 3).K, surachat, 1)
{
EnterShortLimit(DefaultQuantity,Close[0], "STSVente");
SetProfitTarget("STSVente", CalculationMode.Ticks, target);
SetStopLoss("STSVente", CalculationMode.Ticks, stop, true);
}

when for example the position is long and a bearish signal is sent, it is not reversing the position... but if the entry order are not limit (EnterLong and EnterShort), it is reversing... i don't understand why the nature of the entry order is changing the reversal position...

[NinjaTrader_Matthew]

Hello,

There are some Internal Order Handling Rules that Reduce Unwanted Positions
that can be envoked that will prevent you from entering multiple orders at the same time. For example:

Methods that generate orders to enter a position will be ignored if:
• A position is open and an order submitted by an exit method (ExitLongLimit() for example) is active and the order is used to open a position in the opposite direction
• A position is open and an order submitted by a set method (SetStopLoss() for example) is active and the order is used to open a position in the opposite direction
• The strategy position is flat and an order submitted by an enter method (EnterLongLimit() for example) is active and the order is used to open a position in the opposite direction
• The entry signal name is not unique

There are ways to avoid these however - can you please clarify if you're completing your strategy by hand through code or through the Strategy Wizard?

[Thomas79]

i'm completing my strategy by hand through code.

[NinjaTrader_Matthew]

I would recommend using OnExecution or OnOrderUpdate to set your SetStop and SetTarget to prevent these orders from being ignored at the OnBarUpdate call when the entry condition is true.

Please see our Reference Sample on Using OnOrderUpdate() and OnExecution() methods to submit protective orders

http://www.ninjatrader.com/support/forum/showthread.php?t=7499

I'd also suggest enabling the TraceOrders property for additional debugging to understand exactly why the order are being ignored or canceled.

More information on TraceOrders can be found below:

http://www.ninjatrader.com/support/forum/showthread.php?t=3627

[Thomas79]

Hi Matthew

i wrote the code with OnExecution and OnOrderUpdate but the problem is when the strategy is long and there is a sell condition, the strategy stay long untill the stop or the target is hit.

With the previous script OnBarUpdate, it is reversing if i'm long and a sell condition appears.

you will find enclosed my code if you can help.

Thx.

[NinjaTrader_RyanM1]

Hi Thomas79,

This will require some advanced order handling to work around, and you have to move away from "set" statements completely.

Set orders are mainly for convenience and your strategy will require more control with orders. Once set, they cannot become unset (they'll be applied to any position matching signal name), they can't be cancelled, and these working orders will always prevent submission of a limit reversal order according to internal order handling rules.

Here is what's required for limit order reversal while having protective orders:
Use the previously linked OnOrderUpdate()/ OnExecution reference sample for help submitting protective orders with the same timing as set orders. Instead of set, your target order needs to be submitted with either ExitLongLimit() or ExitShortLimit().

If you want a reversal with a limit order, you must first cancel the working exit order, and then submit your entry order. This sample can help with CancelOrder()

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

This can be a bit tricky to code and knowledge of advanced topics like IOrders and advanced event handlers is needed. These pages can help you more with that:

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

http://www.ninjatrader.com/support/helpGuides/nt7/advanced_event_driven_program2.htm

[Thomas79]

Hi Ryan

if i well understand, if the position is long and there is a selling signal

i have to:

1 - cancel the exitlongstop() and the exitlonglimit() orders
2 - exit the long position with a exitlong() order (because i want to exit at market not with a limit)
3- and then send an entershortlimit() order

is it all right ?

but i have to call all this handling in the OnBarUpdate or in OnOrderUpdate ?

Thx

[NinjaTrader_Joydeep]

Hello Thomas79,
Yes, but you have to make sure the orders are cancelled and the position is flat before submitting the Sell limit order.

You can put the Exit orders and the order cancellation order in OnOrderUpate (or OnExecution) and put the entry order in OnBarUpdate (after making sure that you are flat etc).

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?onexecution.htm

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?onorderupdate.htm

Please let me know if I can assist you any further.

[NinjaTrader_RyanM1]

Internal order handling rules will not apply to market orders like ExitLong() and ExitShort(). This means you do not have to cancel working exit limit orders since this would already be handled by these market exit orders.

Cancelling is needed when you want to replace the working exit limit order with an entry limit order for reversal.

[Thomas79]

ok Ryan

so i have just to say

if position long and selling condition appears, exitlong() order and entershortlimit() order

and that on the OnBarUpdate ?

[NinjaTrader_RyanM1]

That's the idea but you can't have both orders in the same place. They need to be submitted in a sequence. This is ultimately the sequence you should go for and it could be done all in OnBarUpdate or using advanced handlers depending on your experience with them:
Market sell condition > Submit ExitLong() > ExitLong filled > Submit EnterShortLimit() order.

Since part of this sequence depends on the exit long order filled, OnExecution() is the best place to check for this.

If you wanted to work only in OnBarUpdate() you would still need to code a sequence with bool flags (or user variables), and a MarketPosition check.