Cannot exit with limit order.

[Ironman9973]

Thats my entry order:

if (Low[0] > SMA(200)[0] && ((RSI(3, 1)[0] + RSI (3, 1)[1]) <= 20))
{

EnterLongLimit(DefaultQuantity, Close[0], "EinstiegLong");
double value = MAX(ATR(20), 900)[0];
value = Close [0] - (value * 5);
SetStopLoss("EinstiegLong", CalculationMode.Price, value, false);
}

Thats my exit order:

if (RSI(3, 1)[0] >= 75)

{
ExitLongLimit(Close [0], "EinstiegLong");
}


This does not work. If I replace the exit order, with a
market order, it works. But the limit order does not work.

Thank you.

[NinjaTrader_Joydeep]

Hello Ironman9973,
The internal order handling rules does not allows one to use the Set() method with the ExitLimit() methods. Please refer to our help guide to know more about it

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

Please set the TraceOrder property to true so that you can get the exact error message in the Output Window which will let you to debug your code.

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

[Ironman9973]

How can I solve my problem? I want a stoploss order and I want to exit with a limit order. Is this somehow possible?

[NinjaTrader_Joydeep]

Hello Ironman9973,
Unfortunately you cannot do it and there are no workarounds.

You have to use a market order to do it (ExitLong or ExitShort).

[sledge]

How can I solve my problem? I want a stoploss order and I want to exit with a limit order. Is this somehow possible?

Will SetProfitTarget work?

[Ironman9973]

Yes, but how can I exit, if the Rsi > 75, with this methode?

[NinjaTrader_Joydeep]

Hello Sledge,
Yes, it will work. Thanks for the workaround.

[koganam]

Yes, but how can I exit, if the Rsi > 75, with this methode?

You check for your exit condition, then use the SetStopLoss() statement to move the StopLoss to the original target limit price.

The actual advantage is that if the market shoots through your target and takes off because the Bernanke makes another stupid move, your stop actually is now sitting at your original profit target as the move pumps more dollari into your account because for once the market run away from your stop!