ShortStop and ShortLimit at the same time

[Deorn]

hey guys

in my very simple strategy i just want to place a shortstop and a shortlimit order at the same time

like this:

EnterShortLimit(entryLevel+20*TickSize,"Shortlimit ");
EnterShortStop(entryLevel-20*TickSize,"Shortstop");

sadly the strategy only places the first Order
any help?

regards, Deorn

[NinjaTrader_Bertrand]

Deorn, thanks for the post - this would be unfortunately expected in the managed mode as this approach with competing orders would be caught by the Internal Order Handling Rules -

http://www.ninjatrader.com/support/h...d_approach.htm (bottom section here).

For more flexibility we have the Unmanaged mode as well in NT7, where those 'guards' would not be effective - http://www.ninjatrader.com/support/h...d_approach.htm

Yet another approach would be monitoring price and only submitting one order in managed mode then as needed.

[Deorn]

thanks for your response Bertrand

sadly it still doesnt place the second order

protected override void Initialize()
{

     CalculateOnBarClose = false;
    Unmanaged = true;
}

protected override void OnBarUpdate()
{
    // Entries
			SubmitOrder(0,OrderAction.Sell,OrderType.Limit,1,entryLevel+50*TickSize,0,"ocoshort","s1");
			SubmitOrder(0,OrderAction.Sell,OrderType.Stop,1,entryLevel-50*TickSize,0,"ocoshort","s2");

}

please help
i want that both orders are placed on the chart

redards, deorn

[NinjaTrader_Bertrand]

I would suggest you check via the TraceOrders what exactly is happening on the hood with your order submission - http://www.ninjatrader.com/support/f...ead.php?t=3627

Wouldn't the first order fill pretty much instantly and then cancel the second as they are OCO?

[Deorn]

giving them different ocoid doesnt fix the problem

the traceorders command gives me this

08.03.2013 08:02:04 Entered internal SubmitOrder() method at 08.03.2013 08:02:04: Action=Sell OrderType=Limit Quantity=1 LimitPrice=7980,0 StopPrice=0 OcoId='ocoshort' Name='s1'
08.03.2013 08:02:04 Entered internal SubmitOrder() method at 08.03.2013 08:02:04: Action=Sell OrderType=Stop Quantity=1 LimitPrice=7930,0 StopPrice=0 OcoId='ocoshort1' Name='s2'

but i only see the limit order (the first order) been placed on a different fdax chart where the charttrader is enabled
it also makes no difference if there is a open position in the fdax or not

[NinjaTrader_Bertrand]

Right, they are both submitted - but one would fill instantly, as you place it as marktable limit order, not a StopLimit / Stop order.

Wouldn't the script show a strategy position then for you, with the one remaining stop order placed?

[Deorn]

can you write me the solution please

[NinjaTrader_Bertrand]

I guess I'm not exactly clear what you're trying to achieve - bracket the market with a limit order above the market to sell and below the market to buy?

[Deorn]

no i just want to achieve a OCO TP and SL Order for a already opened long position

[NinjaTrader_Bertrand]

Ok, then I would suggest not using the unmanaged mode, but just either working via :

1. The Set() methods (the generated stop / targets would be OCO'ed per se) -

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

2. Use the Exit() methods to submit your Limit target and Stop exit order, like shown here -

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

[Deorn]

thanks but that does not display the opened sl and tp orders onto the other chart where the charttrader is enabled, and I need that

my scenario is like that:
i have manually opened a long position, then I manually delete the inital sl and tp, start the ninja strategy, which put the sl and tp for the long position on the chart
and I want to see these two orders

I hope you understand that

[NinjaTrader_Bertrand]

Thanks, but this would unfortunately not be possible with a NinjaScript strategy in general, if you had ChartTrader enabled. NinjaScripts are run as self contained instances managing the entry and exit conditions as programmed in your code.

If you wanted to manually adjust resulting orders, then you could for example call ATM Strategy Templates for exit management - however then the entry would have to come from the script as well.