Enter using Limit order with Strat Wizard

[billr]

I tried to use the Wizard to create a simple strategy that uses Limit orders instead of simple EnterLong/Short. So when 'something happens' I wanted to set an Entry Limit order with where limit price = a defined price level variable.

Example:

If 'something' happens
then set variable0 and enter via limit:

{
Variable0 = Low[1];
EnterLongLimit (DefaultQuantity, Variable0, "")
}

Where am I going wrong here? How do you use EnterLimit in the Wizard?

Thanks.

[NinjaTrader_RyanM1]

Hi billr,

It looks OK from here. Where are you running this strategy (historical or real time) and what is wrong exactly?

[billr]

Hi Ryan,
It simply did not place the order.
I was testing it in MarketReplay.

[billr]

Also, if it does intitiate an order, what determines how long the order is in effect? If I want to place a time or number of bars limit on how long the Limit order is in place, how do I do that?

thanks.

[NinjaTrader_RyanM1]

You will need to debug this, by using Print() to check values used in your entry conditions, and checking TraceOrders output for messages related to strategy orders. Also check that the strategy is green and ready to submit orders. Help for using these tools is available here:

http://www.ninjatrader.com/support/forum/showthread.php?t=3418

The order will be live for one bar unless the conditions remain true for the order, and then will remain active. You can submit orders using the advanced overload with liveUntilCancelled = true, if you wanted to custom code your own cancellation logic. This sample can help with using CancelOrder:

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