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Profit Target Exit ignored

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    Profit Target Exit ignored

    I'm executing a strategy that sets an order with a stoploss and a profittarget

    SetStopLoss(CalculationMode.Price, stp);
    SetProfitTarget(CalculationMode.Price, prof);
    thisorder = EnterShortStop(0, true, 30000, lim, "GTC short");

    Then when the profit target is being reached, the out file states that the buy to cover is ignored -

    7/01/2011 1:00:00 AM Entered internal PlaceOrder() method at 7/01/2011 1:00:00 AM: BarsInProgress=0 Action=BuyToCover OrderType=Limit Quantity=3,000 LimitPrice=1.2997 StopPrice=0 SignalName='' FromEntrySignal=''
    7/01/2011 1:00:00 AM Ignored PlaceOrder() method at 7/01/2011 1:00:00 AM: Action=BuyToCover OrderType=Limit Quantity=3,000 LimitPrice=1.2997 StopPrice=0 SignalName=Buy to cover' FromEntrySignal='' Reason='An Exit() method to submit an exit order has been ignore. Please search on the term 'Internal Order Handling Rules' in the Help Guide for detailed explanation.'
    **NT** An Exit() method to submit an exit order at '7/01/2011 1:00:00 AM' has been ignored. Please search on the term 'Internal Order Handling Rules' in the Help Guide for detailed explanation.
    Reset Lo
    7/01/2011 2:00:00 AM Entered internal PlaceOrder() method at 7/01/2011 2:00:00 AM: BarsInProgress=0 Action=SellShort OrderType=Stop Quantity=0.03M LimitPrice=0 StopPrice=1.2975 SignalName='GTC short' FromEntrySignal=''
    7/01/2011 2:00:00 AM Ignored PlaceOrder() method at 7/01/2011 2:00:00 AM: Action=SellShort OrderType=Stop Quantity=0.03M LimitPrice=0 StopPrice=1.2975 SignalName='GTC short' FromEntrySignal='' Reason='Exceeded entry signals limit based on EntryHandling and EntriesPerDirection properties'
    20110107

    What am I doing wrong?

    #2
    midsea,

    What are you setting the variables "stp" and "prof" to?

    I look forward to helping you resolve your issue.
    Adam P.NinjaTrader Customer Service

    Comment


      #3
      I have print statements in the strategy -
      Print (ToDay(Time[0]));
      Print (ToTime(Time[0]));
      Print (dir);
      Print (trade);
      Print (High[0]);
      Print (Low[0]);
      Print (hilo);
      Print (prof);
      Print (stp);
      Print (be);
      Print (pipsize);
      Print (BarsSinceEntry());
      Print (BarsInProgress);

      the output is
      20110107
      10000
      -1
      True
      1.3028
      1.2997
      1.3227
      1.2997
      1.3227
      1.3112
      0.0001
      32
      0

      The prof and stp figures are 1.2997, 1.3227.

      Thanks for your help.
      Ray

      Comment


        #4
        midsea,

        You are getting some order handling rules that are probably being violated. Please ensure that you have one strategy trading one instrument at a time. In addition, you may want to comment parts of your strategy out and add them in piece by piece so that you can identify where this issue is coming from.

        A comment looks like this //my comment

        Specifically, you are getting an entry handling issue.

        http://www.ninjatrader.com/support/f...37&postcount=2

        And a managed approach rule violation.

        http://www.ninjatrader.com/support/h...d_approach.htm
        Adam P.NinjaTrader Customer Service

        Comment

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