my strategy keeps terminating itself

[milemke08]

I'm running my strategy on a live feed, and every time it my Stop Loss is triggered I get the same error, followed by my strategy terminating itself. 2 dialogue boxes pop up, one that says:

"Strategy 'MyStrategy' submitted an order that generated the following error 'OrderRejected'. Strategy has sent cancel requests, attempted to close the position and terminated itself."

and a second box that says:

"Real Feed(That's what I titled my live feed), Buy stop or buy stop limit orders can't be placed below the market, affect Order: Buy ToCover 200 Stop @ 70.48"

Any ideas on how to remedy this so I can get back to testing my strategy?

[NinjaTrader_AdamP]

milemike,

Basically your strategy submitted an order that was rejected. This could be due to order handling rules at your broker, or those internal to ninjatrader via the managed approach.

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

You can use TraceOrders to see the orders in your output window and then identify which orders were generated that caused this.

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

Could you possibly post some of your strategy code here?

[koganam]

I'm running my strategy on a live feed, and every time it my Stop Loss is triggered I get the same error, followed by my strategy terminating itself. 2 dialogue boxes pop up, one that says:

"Strategy 'MyStrategy' submitted an order that generated the following error 'OrderRejected'. Strategy has sent cancel requests, attempted to close the position and terminated itself."

and a second box that says:

"Real Feed(That's what I titled my live feed), Buy stop or buy stop limit orders can't be placed below the market, affect Order: Buy ToCover 200 Stop @ 70.48"

Any ideas on how to remedy this so I can get back to testing my strategy?

What kind of order are you using for the StopLoss, and is the StopLoss to exit a long position or a short position?

[milemke08]

Right now I simply used SetStopLoss in my Initialize() function, because my focus for now is making sure that I have good market entry points.

I also have this if statement in my OnBarUpdate()

protected override void Initialize()
        {
          
		
			//specific variables to my strategy 
			totalDelta1 = 0.0;
			totalDelta2 = 0.0;
			currentGR = 0.0;
			previousGR = 0.0;
			finalCal = 0.0;

		        //for now, I'm testing my strategy on symbols listed between $30-$50
                        //and would like to drop a position as soon as it drops 1% of the cost, 
                        //which is about $80
			SetStopLoss(80);
		
		}



/*
I just use this because, like I said, I'm not yet interested in carrying my positions 
out and want to exit a position on the very next bar after the one I entered it. 
For simplicity I'm only using long positions at the moment.
*/

if(Position.MarketPosition == MarketPosition.Long)
			{
				ExitLong(200);
			}

What kind of order are you using for the StopLoss, and is the StopLoss to exit a long position or a short position?

When you say what kind of order for stoploss, what do you mean?

[koganam]

 
... 
                //for now, I'm testing my strategy on symbols listed between $30-$50
                        //and would like to drop a position as soon as it drops 1% of the cost, 
                        //which is about $80
            SetStopLoss(80);

Something is off here, though I cannot say that is the cause of the issue. $80 cannot possibly be 1% of $30-$50.

Correct that and let us see if that was the issue. For sure, $80 StopLoss on a $50 stock puts the StopLoss as a negative number. It is possible that the NT internal code does not take account of negative currency values, and may be wrapping the value, putting things in an inconsistent state. That, of course, for now, is just speculation. Let us get the code making logical sense, then we can tackle any issues that arise.

When you say what kind of order for stoploss, what do you mean?

You answered that one. You are using Market orders, which makes your problem all the more surprising.

[milemke08]

Oh, I'm sorry I forgot to mention that I'm dealing with 200 shares at a time. I need my positions to be very liquid so I keep that number low. Now, 1% of 200 shares at $30-50 is $80, that's what I meant. Sorry I forgot to mention that.

[hifreq]

I am sure I missed a post on this somewhere but - i dont want my strategy to terminate b/c of a bad order rather just keep submitting until the order is filled - is that a setting under Options or needs to coded?

[NinjaTrader_ChelseaB]

Hello milemke08,

You can prevent your strategy from disabling when receiving a rejection by setting the RealTimeErrorHandling in Initialize().

For example:
RealtimeErrorHandling = RealtimeErrorHandling.TakeNoAction;

Below is a link to the help guide on RealTimeErrorHandling.
http://www.ninjatrader.com/support/h...orhandling.htm