SetStopLoss or ExitLongLimit

[marcyomatheus]

Hello Cal,

What Can I do to fix it?

I imported the script, and still isn't working.

[NinjaTrader_PatrickH]

Hello marcyomatheus,

My apologizes for the confusion here.

The example was to be a representation of IOrders and OnExecution. To ensure the orders are not cancelled you would add the liveUntilCancelled bool to the order method. For example:

ExitLongLimit(0, true, Close[0], "exit", "entry");

Please take a look at the Order Methods at the following link for more information: http://www.ninjatrader.com/support/h...er_methods.htm

[marcyomatheus]

SetStopLoss or ExitLongLimit Reply to Thread

Hello PatrickH.

Didn't work.

See attachment.

Thank you!

[NinjaTrader_PatrickH]

We would also need to Qty listed:

ExitLongLimit(0, true, [B]1[/B], Close[0], "exit", "entry");

[marcyomatheus]

SetStopLoss or ExitLongLimit Reply to Thread

Hello PatrickH.

I put this part that you sent me in my code, but StopLoss still isn't working.

See attachments.

[NinjaTrader_PatrickH]

Hello ,

Thank you for your response.

On historical bars/backtesting the orders will not be submitted until the bar closes that triggers the exit. So the exit order is submitted to the next bar. Using ExitLongStop() will result in the order being filled as a Stop Market order. If you want to limit the exit level you can use ExitLongStopLimit(): http://www.ninjatrader.com/support/h...gstoplimit.htm

[koganam]

There is absolutely nothing on the link you have provided that could help us understand that "orders to exit a position (such as ExitLongLimit()) will be ignored if a position is open and an order submitted by a set method".

Can you please refer us to the proper link?

Expand the last bullet on that page.

[sledge]

Thank you.




I would also be good to know what exactly they mean by "will be ignored". Will it return null? Will it return an IOrder object with an Error code?

Probably zilch.

[NinjaTrader_ZacharyG]

Hello leocrespo,

I've done a test and it looks like the method will return null.

As an example, I've created a simple strategy here that has a SetStopLoss() as well as an ExitLongStop(). ExitLongStop() will be ignored per the handling rules:

private IOrder test = null;

protected override void Initialize()
{
     SetStopLoss(CalculationMode.Ticks, 20);
}

protected override void OnBarUpdate()
{
     if (Position.MarketPosition == MarketPosition.Flat)
     {
          test = EnterLong();
          Print("test EnterLong(): " + test.ToString() + " " + Time[0]);
     }
			
     if (Position.MarketPosition == MarketPosition.Long)
     {
          test = ExitLongStop(1);

          if (test == null)
               Print("test ExitLongStop() is null " + Time[0]);
          else if (test != null)
               Print("test ExitLongStop(): " + test.ToString() + " " +  Time[0]);
     }
}

[koganam]

Thank you.

For anyone also looking for it, it's in the last bullet named "Internal Order Handling Rules that Reduce Unwanted Positions". It's not the best location since neither the Stop or the Target orders are "unwanted positions" .

These rules are important, not intuitive, and they're in a bad spot in the documentation. They should put this in every one of the methods Exit... Long....

Here are the rules:



I would also be good to know what exactly they mean by "will be ignored". Will it return null? Will it return an IOrder object with an Error code?

Examine the log for the verbiage returned, then examine the order to see if you can match what was returned. As I accept the limitation, and code to it, I have never bothered to examine the return.