Can't cancel position by StopLoss

[fx.practic]

Hello.

I make a strategy using Managed and Advanced Order Handling approach.
Strategy have to work on UniRenko bars.
UniRenko bars have "fake" open price, so I can't use ExitLong() and ExitShort(), since they close deal on Open price.

In NT7 I used

SetStopLoss( "Signal Name", CalculationMode.Price, Closes[0][0], false ); 

In NT8 It works on history too, but cause errors in real-time (please, look in attach).

So, how to let SetStopLoss() work for me? It very clear and reliable. It don't need any additional efforts on order handling.

And I didn't find any restrictions of using SetStopLoss() in way like this.

https://ninjatrader.com/support/helpGuides/nt8/en-us/

https://ninjatrader.com/support/helpGuides/nt8/en-us/?managed_approach.htm

[NinjaTrader_ChelseaB]

Hello fx.practic,

The error indicates that the order is rejected by the broker. The managed approach was not violated but the price of the order is either at or below the ask price on the buy side or at or above the bid price on the sell side.

I would recommend that you place your stop loss a few ticks away from the current price instead of at the current price.

Also, when using a price as the stop loss value (or other order value), be sure the check that the price is on the correct side of the market before placing the order.

[fx.practic]

So, there are no any other way to exit deal at price, nearest to current price, except market exit orders (ExitLong(), ExitShort()), right?

[NinjaTrader_ChelseaB]

fx.practic,

You could choose a price 1 tick above the ask or 1 tick below the bid with a stop order.

[fx.practic]

Thanks, I understand logic.
I tried, even, both:

SetStopLoss( GetCurrentAsk() - TickSize );
SetProfitTarget( GetCurrentBid() + TickSize ); 

But, I still have errors.

NT8 superior-realistic sim-engine is suspected : StopOrder need time to be changed.
On big replay speed it just have no time to be changed.
Otherwise, on backtest stop losses works norm.
So, may be ExitLongStopMarket(price) will help me.

[NinjaTrader_ChelseaB]

Hello fx.practic,

Are you setting the price of the stop loss after the entry order is placed or before it is placed?

The stop loss will continue using the old price if it is not set and updated before a new order is placed.

[fx.practic]

Yes.
ExitLongStopMarket() and ExitShortStopMarket() (resubmitted on each bar) solved the problem.

So, not SetStopLoss( Close[0] ) for closing position generated problem, but regular stop loss, far from price on submitting before new position opens.

And error appearance was depended from MarketReplay speed - so, it was difficult to locate.

[fx.practic]

Yes.
ExitLongStopMarket() and ExitShortStopMarket() (resubmitted on each bar) solved the problem.

So, not SetStopLoss( Close[0] ) for closing position generated problem, but regular stop loss, far from price on submitting before new position opens.

And error appearance was depended from MarketReplay speed - so, it was difficult to locate.

Right note, thank You, but I encountered this problem many times, so have instinct now: first SetStolLoss(), than EnterLong().