Stop price can't be changed above the market

[timko]

Hi all,
What happens when the error below happens?
a. the Stop price will not be changed
b. the Stop price will be changed to the Last of the previous bar?
c. Or?
Also, how to avoid this kind of error?
Thanks in advance for your help!

Stop price can't be changed above the market. affected Order: Sell 1 StopMarket @ 7530.75

[NinjaTrader_ChrisL]

Hello timko, thanks for your note.

This error means the strategy is trying to place a sell stop order above the market. The code needs to make sure the price to be moved to is below the current market price. You can check the current bid/ask at any time with the GetCurrentBid/GetCurrentAsk methods.

Please let me know if I can assist any further.

[timko]

Chris,
could you modify NT8 to offer an option:
if such an event is encountered, change to market price?
yeah, I know, u will say to create a ticket for me and count in people who also support this. then problem solve till time goes to infinity

[NinjaTrader_Jim]

Hello timko,

This is Jim, responding on behalf of Chris who is out of the office at this time.

This sort of error handling functionality is already possible with NinjaTrader. Please set RealtimeErrorHandling to IgnoreAllErrors and use OnOrderUpdate to trap the order which received an ErrorCode of UnableToChangeOrder. Once trapped, you can call ExitLong/ExitShort to exit the position via market order.

Exiting via market order when this error is received would not be applied across the board as not every person will want to exit their position if they receive an ErrorCode of UnableToChangeOrder. Some users may want to do nothing but let the script stay running.

RealtimeErrorHandling - https://ninjatrader.com/support/help...orhandling.htm

OnOrderUpdate() - https://ninjatrader.com/support/help...rderupdate.htm

We look forward to assisting.

[kirkvan]

In order to address this UnableToChangeOrder issue, does one need to implement both solutions suggested above--using the GetCurrentBid/GetCurrentAsk methods AND setting RealtimeErrorHandling to IgnoreAllErrors + calling ExitLong/ExitShort--or are the approaches either EITHER/OR?

[NinjaTrader_ChrisL]

Hello kirkvan, thanks for your question.

It's up to the developer to decide. NinjaTrader sets the default to Cancel/Close because the majority of people would want to disable the strategy an exit any live positions if an error occurs. If one wishes to handle the error themselves and keep the strategy running they can do so and try resubmitting the order at a new price.

Please let me know if I can assist any further.

[kirkvan]

Thank you. I'll ask my programmer to take a look at this thread.