Buy stop or buy stop limit orders can't be placed below the market

[bosajin]

Hi,

I am developing a strategy and for submitting TP and SL in UnManaged Mode using the following code but get "Buy stop or buy stop limit orders can't be placed below the market"

// For Buy order
SubmitOrderUnmanaged(0, OrderAction.Sell, OrderType.StopMarket, execution.Order.Filled, 0, execution.Order.AverageFillPrice - 90* TickSize, strOCOID, "BuyStop");
SubmitOrderUnmanaged(0, OrderAction.Sell, OrderType.Limit, execution.Order.Filled, execution.Order.AverageFillPrice + 40* TickSize, 0, strOCOID, "BuyTarget");

//For Sell order

SubmitOrderUnmanaged(0, OrderAction.BuyToCover, OrderType.StopMarket, execution.Order.Filled, 0, execution.Order.AverageFillPrice + 40* TickSize, strOCOID, "SellStop");

SubmitOrderUnmanaged(0, OrderAction.BuyToCover, OrderType.Limit, execution.Order.Filled, execution.Order.AverageFillPrice - 90* TickSize, 0, strOCOID, "SellTarget");

I am trying to get a functionality of the below ATM setting(Stop loss =90 and Profit =40)

[NinjaTrader_Kate]

Hello bosajin,

Thank you for your post.

I've plugged your stop and targets into a Unmanaged template example and they seem to be working as I'd expect - I'm not seeing this throw errors. I've attached my test script below. Do you see the same error occurring with this test script?

Thanks in advance; I look forward to assisting you further.

[bosajin]

Hi Kate ,

Thanks for sample code .

I have a problem and would appreciate if you help me out to solve it.

Expectation : I would like to close an order in next bar if it was not closed by stop order or profit order.
Actual : I still have an open position when trying to close an order with a reverse order.


Changed sample code : TestStopTargetUnmanaged.cs

Video: http://sc.com.ly/show/PkfXwGyz4HpVrv3jhIBxq15N9UcZQDbm

[NinjaTrader_Kate]

Hello bosajin,

Thank you for your reply.

You could try using BarsSinceEntryExecution to check how many bars have elapsed since the order was entered, and if so exit the position:

https://ninjatrader.com/support/helpGuides/nt8/barssinceentryexecution.htm

if(Position.MarketPosition != MarketPosition.Flat)
{
if (BarsSinceEntryExecution() > 1)
{
    //your exit logic goes here
}
}

Please let us know if we may be of further assistance to you.

[bosajin]

Hi Kate,

Thank you for swift response .
As you can see in the code , I want to close position when bar is closed and actually using IsFirstTickOfBar because of Calculate = Calculate.OnEachTick which works for me.
The issue is closing position right away and open an new position.
This is reason I am using Unmanaged approach(also your support team has recommended it already due to the Rithmic in-flight execution problem[the broker feed do not update the position as flat]) and I don't want to have an open position without TP/SL as you can see in the attachment.

Please let me know if you need more information.

[NinjaTrader_Kate]

Hello bosajin,

Thank you for your reply.

The example in my previous post in this thread is simply showing that those orders work as written. That particular strategy is not optimized for tracking the strategy position as would be necessary with Rithmic because of the issue with the order of Order/Position/Execution updates - it was simply meant to illustrate that there's not an issue with the orders themselves as shown in your initial post in this thread.

That being said, we're working on a better example for you. With the US Thanksgiving holiday this week, it may take some time to complete, so we'll let you know when that's available for you.

Thanks in advance; I look forward to assisting you further.

[bosajin]

Hi Kate,

Thank you for your response.

Your sample does not work for partial fill. would you please provide me with an another example.

[NinjaTrader_Kate]

Hello bosajin,

Thank you for your reply.

As I mentioned in my previous post, we were working on an updated example that would work with Rithmic. I've attached that example below.

Please let us know if we may be of further assistance to you.