Submit Simulated Stop Limit Order in NinjaScript

[ctrent]

From BasicEntry its possible to enter a Buy Stop Limit order where the Limit Price is below the Stop price. Once submitted it has a Status of Trigger Pending until the Stop price is hit and the the Limit order below is summited and working. Example in documentation is Stop of 1000 is hit and Limit order to buy at 995 is Submitted.

When I attempt to do this with NinjaScript the Error that Limit Price can not be below Stop price pops up.

How can this order be submitted using NinjaScript?

[NinjaTrader_ChrisL]

Hello ctrent, thanks for writing in.

The basic entry window attempts to be as user-friendly as possible by converting the order to a limit order through custom orders. This is part of the NinjaTrader core and is not available in NinjaScript, so any NinjaScript strategy will need to follow the rules that Chart Trader follows and only submit buy stop limit orders above the current market price. When an order is trigger pending, it is simply waiting for the order to become valid before its submitted, so your strategy must watch the market price before submitting the order and prevent the order from being submitted at an illegal price level.

Best regards,
-ChrisL

[Mindset]

Hi NinjaTrader_ChrisL
I think what some of us would like to know though is how to code this SS order (negative limit order for example) in NinjaScript - could you give an example please?

[ctrent]

Hi Mindset,

I was able to get this working in NinjaScript This is a snippet of code where it does this in an Indicator that adds functionality to the ChartTrader panel. If used in a strategy some change may be necessary.

This example submits a Buy StopLimit above current price by EntryOffsetTicks if the. The order goes in TriggerPending until the StopPrice is hit then submits the Limit Order.

Myself and a couple of user have been using this for several with no issues.

Hope this helps.
Chris (aka ctrent)

if ( BuyOnBarClose )
{
if ( this.EntryOffsetTicks > 0 )
{ // submit StopLimit order above
double stopPrice = Close[0] + (this.EntryOffsetTicks*ticksize);
double limitPrice = stopPrice + (this.StopLimitOffsetTicks*ticksize);
// 2
buyOrder = account.CreateOrder(Instrument, OrderAction.Buy, OrderType.StopLimit, OrderEntry.Manual, TimeInForce.Day, quantity, limitPrice, stopPrice, OCO_String, "Entry", Core.Globals.MaxDate, null);
buyTriggerPrice = 0;
buyOrderStart = CurrentBar;

//Attach the AtmStrategy
buyStrategy = NinjaTrader.NinjaScript.AtmStrategy.StartAtmStrate gy(buyStrategy, buyOrder);
}
else
{ // submit Limit order below
double stopPrice = 0;
double limitPrice = Close[0] + (this.EntryOffsetTicks*ticksize);
// 2
buyOrder = account.CreateOrder(Instrument, OrderAction.Buy, OrderType.Limit, OrderEntry.Manual, TimeInForce.Day, quantity, limitPrice, stopPrice, OCO_String, "Entry", Core.Globals.MaxDate, null);
buyTriggerPrice = 0;
buyOrderStart = CurrentBar;

//Attach the AtmStrategy
buyStrategy = NinjaTrader.NinjaScript.AtmStrategy.StartAtmStrate gy(buyStrategy, buyOrder);
}



}

[trader-ap]

To implement improved pricing for Stop Limit orders (i.e. Limit Price < Stop Price for Buy or Limit Price > Stop Price for Sell) then have a look at the solution I have found:

https://ninjatrader.com/support/forum/forum/ninjatrader-8/indicator-development/1066296-simulated-stop-limit-order-error?p=1212900#post1212900