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Which Rule Do I Break "Managed approach"
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Which Rule Do I Break "Managed approach"

  #1 (permalink)
benwincky
Brussels Belgium
 
Futures Experience: Beginner
Platform: Ninjatrader
Broker/Data: GAINCAPITAL/Forex.com
Favorite Futures: Forex
 
Posts: 14 since Mar 2013
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Which Rule Do I Break "Managed approach"

Hello to you,

I’m obviously breaking a rule using the managed approach

I’m not really good at reading “log file” thought I’m working hard on it

My initialise() section says

CalculateOnBarClose = true;
AddRenko("$EURJPY",5,MarketDataType.Last);
EntryHandling = EntryHandling.AllEntries;


SetStopLoss (CalculationMode.Ticks, Stop);

Meeting certain conditions My Strategy wants to send two orders (sometimes one order only and that works perfect)
TimeInForce is GTC


Let’s suppose we go long
A EnterLong() with a SetStopLoss() and a SetProfitTarget() tagged “Order1”
And in the same set of instruction

A EnterLongStop() tagged “Order2” let’s say X(value) above the entry price of the previous EnterLong() average filled price.

Both should Exit at the “Profit Target” of “Order1”

Here is the code generating the error

private void GoLong()
{
Print(ChartName + " ACHAT EST LANCE"+String.Format("{0:HH:mm:ss}",DateTime.Now)+" "+Price);
SetProfitTarget ("order1",CalculationMode.Ticks,Target);
EnterLong(Coef , "order1");



if(GainToReach > 65)// let’s suppose it is above 65
And now I Hit the problem

{

startPice = Positions[0].AvgPrice + Xparam*TickSize;
Print("startPice "+startPice);
orderStopName = "LongOrderStop";
SetProfitTarget (orderStopName,CalculationMode.Ticks,Yparam);
EnterLongStop(startPice,orderStopName);

}

}
It compiles nice and beautiful
Coef , X , Y have a printout in the output windows and are certified “Clean”

Witch rule do I break

Thanks in advance

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In #init set TraceOrders = true; and then review the output dialog box.

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