ChartTrader moving stop loss rejection - NinjaTrader | futures io social day trading
futures io futures trading


ChartTrader moving stop loss rejection
Updated: Views / Replies:1,833 / 7
Created: by PiCoTrader Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

ChartTrader moving stop loss rejection

  #1 (permalink)
Trading Apprentice
Montreal
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CannonTrading /
Favorite Futures: Crude, TF
 
PiCoTrader's Avatar
 
Posts: 40 since Mar 2010
Thanks: 149 given, 47 received

ChartTrader moving stop loss rejection

Anyone using ChartTrader ever had a rejection moving the stop loss?
I set "use stop market for stop loss orders" to true or false...both ways I often end up with rejection as if it was a stopLimit.....really not acting as a stop at market as in Sim


Last edited by Big Mike; November 11th, 2010 at 02:06 AM. Reason: moved to platforms
Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,220 received



PiCoTrader View Post
Anyone using ChartTrader ever had a rejection moving the stop loss?
I set "use stop market for stop loss orders" to true or false...both ways I often end up with rejection as if it was a stopLimit.....really not acting as a stop at market as in Sim

What is the exact error message?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #4 (permalink)
Trading Apprentice
Montreal
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CannonTrading /
Favorite Futures: Crude, TF
 
PiCoTrader's Avatar
 
Posts: 40 since Mar 2010
Thanks: 149 given, 47 received

Bonjour Mike my wise fellow,

when I move my stop to even +1 tick, I end up being too close to market price and often get an error message appearing in front of the chart.
I have to close the error window then hit close at market. Many times, price went pass the entry so I lose what have been a winning scalp.
At first, my reaction is to give the trade a chance by not closing it with a few tick profit but moving the stop to even.
I move the stop as soon as I see the price action not confirming the trade or as soon i realize something is wrong.

Ninja told me to set the "Use stop market for stop loss orders" property from the Chart Trader Properties to true ....so it will not be a stop Limit but a stop at market.....as we get in Sim mode.

But nothing worked! I set it to true or false and see no difference.....
I've been told to bring the target to entry to close the trade and not bring the stop to entry.....but I don't want to close the trade so this advise is not what I'm trying to do.

From the Ninja log, the error is something like "TE_StopLossOrderReject"
I'm still using 6.5

Reply With Quote
 
  #5 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,059 since Sep 2010
Thanks: 1,933 given, 2,782 received
Forum Reputation: Legendary

Based on the description of the error and that it is in sim mode, most likely the issues you are experience are based on you ATM settings and break even settings. Would you be so kind as to send me the exact steps to re-produce along with your ATM settings, break even settings and a screen shot when the error appears. I will also need to know which market you are trading and your datafeed connection. I can test this to see if I can re-produce the error and report back on the best steps to resolve. Thanks and happy trading!

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
 
  #6 (permalink)
Elite Member
las vegas
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Velocity/IB
Favorite Futures: 6E
 
Posts: 1,147 since Feb 2010
Thanks: 304 given, 836 received

I believe you are still getting the error because Ninja won't let you place a stop order on the wrong side of the price even if it is a stop market order. My only thought is to try giving it more room or using simulated stops and see if it fixes the problem. I believe with a simulated stop it doesn't place a stop order, but a market order once the price point is reached, so you shouldn't have the problem anymore, but the risk is if you lose connection during the trade then you will be in the trade without a stop.

Reply With Quote
 
  #7 (permalink)
Trading Apprentice
Montreal
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CannonTrading /
Favorite Futures: Crude, TF
 
PiCoTrader's Avatar
 
Posts: 40 since Mar 2010
Thanks: 149 given, 47 received


mattz View Post
Based on the description of the error and that it is in sim mode,


The trades are Live! ....you don't get this "error handling process" warning in Sim.
In Sim your stop become stop market but live it seems to always be a stop/limit.

Reply With Quote
 
  #8 (permalink)
Trading Apprentice
Montreal
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CannonTrading /
Favorite Futures: Crude, TF
 
PiCoTrader's Avatar
 
Posts: 40 since Mar 2010
Thanks: 149 given, 47 received


vegasfoster View Post
I believe you are still getting the error because Ninja won't let you place a stop order on the wrong side of the price even if it is a stop market order. My only thought is to try giving it more room or using simulated stops and see if it fixes the problem. I believe with a simulated stop it doesn't place a stop order, but a market order once the price point is reached, so you shouldn't have the problem anymore, but the risk is if you lose connection during the trade then you will be in the trade without a stop.


Yes the stop is rejected and considered at the wrong side = stop/limit at fixed price only.
Will try with Simulated orders...it's a good idea and will see if the error pop up.
thanks

Reply With Quote

Reply



futures io > > > > ChartTrader moving stop loss rejection

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Moving stop loss and issue backtesting NT7 erk707 NinjaTrader Programming 4 April 20th, 2011 12:38 PM
Dynamic Stop Loss wallsteetking NinjaTrader Programming 2 March 7th, 2011 09:59 AM
"Stop If Bid" command for entry's and stop loss arjfca EasyLanguage Programming 4 October 7th, 2010 06:05 PM
Trailing stop loss kavin729 NinjaTrader Programming 1 August 20th, 2010 02:17 PM
Stop Loss Order Big Mike Terms (Glossary) 0 June 28th, 2010 01:29 AM


All times are GMT -4. The time now is 11:36 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.12 seconds with 33 queries on phoenix via your IP 54.234.255.29