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Ninja Limit - GetCurrentAsk or Bid
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Ninja Limit - GetCurrentAsk or Bid

  #1 (permalink)
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Ninja Limit - GetCurrentAsk or Bid

Hi,

I have no doubt that this has been answered somewhere on here before but I haven't been able to find it. I'm also certain there is a simple solution but it's escaping me. If someone could offer some advice I would really appreciate it.

I'm developing a strategy and I want to play around with using Limit orders. When my order entry condition is violated I want to get the current ask ( GetCurrentAsk() ) and add five or so ticks to the limit sell order.

So, for example, trading crude the current ask is 92.99. I want to take 92.99 and + 0.05 and use that value 93.04 as the Limit Sell order. I am assuming that if I try to use GetCurrentask()+0.05 the Ask will continue to move and so will my order. How do I get the current Ask, store it as a constant, add five ticks to it and use that for my order?

I hope that was clear. Thanks

Wolfie

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  #2 (permalink)
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  #3 (permalink)
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Are you trying to write a strategy or are you just wanting to trade using that approach?

If you are just looking to trade that way, have you reviewed Nina's ATMs?

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Use ticksize function in NT

I'm going from memory here but I believe the following would work:
GetCurrentask() + (TickSize * 5)

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double entryprice = GetCurrentAsk() + (5 * TickSize)

EnterLongLimit(entryprice);

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  #6 (permalink)
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That works!

Thanks guys! I used Big Mike's example and that worked perfectly. In my particular strategy using limit orders makes a massive difference. It improved the back-test results by about 20%. I'll live sim that next week, hopefully it performs as well during real market conditions.

Thanks again guys. I really appreciate your help.

Happy Trading!

Wolfie (The Werewolf) Wolf

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