stop/limit order question - NinjaTrader | futures io social day trading
futures io futures trading


stop/limit order question
Updated: Views / Replies:2,215 / 5
Created: by stefan416 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
 

stop/limit order question

  #1 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Intermediate
Platform: Ninjatrader, MT4
Favorite Futures: Forex, US Index Futures
 
stefan416's Avatar
 
Posts: 48 since Sep 2011
Thanks: 7 given, 2 received

stop/limit order question

Hey fellow traders, I was wondering if this order placement possibility exists in Ninjatrader. Im basically looking to set a buy limit order above the current trading price without it being triggered until price trades through and back again. For instance, we have a 10 range chart trading at 90.00 with a new bar forming at 90.11 (+1 on of the range bar). I would like to be able to place a buy limit order at 90.10 but only if the new bar forms when price trades through 90.10 to form the new bar. Right now I am placing buy stops at the .11 (+1 on the bar). I figure an extra 1 or 2 tick can go a long way towards making up for slippage etc.

I know you are able to do this type of limit order on Oanda's Java platform on their basic order entry windows. If anyone knows if this is possible Id really like to know!

Reply With Quote
 
  #2 (permalink)
Elite Member
Zurich Switzerland
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: ES, 6E, CL
 
Posts: 404 since Sep 2009
Thanks: 64 given, 511 received

This is a contingent order and you have to code it in an indicator or a strategy. It does not exist just ready to use in NT.

I did use something similar in this tool.

You have to define conditions that you want to be true before an order is placed.

Reply With Quote
 
  #3 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Intermediate
Platform: Ninjatrader, MT4
Favorite Futures: Forex, US Index Futures
 
stefan416's Avatar
 
Posts: 48 since Sep 2011
Thanks: 7 given, 2 received


Thanks terratec, Ill check it out. would I have to modify the indicator for my purpose? How use it seems to be eluding me lol

Reply With Quote
 
  #4 (permalink)
Elite Member
Zurich Switzerland
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: ES, 6E, CL
 
Posts: 404 since Sep 2009
Thanks: 64 given, 511 received

Take it as an example how you could do it. You cannot just change this indicator as the contingent order is only a very small part of it.
You have to write your own.

Reply With Quote
 
  #5 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


stefan416 View Post
Hey fellow traders, I was wondering if this order placement possibility exists in Ninjatrader. Im basically looking to set a buy limit order above the current trading price without it being triggered until price trades through and back again. For instance, we have a 10 range chart trading at 90.00 with a new bar forming at 90.11 (+1 on of the range bar). I would like to be able to place a buy limit order at 90.10 but only if the new bar forms when price trades through 90.10 to form the new bar. Right now I am placing buy stops at the .11 (+1 on the bar). I figure an extra 1 or 2 tick can go a long way towards making up for slippage etc.

I know you are able to do this type of limit order on Oanda's Java platform on their basic order entry windows. If anyone knows if this is possible Id really like to know!

This order exists in NT -- hold control + click middle button on your dom. The number that then appears is the offset. Set it to -1 if you want the buy limit to be one tick below the stop price. Vice versa for sell orders.

Reply With Quote
 
  #6 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Intermediate
Platform: Ninjatrader, MT4
Favorite Futures: Forex, US Index Futures
 
stefan416's Avatar
 
Posts: 48 since Sep 2011
Thanks: 7 given, 2 received


josh View Post
This order exists in NT -- hold control + click middle button on your dom. The number that then appears is the offset. Set it to -1 if you want the buy limit to be one tick below the stop price. Vice versa for sell orders.

That's exactly what I was looking for. Thanks!

Reply With Quote

Reply



futures io > > > > stop/limit order question

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
Limit Order and Trailing Stop Tiger45 NinjaTrader Programming 7 May 9th, 2013 06:57 AM
MC - Coding for Stop Limit Order arjfca The Elite Circle 2 January 25th, 2011 06:18 AM
Sell Stop limit order PowerM NinjaTrader 10 September 17th, 2010 02:41 PM
Stop Limit Order Big Mike Terms (Glossary) 0 July 2nd, 2010 12:37 PM
Stop Limit Order with InteractiveBrokers tom1 NinjaTrader 2 June 20th, 2010 11:29 AM


All times are GMT -4. The time now is 09:39 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 0.09 seconds with 19 queries on phoenix via your IP 54.221.93.187