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When the price hits my expectation, I want to have a pending limit order executed right away below or above the price at 'x' number of ticks away.
Example: Price reached 4005.25 in ES. Immediately, there is a pending buy order executed (anticipating going long in this case) about two ticks below that price. So the pending order gets executed at 4004.75 price.
Is it possible to create a strategy for this?
Thanks.
Can you help answer these questions from other members on NexusFi?
Maybe you're mistaken. I was asking for a strategy which executes a limit order, not Stop limit order by itself. And that too, below the price for going long, not above the price for going long when the price goes up there.
Because you have asked this question you may not be familiar with Ninjatrader ATM Strategies. There are many videos showing how to use / set them up.
The ATM strategy is only the beginning. You will need to program a trigger or manually enter a trade. If you create an ATM Strategy and manually trigger the ATM, you may not need to program an indicator to trigger the ATM. (that would be the easiest way)
If you don't know how to do this type of trigger and ATM you will need to hire a programmer or check the indicators/strategies in Futures.io download area (mostly elite only).
The process is not that difficult but finding something that works for you will need to be customized.
There are a few posts on the forum, here is a post that may give you some ideas. When I last checked it, there were errors in the indicator. But you can check it out to give you some idea of what needs to be done.
