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    Limit Orders

    I would like to know if there is any way to set up a time (for example a few seconds) in order the NT sends a market order when the price reached a limit order but this one has not been executed.

    Thank you in advance.
    Last edited by Plaket; 05-23-2014, 11:24 AM.

    #2
    Hello Plaket,

    Thank you for your note.

    What you can do is run a check if the Close[0] has touched the limit price and you are still in a flat position to cancel that limit order and submit a market order

    Code:
    if(Position.MarketPosition == Position.Flat && Close[0] >= limitPrice)
    {
         CancelOrder(LimitOrder);
         EnterLong();
    }
    You would need to switch the >= to <= for short orders.

    Let me know if I can be of further assistance.
    Cal H.NinjaTrader Customer Service

    Comment


      #3
      Thank you for the reply Cal,

      The problem with that solution is that I have to wait the duration of the bar in order to check if the condition is true. If I'm working with high Time Frames it could be a problem.

      Is there any way to set up a time (for example a few seconds) in order to send an order at market after the price has reached the level of the limit order?

      Thank you in advance.
      Last edited by Plaket; 05-23-2014, 11:14 AM.

      Comment


        #4
        Plaket,

        You set CalculateOnBarClose to false so that you are checking this condition on each incoming tick of data so that you have a more accurate time when the price touches the limit.
        Cal H.NinjaTrader Customer Service

        Comment

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