Buy Stop Bid Order

[backtester831]

Hello, is it possible to create Buy Stop Bid Order either using default NinjaTrader or a script?

The idea would be to target +1 tick above desired entry price, then convert to buy limit order for entry.

The goal is to avoid entry when only the ask price hits the buy stop order, and instead wait until bid price hits the target. Picture below is an example. A normal buy stop would have been triggered where it says avoid.

[NinjaTrader_Jesse]

Hello backtester831,

Welcome to the NinjaTrader support forum.

If you wanted to use the bid price specifically you could do that. In the DataSeries window you can select Bid prices when configuring a chart rather than Last prices. This would allow you to base manual orders off of the bid price chart. Alternatively, this could be accomplished using NinjaScript by referencing the Bid prices in code rather than the Close price.

To place orders specific distances from a target entry price would depend if you wanted to do that with a script or manually. Manually you would just need to select that price when submitting the order. When using NinjaScript you can configure any amount of steps or variables that need to be met before submitting an order. A price could be calculated or you can also specify distances like 1 tick.

I look forward to being of further assistance.

[backtester831]

Thank you, this is helpful.

Hello backtester831,

Welcome to the NinjaTrader support forum.

If you wanted to use the bid price specifically you could do that. In the DataSeries window you can select Bid prices when configuring a chart rather than Last prices. This would allow you to base manual orders off of the bid price chart. Alternatively, this could be accomplished using NinjaScript by referencing the Bid prices in code rather than the Close price.

To place orders specific distances from a target entry price would depend if you wanted to do that with a script or manually. Manually you would just need to select that price when submitting the order. When using NinjaScript you can configure any amount of steps or variables that need to be met before submitting an order. A price could be calculated or you can also specify distances like 1 tick.

I look forward to being of further assistance.