Still on orders

[MAX]

Just one question about orders in NT6.

If I want to program an order to buy with limit and my order is, let's suppose 50, if the next bar my order to buy limit is still at 50, NT6 puts a new order at 50, so cancelling the previous order at 50 as well, or at the new bar NT6 collects the previous order because it is at the same level of the actual one?

The answer is important because in case of a new order, the risk is to go always at the bottom of the list order on the market book while the order level is the same.

Thanks for any answer.

[NinjaTrader_Ray]

imported post

Hi Max,

Good question. On the next bar, the order is left untouched (preserving your exchange queue position) if the price and qty parameters are the same as the previous bar. It is only changed if price or qty has changed from the prior bar.

Ray