Let's say price is at 1000. I would like to short if price breaks below 999.50. If I right click and place a sell stop limit at 999.50, does that mean it will only short if 999.5 is broken through (kind of like when you have a target set, price has to trade through to fill) and I will get fill at 999.5? How is different from a sell stop? If I use a sell stop limit is there a possibility price could coast through without me getting fill?
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Limit Order Question
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Limit Order Question
Kind of a dumb question here.
Let's say price is at 1000. I would like to short if price breaks below 999.50. If I right click and place a sell stop limit at 999.50, does that mean it will only short if 999.5 is broken through (kind of like when you have a target set, price has to trade through to fill) and I will get fill at 999.5? How is different from a sell stop? If I use a sell stop limit is there a possibility price could coast through without me getting fill?Tags: None
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Hello jonbig04,
Thank you for your post.
When submitting a Sell Stop Limit at 999.50 you are stating that you are only willing to get filled at this specific price.
When submitting a Sell Stop this is considered a Market Order and once a contract has been executed at this price your order will automatically be sent to Market and filled at the current trading price.
Keep in mind when using a Market Order you are not guaranteed a specific price.Christopher J.NinjaTrader Customer Service
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Originally posted by NinjaTrader_ChristopherJ View PostHello jonbig04,
Thank you for your post.
When submitting a Sell Stop Limit at 999.50 you are stating that you are only willing to get filled at this specific price.
When submitting a Sell Stop this is considered a Market Order and once a contract has been executed at this price your order will automatically be sent to Market and filled at the current trading price.
Keep in mind when using a Market Order you are not guaranteed a specific price.
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I'm having trouble figuring out exactly how to work the stop limit orders. This is what I would like to be able to do:
Say price is fluctuating between 1000.50 and 1000.25. I would like to place a short at 1000.25 and get fill at that tick, but only if it breaks down and moves to 1000. If price keeps fluctuating at 1000.5 and 1000.25 and goes up, I simply never get fill.
How can this be accomplished?
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Hello jonbig04,
The only option you have for the trade you are describing is to use a negative offset with a Sell Stop Limit Order at 1000.00.
For example if you submit a Sell Stop Limit Order at 1000.00 with an offset of -1 once an execution has occurred at 1000.00 your order will be submitted 1 tick above at 1000.25. But keep in mind your order is submitted at 1000.25 and if the market does not trade at that price again you may not be filled.
I have provided alink below to our Help Guide that goes over Submitting Orders.
Please let me know if I may be of further assistance.Christopher J.NinjaTrader Customer Service
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