Held/Staged orders

[ScottB]

Hi,

Is there any concept of held/staged/pending orders in NinjaTrader? Under certain circumstances, I would like to prepare orders ahead of time and then release them.

I know I can put an order off the market and then move it but I am trying to avoid that. However, if there isn't a way to do that, does anyone know how far away you can put orders in the currencies 6E, etc?

Thanks
Scott

[NinjaTrader_RyanM1]

Hello Scott,

The closest we have to this is simulated orders. These are locally held orders that are awaiting some condition before being sent to your broker. With NinjaScript: Stop loss orders submitted with SetStopLoss() can be simulated. This concept also extends to the Superdom with simultated stop orders.

http://www.ninjatrader-support.com/HelpGuideV6/Overview12.html

Unfortunately I'm not sure how close orders must be when trading 6e. Hopefully another community member can offer input here or your broker should have this information.

[ScottB]

Ryan, thanks for the information. I am using the unmanaged approach so neither of the options you mentioned will work for me.

I spoke with the CME and the answer for 6E is 60 ticks off the market. If you go to their website and search for price bands you will find a .pdf file that has the values for all the various contracts.

Thanks again
Scott

[NinjaTrader_RyanM1]

Thanks, Scott. I checked CME site but didn't know exactly where to look. Thanks for the tip.

[ScottB]

Glad I could be of help