Simulated Stop Claification

[TheCatMan]

I'm an equities day trader and trade mainly during the opening 5-10 minutes. I've had problems closing positions with my broker, TD Ameritrade, during active markets. I use an ATM strategy to open the position and place a Stop Loss. Their system seems to get hung up when I move a stop when chasing the market and it prevents me from closing the position. I thought that I had the answer in using Simulated Stops.

My objective is to use an ATM strategy to open a position with a Simulated Stop in place. When the Simulated Stop is violated, a Sell Stop order to close the position would be sent to my broker.


Example:
Long 1,000 shares at 100.00
Stop Loss at 99.90
ATM Strategy Simulated Volume Trigger: 1000000
Chart Trader properties: Use stop market for stop loss orders set to True


My goal is have a Sell Stop market order submitted upon the stock trading at, or below, 99.90. I set the volume trigger high to make sure the position gets closed out. I'm concerned about a statement in another thread regarding the use of Simulated stops - “if the market trades through the price, then simulated stop is ignored”. Is the proceeding saying that a Sell Stop market order will not be be entered if the securities prices jumps down to 99.89 and never trades at 99.90? If so, any ideas on how I can attain my objective? I made several live trades this morning using Simulated Stops and everything worked perfectly. I just don't want to get into unexpected trouble if a stop price gets jumped.

[NinjaTrader_Brett]

Hello,

There is a small chance this could happen. Simulated stops are just plain and simple more risker.

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

However as far as the stop problem. Can you please email me at support at ninjatrader dot com and reference this forum post and put ATTN: Brett in the subject line and include the following file of the last time you used a stop order.

You can find these files at the following locations, please attach these to a return email as an attachment

My Documents--> NinjaTrader 7--> Log--> log.20110203
for today. (log.yyyymmdd for any other date)

So that I can look into this.

I look forward to assisting you further.