very basic order question!

[reggiedonald]

Hello, new to the dynamic DOM and just wondering how I go about placing an order ABOVE current price? sorry for such a newb question just it's driving me mad lol

I am using MB Trading as a feed and so in tenth pip for data, so if trading GBP/USD for example and price is currently 1.5728'2' and I wish to go long at 1.5730'8' for instance, how do I go about making this order so it will just execute once price reaches that level??

thanks

[NinjaTrader_CalebS]

reggiedonald,

Thank you for your note.

You can place stop market and stop limit orders by clicking with the middle mouse scroll wheel on the DOM beyond price. Here is a link to the Help Guide and video on placing orders in the SuperDOM: http://www.ninjatrader.com/support/h...es/nt7/sub.htm

Please let me know if I can assist you further.

[reggiedonald]

Hey thanks for that, clears it up..

I'm a bit confused tho, I am practicing basic order entry see..
anyway I hold CTRL, and mid mouse button at a price above current price (in this example I just did 10000 on GBP/USD at 1.5738'0, so once the ask price hits it I get a message thrown up saying:

"MB Trading. Sell Stop or Sell Stop limit orders can't be placed above the market. affected order: Sell 10000 stop @ 1.5738'0" with an OK button for me to click

Why is it doing this? thanks

[reggiedonald]

I think I just figured it out, please explain if I am right lol

I had an ATM strategy setup for 10 on my stoploss... I was under the impression this meant 10 pips - however am I correct in saying that with my data on 'tenth pip' it actually only means a stop of 1 pip, hence when I get filled the stop is already above bid price which causes that message?

Hope I am correct lol
Thanks again

[NinjaTrader_CalebS]

Yes that is correct. If you want a stoploss of 10 pips when you have it set on tenth-pips, you would need to enter '100' in the stop field.