I have a question regarding the execution of orders outside regular trading hours.
Lets say I usually trade an e-mini S&P futures contract that just closed for the day (4:15pm) at 1000. I have no position on and I want to be short at 990 if the price touches that level during the night session.
At 6pm, I see that price action is trading around 1005. Using Chart Trader I put in a Sell Stop Limit order at 990 and wait to see if my order will be filled during the night session.
My question is this: when using NinjaTrader in Trading Mode (as opposed to Simulation Mode) what is happening under the hood when the order executes for a Stop Limit order? What type of order is sent to my Interactive Brokers TWS console? An equivalent "stop limit" order or a "market" order?
Thanks in advance.
- mp
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