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Placing an order when Stop is triggered
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Placing an order when Stop is triggered
If I have long and price goes against me and stop out, I would like to place another long order right at the price I'm stop out. If I want to place the 2nd long order together with the 1st long order, what's the correct way of implementing this? Thanks. Tiffany.Tags: None
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tiffany,
For this you would want to use the "Auto reverse" option. You can read more about it here : http://www.ninjatrader.com/support/h...to_reverse.htmAdam P.NinjaTrader Customer Service
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Placing an order when Stop is triggered
Dear Adam,
Just want to clarify. At first, I think Reverse at Stop means if the previous order is Long and is stop out, the system automatically enter a Short Order and expecting price to continue dropping when price drops to the Stop Limit of the previous order. Is this the case?
Thanks for your support.
Tiffany
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That is correct. For example if you are Long 1 contract NinjaTrader will set a Order Qty of 2 contracts at your Stop Loss price automatically to then flip the position to a Short at the same time as being stopped out.
I have also provided a link below to our Help Guide that goes over the Advanced Options:
Last edited by NinjaTrader_ChristopherJ; 08-13-2012, 06:42 AM.Christopher J.NinjaTrader Customer Service
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Placing an order when Stop is triggered
How about when Stop is triggered, I want to long instead of short? Thanks. Tiffany.
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