How to interpret the info in Orders Tab?

[tiffanychan887]

Dear Sir,

Has placed an order using an ATM. Basically, it has two order with stop level 5 ticks and 6 ticks below entry. For one of the order, the profit limit will be 5 ticks above entry, the other one will be 26 ticks above entry.

I enter by clicking with the mouse middle button for long at 93.93, The Order finally bought at 93.95, so the stop level will be 93.90 and 93.89. The profit limit will be 94.00 for one of the entry. Attached is the info in the oders tab.

In the 5th row of the order tab, I can see that I have buy two contract at 93.5. Why are there 4 sell orders. How to interpret the data? What's 93.79 and 93.69? Why can't I see the Profit Limit Order of 94:00?

Thanks.

Tiffany

[NinjaTrader_Jason]

Hello Tiffany,

Because you had two stop losses and two profit targets. These are all sell orders because you were in a long position for 2 contracts.

93.79 is the fill price of your profit target orders. It shows the profit targets were modified so they filled at 93.79.

93.69 is the price of one of the stop losses.

[tiffanychan887]

Dear Sir,

The profit targets are set at 94.00 and 93.95 + 26 ticks. They are not modified to 93.79 which is below the entry price of 93.95. The stop loss are set to 93.90 and 93.89 .

Thanks.

Tiffany

[NinjaTrader_Jason]

Hello Tiffany,

Could it be you hit the Close button? This will modify your profit targets so they will close your position.

93.69 is the limit price of the stop loss. They are submitted at the prices you mention.

[tiffanychan887]

Dear Sir,

I have click the Close Button and both contracts are closed at 93.94 . What is 93.69? What do you mean by the limit price of the stop loss? The stop loss are set at 96.9 and 93.89 for the two contracts.

Thanks.

Tiffany

[koganam]

Dear Sir,

I have click the Close Button and both contracts are closed at 93.94 . What is 93.69? What do you mean by the limit price of the stop loss? The stop loss are set at 96.9 and 93.89 for the two contracts.

Thanks.

Tiffany

Using Market Replay, and while watching the DOM, click on "Close", while you are in a position. You will see that what NT does is to submit a exit Limit Order, well in advance of the market, thus forcing an immediate close at Market. A very efficient method of getting out of a market instantly; which is what hitting "Close" implies.