I would like to submit a limit order and the stop loss order for this limit order at the same time. I don't want to wait for the Limit Order Entry to be filled before the Stop Order is placed at the market by the ATM.
Is there a solution in Ninjatrader's ATM strategy (or with an additional or external software script) that I can place a limit order and a stop loss order at the same time in the market?
In fast volatile scalping trades, I want to be sure, that when the limit order gets filled that there is already a protecting stop loss in place before. By doing so, I would like to avoid that my stop loss order is overran by a very fast and volatile market, if the ATM places the important stop loss order to late in the market. Furthermore, if a stop loss order is early pIaced in the market, this stop loss order gets a better time stamp, which very often avoids higher slippage.
Thank you for helping in this important matter
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