StopLimit Orders

[GLFX005]

Hello staff,

Are StopLimit orders triggered by the Last price and then converted to a Limit order?
I have a feeling that my StopLimit orders are triggered by the Bid/Ask instead of Last price.
I have sent a video showing what happened to the "Contact Support" on your brokerage website with the same name as my Forum account name.

Thank you for your time.
Best wishes,
GLFX

[NinjaTrader_RyanS]

Hello GLFX005,

Once orders are submitted to your broker and are in an accepted/working state they are filled based off the specifications of the order and market conditions, so this would vary between brokers. In most cases, the last price is used by default as to avoid wide bid/ask spreads in illiquid/volatile markets. I would recommend confirming with your broker as to what price is used to trigger the stop order.

Please let us know if you have any further questions.

[GLFX005]

Hello RyanS,

Thank you for your reply.
I have Ninjatrader as my broker (using Dorman).
Would you know what method Ninjatrader is using?

I'm looking forward to your reply.

All the best,
GLFX

[NinjaTrader_RyanS]

Hello,

In this case the last traded price would be used for triggering stop orders.

Please let me know if you have any further questions.

[GLFX005]

Hello,

In that case there is indeed something strange about the thing that happened in the video that I provided.
Is this still being reviewed?

[NinjaTrader_RyanS]

Hello,
I've replied to your email regarding this order requesting information, please reply to that email with the requested information and I will further analyze what occurred.

Thanks-