Announcement
Collapse
No announcement yet.
Partner 728x90
Collapse
NinjaTrader
Sell Stop Limit Order Not Working
Collapse
X
-
Sell Stop Limit Order Not Working
I am using an ATM strategy to trade 4 contracts - 3 contracts with a target of 3.5 pts and 1 contract as runner for 10 pts. With chart trader on, when I left-click on the chart and choose Sell Stop Market order, the sell order is accepted and I see the order placed. However, when I choose Sell Stop Limit order, which I preferred, the sell order does not get placed and instead, I am asked how many contracts as shown on the attached image. I'm new to Ninja Trader so I am confused why I am prompted with to specify how many contracts when I am using an ATM strategy. Am I missing any configuration to make this work. Thanks.Tags: None
-
Hello renehtx,
Thank you for your post.
Stop-limit orders act as a hybrid between stop market orders and limit orders. These orders are executed at a specific price or better after a stop price is reached. This means that a trader must define a stop price as well as the limit value.
Stop-limit orders provide traders with greater control over order entry, but since there is a limit value involved, the orders are not guaranteed to be executed. While this can help traders avoid whip-saw market moves causing what’s known as slippage, it’s important to know these orders are not guaranteed to fill especially when used in exiting a trade.
A video explanation of the basic orders types can be found here:You could aslo set a default value for this box in the Chart Trader properties (right click in the Chart Trader) then find and check the box next to Predefined stop limit offset. Then enter a value that you would like to use next to "Predefined stop limit offset value". This option sets the offset the limit price is away from the stop price for entry/exit stop-limit orders.
Please let me know if I may be of further assistance.
Shawn B.NinjaTrader Customer Service
Latest Posts
Collapse
Topics | Statistics | Last Post | ||
---|---|---|---|---|
Started by pmachiraju, 11-01-2023, 04:46 AM
|
8 responses
147 views
0 likes
|
Last Post
by rehmans
Today, 06:44 PM
|
||
Started by mattbsea, Today, 05:44 PM
|
0 responses
5 views
0 likes
|
Last Post
by mattbsea
Today, 05:44 PM
|
||
Started by RideMe, 04-07-2024, 04:54 PM
|
6 responses
33 views
0 likes
|
Last Post
by RideMe
Today, 05:31 PM
|
||
Started by tkaboris, Today, 05:13 PM
|
0 responses
4 views
0 likes
|
Last Post
by tkaboris
Today, 05:13 PM
|
||
Started by GussJ, 03-04-2020, 03:11 PM
|
16 responses
3,282 views
0 likes
|
Last Post
by Leafcutter
Today, 04:14 PM
|
Comment