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Inconsistency in stop limit order price

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    Inconsistency in stop limit order price

    I placed a sell stop limit order in chart->right click->sell limit order. On the chart it shows price 3478.75
    When lookup order list, I can see the order has a limit price at 3476.75, and stop price at 3478.75. Order status is showing pink accepted. But why there is $2 difference ? Shouldn't it be 1 tick ?

    On the chart, it only shows the stop price, not the limit price. Make me feel that the limit price is 1 tick away from that price. Obvious it is not. Also, I can't find anywhere to adjust that $2 to 1 tick.

    I did multiple tests, trying to determine what caused that $2. I found that, if I place a stop limit order at a difference price, then move the price to the required price. The limit price is now correct, 1 tick different to the price on the chart, which is the stop price.

    This is in sim account. I found this problem when analyzing my loss.

    Why would this happen? How to prevent it?

    Your kind help will be highly appreciated.
    Last edited by ppau2004; 10-19-2020, 03:45 AM.

    #2
    Hello ppau2004,

    This indicates you are using an offset of 8 ticks for the stop limit order. You can set the offset when you submit the stop limit order. Am I correct you entered a value of 8 here? If so, please enter a value of 1.

    You don't get this box when submitting a stop limit order, you must have configured a predefined offset. Please right click in ChartTrader and select Properties. Enter a value of 1 instead of 8 for the Predefined stop limit offset value" setting.

    Please feel free to post any additional questions you may have.
    JasonNinjaTrader Customer Service

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