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How to submit Stop Limit with Basic Entry

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    How to submit Stop Limit with Basic Entry

    can someone explain how to use the STOP LIMIT for the Basic Entry[Free version]. I want to be able to enter a trade with my exit defined - 10 ticks for example.
    there are 3 fields Type, Limit, Stop

    Entry: 159'00
    I want to be able to set an Exit at 159'10

    I entered just fine, but how to I set an Exit using STOP LIMIT?
    What do I enter in the LIMIT and STOP fields?
    thanks!

    #2
    Helo nt8cm,

    Thank you for your inquiry.

    It's important to bear in mind the definition of a Stop Limit order. A stop-limit order is a basic order type which issues a limit order once a specified price has been reached. This price level is known as the stop price, and when it is touched or surpassed, the stop-limit order becomes a limit order. However, Stop Limit orders work a bit different than traditional limit orders. The order will execute at the Stop Price and will only fill if it is between the stop and limit price, rather than filling at the limit price. Thus, if you wanted your order to fill at 159'10, you'd set 159'10 as both the stop price and the limit price.

    Here is a publicly available resource from the NinjaTrader Brokerage that explains this order type:

    https://www.ninjatraderbrokerage.com...er_limit_order

    Please let us know if you have any further questions.
    Zachary S.NinjaTrader Customer Service

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