Automated Limit Entry Below Current Algo Trigger Price

[johnMoss]

Hi Guys,
I'm doing sumthin' wrong ...

Objective: Enter a limit order x ticks below my trigger price.

Example: Setting up a long order based on programmed strategy criteria. When the program is triggered, for example long at 2100.00, I want to be able to enter a limit order at or below the trigger price. I have set up a user defined object of "LimitPosition", with a current range of max '0' to min '-6'.

I am using the strategy builder and have the Actions window open. I have tried several things which don't work. How do I do this?

Thanks!

[NinjaTrader_AlanP]

Hello johnMoss,

Thank you for your note.

I removed your other post on this question in the support section as this is a NinjaScript question.

It would not be possible to set the limit price 6 ticks from the trigger price using the strategy wizard. This could be done in the editor but would require coding experience. I might suggest you modify the trigger price by the offset, 6 ticks, and when that price is breached you submit a market order.

Please let us know if you need further assistance.