Order Execution Question - Possible Issue

[mjc4118]

I was on SIM this AM and placed a Sell Stop Limit order at 1087.1
Price moved THROUGH that order price and I received NO FILL. This is fine.

I moved the order Almost Immediately to 1081.8 ... basically this allows me to leave the order working and I can move it BACK to price when I decide I want to SELL again..For the moment I DID not want to execute the order so I moved it far away from current price.

Almost immediately the order was filled at 1086.6 I have never had ninja do this in the past. It did the same thing in this beta version yesterday and I spent 30 minutes trying to figure out "What the ???? happened" today I was very careful in my execution and the fill on sim took me by surprise. Any insight would be helpful.

Screen shot attached. The order marked/selected and the fill one line above it...

[mjc4118]

I just confirmed it... If i place an STOP LIMIT ORDER long...and get no fill, then move that order ABOVE price....WAY ABOVE price... As soon as I move the order it is filled.

[mjc4118]

It seems that when I move the Stop limit order After price has passed through the order It thinks that the "STOP PRICE" has been reached so it fills the order at the best price based on the new stop price, not the original stop price. Because price is definitely not better when it is moving higher on a stop limit buy order.

[NinjaTrader_JoshP]

Please confirm exactly what was amended? Stop price? Limit price? Both?

[mjc4118]

I was using chart trader.

I would make the assumption that if you MOVE the order in chart trader then BOTH should be amended. Exactly what you are amending I do not know. Maybe you can tell me... what does chart trader amend when I click on and move the order?

[NinjaTrader_JoshP]

It modifies both as seen in the Control Center orders tab. I tried several times but was unable to reproduce your behavior. Are you able to reproduce?

[mjc4118]

Yes I can reproduce.

Price needs to pass THROUGH without filling. For example:

in up trend i enter a buy order at 1095.0 with Ask at 1094.8 ...price moves up through to 1095.0 1095.1 1095.2 and for whatever reason my order is not filled. That is fine. It happens in the real world and I want realistic fills...

So..I click on the order and move it to 1099.0 and the SECOND I click on 1099.0 my order is filled at the MARKET PRICE. Not the behavior I want.

My alternative is to CLOSE my positions then re-enter / re stage an order taking too much time in case I decide to make my entry...

[NinjaTrader_Austin]

mjc4118, are you on the latest 7.0.0.6 beta? Can you please list the exact steps necessary for this issue to arise including specific price points for orders/bid/ask (both stop and limit prices), the modifications to the orders by you, and anything else necessary to reproduce? Thank you.

[mjc4118]

It is SIMPLE to reproduce, at least on my side.
Enter a STOP LIMIT order ..long or short in chart trader.

IN THE CASE WHERE THE ORDER DOES NOT FILL and price passes OVER the order.....

Move the order to a higher (in the case of a buy order) or lower (in the case of a sell order) price by CLICKING on it in chart trader and clicking on the price point where you want the order placed. (I am using an ATM strategy of 15 ticks STOP w/15 tick target and and after a 9 tick move move stop to to entry price/break even.)

IMMEDIATELY the order will be filled at whatever the current commodity price is in the simulator/on the chart.

IT ONLY happens when you move an order AFTER ..it has NOT been filled and price has passed over or through that buy/sell price.

Look at the price/tick data for the GC 02-09 at exactly 8:02:16 AM today ... and look at the screenshot of my orders placed at that time... you can see what happened EXACTLY.

It appears from all logic I can deduce and tick data that I have at my disposal, that it should not have.

[NinjaTrader_JoshP]

I am unable to reproduce. Please provide exact steps with exact numeric values for what you place into the dialog box for setting up a stop limit order and how exactly you get the order to not fill in time for you to make amends.

I do a sell stop limit with -10 in side, stop price hit, limit order goes in above market. I drag and drop the order around above the market and nothing happens except the order amends. If I drag it below the market then it fills. This is expected behavior. When price is higher than limit price for a sell order it is a better price and you will get filled immediately if the limit price is below the market.