stop ATM - script

[tonynt]

Hello,

when doing an entry with an ATM there appears a limit price 5 points above the stop (for a short trade). When having a setstoploss from script-strategy then there appears only the stop in orderstab. What is the additional limit with a trade from ATM?

Thanks
Tony

[NinjaTrader_ChristopherJ]

Hello,

Thank you for your post.

When using an ATM Strategy a protective Stop order will be automatically submitted 20 ticks beyond the Limit price.

[tonynt]

Hello,

thank you for your reply.

Is it a limit beyond the stop or as you wrote a stop beyond the limit?

And why is this only with ATM and not with SetStopLoss from script-strategy?

[NinjaTrader_ChristopherJ]

This would be a stop beyond the limit. This is only hard coded for ATM Strategies and would not be used with custom programmed scripts.