Placing a BUY limit above the market

[amedhussaini]

Why does placing a BUY limit order above the current market automatically trigger a market order? I understand the logic: it believes that if I'm willing to buy at a price higher than the current market, I must be insane not to take the best price currently trading. However, I want to place a limit order above the market so that it'll trigger the buy if price hits it.

Is there something simple I'm missing?

[eDanny]

Are you using the SuperDom? Try using your middle mouse button when clicking in your order.

[NinjaTrader_Bertrand]

For a normal limit order this behaviror is expected as your limit order above the market becomes a marketable limit order, thus immediate execution. For your desired entry you can place a StopLimit order above the market with your middle mouse button.

http://www.ninjatrader-support.com/HelpGuideV6/ManagingOrders.html

[bobbethgoo]

also, it doesn't become a market order, it's still a limit order with no fill above the price you clicked on. fyi

[NinjaTrader_Bertrand]

Thanks for your input.

[bobbethgoo]

sorry bertrand, i see you had already said what i said, i just didnt read closely enough

[amedhussaini]

thanks!

Thanks for the replies. There a way to change the button that triggers a stop limit on the dom? Sometimes I trade from my laptop that only has a touchpad and two buttons.

Thanks,
Amed

[NinjaTrader_VinceB]

You need to check the mousepad properties of your laptop. Not sure if this is possible, but if it's available, you need to set up a middle click option.