I see this sort of thing happening a lot and I'm interested in using ATM's vol trigger to minimize it, but I'm not sure the best way to go about it. I understand it's based on bids rather than actual fills, so does anyone have any advice about a good practical way to set the vol trigger value to prevent these sorts of fills firing my stops? Thanks!
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Practical advice for using vol trigger effectivey?
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Practical advice for using vol trigger effectivey?
Today I was short on BAC when my stop was triggered by an order traded well out of range:
I see this sort of thing happening a lot and I'm interested in using ATM's vol trigger to minimize it, but I'm not sure the best way to go about it. I understand it's based on bids rather than actual fills, so does anyone have any advice about a good practical way to set the vol trigger value to prevent these sorts of fills firing my stops? Thanks!Tags: None
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Hello,
Thank you for your note.
The volume trigger is a volume floor, not ceiling, therefore I don't beleive it will adress your issue. For example if you enter 100 in the volume trigger, once volume gets BELOW 100, your stop will be sent, not above.
Unfortunately I do not know a way around the large price movements causing the stop to be triggered.Ray S.NinjaTrader Customer Service
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Serves me right for not reading the manual! How can I make use of this feature then, for example what is the trader hoping will happen in the following example from the manual?
Originally posted by NinjaTrader ManualBuy Stop Market Example
Order Type - Buy Stop Market
Stop Price - 1000
Volume Trigger - 500
This example will trigger once the market trades at a price of 1000 and the ask volume is less than 500 contracts. Once triggered, a market order is submitted. If this was a sell order, the bid volume would be monitored.
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