stop loss question

[neilzep]

on the dom I have clicked I want my stop loss to be limit but it goes as market.
Use stop market for stop loss orders.....false
I want my stop loss to be limit,also I want another stop loss a few ticks below that one that is market or limit is this possible? thank you

I also want my ATM strategy to go from stop loss to breakeven plus 1 tick after 10 tics profit without any trailing stop.


ps you have done a great job in improving NT and support...appreciate it

[NinjaTrader_RyanM1]

Hello neilzep,

Thanks for the post and kind words --much appreciated. Stop loss orders can be stop-limit or stop-market.

This is controlled by the property "Use Stop Market for Stop Loss orders" available in Superdom's Right Click > Properties screen. If you access this property, you will note some exchange restrictions there and why this property can sometimes be ignored.

Stop loss as a limit order is not available. By definition, a stop loss is placed at a worse price than your entry price, so a limit order placed there would be marketable and filled right away.

[neilzep]

Thxs Ryan,
Thats what I presume your answer was going to be,but I am trading CL and there is crazy slippage when the stop market is hit.Any way to alleviate this or do I just bring my profit target down because that seems to alleviate that slippage when I quickly being it down below price as it goes toward the stop market?

[NinjaTrader_RyanM1]

If you want to specify the worst price you're willing to accept for your stop loss orders, you may want to manually place a stop limit order rather than use ATM.

[neilzep]

Thxs,I will do that. Cheers

[neilzep]

I also want my ATM strategy to go from stop loss to breakeven plus 1 tick after 10 tics profit without any trailing stop.

[NinjaTrader_Matthew]

Hello,

For this you can just the Stop Strategy "AutoBreakEven". Please see our Help Guide for more information on this topic:

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?auto_breakeven.htm

I accomplish your strategy, you can use a Profit Trigger of "10" and a Plus value of "1".

Please let me know if you need further assistance.

[neilzep]

Thank you Ryan and Matt...you are Gentlemen and Scholars to us newbies who have drifted over from other platforms!
Have a good night.