trigger method

[binwang2]

hi NT friends,

When using ATM on a buy order, what is used by NT to trigger the order? Is it bid or ask?

I am using IB and its bid/ask trigger method is as the following (pasted from its web)
For a buy (sell) order to be triggered:
• A single bid (ask) price must be greater than (less than) or equal to the trigger price.
So it uses bid price to trigger a buy order.

Regards,

[NinjaTrader_Kyle]

Hello binwang2,

Thank you for your post.

The ATM Strategy and it's actions are based on last traded price.

[binwang2]

Thank you. What about forex? It does not have last traded price.

[NinjaTrader_Kyle]

Hello binwang2,

Forex data does also include last price data and would be used in ATM strategies. Please see the attached image for an example of $EURUSD last price.