Automatic order near at close-tick

[plizer]

Hello!

I hope someone can help me!

I programmed an algorithm that calculated all short and long orders on Close[]. I want to test this algorithm in the RT market, but im not sure how i can get a good entry. When I get the newest Close[0] value and i order after that, I cant be sure to get it for the same price! To set a limit after the Close[0] is there is also no option because sometimes I get the contract and sometimes dont (and that will distort the output for sure).

Is there a technique to get with a good price into a market?

Thank you!

Kind regards, plizer

[NinjaTrader_PatrickH]

Hello plizer,

Thank you for your post.

Limit Orders would be the method to use here as they limit the order to the price submitted or better. There is no guarantee on getting filled at a set price, even with Limit Orders.

Please let me know if I may be of further assistance.