stop orders placed at the exchange?

[nourozi]

Hi there, just wondering if Ninjatrader places stop orders to rest at the exchange?

Do stop orders work in the same way as limit orders, meaning FIFO execution?

So the earlier I place my stop order, the better fill I would likely receive?

Does the simulation engine factor this when filling orders in simulation mode?

Thanks,

Erfan.

[NinjaTrader_ChristopherS]

Hello Erfan,

Where your order resides will depend on who you are connected to and the state of the order. Please see the link below for further information.

http://www.ninjatrader.com/support/f...ead.php?t=5349

You will want to contact your broker for information on how the orders are handled.

The simulator engine uses a scientific approach to determine fill probability by including a number of variables including: ask/bid volume, trade volume, time (to simulate order queue position), and random time delays for switching between order states.

[nourozi]

I am using Ninjatrader Brokerage with Rithmic Data feed. CME is the exchange.