best way to set orders in a chanel

[blazer]

Hello,

What is the BEST way to set orders with strategies in a narrow chanel.

When I try to do this, the progie doesn't accept the second order.

Thank you

B

[Elliott Wave]

Can you elaborate on what you mean by a "narrow chanel"?

[blazer]

Lets assume that we have a currency pair which sells in a 80 pip chanel for a long time period.

I would like to place a buy limit order with tp 40 and sl 40 in 85
and a sell limit order with tp 40 and sl 40 in -5 .

What is the best way to do this or something equivalent ?

Thank you for answering

B

[NinjaTrader_Ray]

The best way is to monitor for the price hitting your limit price and then submit a market order..or you can run two separate strategies.