How do I make limit orders stick?

[OathMark1]

I always have an ATM strategy on, and I would like to make limit orders stick on the DOM both sides of the price.

I can make a long entry below the price but not above the price, and I can make a short entry above the price but not below the price. If I do put the limit orders on the DOM ladder above or below the wrong sides, the order is filled automatically. I think that indicates that these are not stop limit orders. They are just stop market orders.

How do I make these stick? I assume I need to change these click-on-orders to stop limit orders?

[NinjaTrader_Kyle]

Hello,

Thank you for your post.

Based on your description I suspect that plain Limit orders (placed with a left mouse click in the buy or sell column) are being used on both sides of your bracket.

A Limit order essentially calls for a fill at the specified price or better. When, for example, a buy order is placed above the last traded price that price is considered 'better' and as a result the Limit order is filled immediately. This is referred to as a marketable limit order.

To accomplish your goal, a Stop Limit or Stop Market order could be placed as the secondary order in this scenario. With buy Stop Limit or Stop Market order the order would await a fill at your desired price above the last traded price.

In the SuperDOM, a Stop Limit order can be placed by middle mouse clicking; you would then need to specify an offset value for the Stop Limit and click the check mark to place the order. A Stop Market order can be placed by holding the CTRL key on your keyboard and middle mouse clicking.

[OathMark1]

I don't have a middle mouse button, so how can I access the window on the DOM ladder that allows me to decide the order type?

[NinjaTrader_Kyle]

Hello,

Unfortunately, a middle mouse button is the only way to place these type of orders through the SuperDOM.

As a work-around you might consider submitting orders using Chart Trader as this window would allow you to place both Stop Limit and Stop Market orders without a middle mouse button.

Please see the following link to our Help Guide for more information about Chart Trader: https://ninjatrader.com/support/help...art_trader.htm

[clarson]

Right click

It would be nice if the right click did something in the DOM other than properties. A small properties button in the windows bar could replace it. I too would prefer to be able to right click and place a stop.

It would also be a nice feature to allow a preference that sets all sell orders below market to be stop and all buy orders above market to be stops instead of just having them go to market and be filled. If I wanted to place a market order, I would click the market button or place my order on the bid or ask. I have lost money couple of times meaning to sell stop or buy stop because that is what my other software does and that is how I have TWS programmed. I think this would be a nice feature to allow users to turn on or off, and to allow us to program what type of order our left, right, and middle mouse clicks place.

[NinjaTrader_ShawnB]

Hello clarson,

Thanks for your suggestions.


I will forward your feedback to the development team to consider making these changes in the future.


I will update this post with any updates as they become available to me.