ATM in Bonds

[spikebuck77]

When I use an ATM strategy in ZB (30 year) with a stop of 3 ticks, it gives me an error when my order is filled that the stop isn't far enough away. Do I have to calculate the ATM ticks differently in bonds because it increments in fractions?

[NinjaTrader_Brandon]

Hello spikebuck77,
Thanks for your post.
Please provide the full text of the error so I can look into this further. You can locate this under the Log tab of the Control Center.

[spikebuck77]

Order price is outside bands 'Difference between stop and limit price is larger than banding value of 0.5 using Delta .00' affected Order: Buy 1 StopLimit @ 159.75 x 160.375

[NinjaTrader_Brandon]

Hello spikebuck77,
Thanks for your reply.
To resolve this you will need to right click on your order entry window (chart trader, SuperDOM) and select properties
Under 'use stop market for stop loss orders' select 'ture'
Now you can place your order
The reason for the error is stop limit orders with ATMs have a built in 20 tick offset and this is too large for this instrument. Stop market orders must be used with ATMs for this instrument

[spikebuck77]

Excellent, thanks for your help.