Help with long and short limit orders

[sinisa.dodos]

Hi,

I need a bit of a help on how to handle orders in this strategy. The flow is simple, on the bar update, the check is performed if the bar is first bar of the session, if it is the strategy is placing 3 orders for long and 3 orders for short. The issue occurs that if the long order is placed at the level above the current price it gets filled, even the limit price is set well above the current price level. And same applies for the shorts. Can somebody help on how i can manage this and ensure that my orders a filled at the requested level rather than what is happening right now.

Regards

[NinjaTrader_Bertrand]

sinisa.dodos, you should use then a stop limit order for this type of entry - a regular limit order placed above the market would execute immediately, it will 'get' you the price specified or better.

[sinisa.dodos]

If i use stoplimit order, how do i then apply stop loss to the stop limit order, that concept seems to be conflicting in my head? sorry if i sound stupid.

Regards

[NinjaTrader_Bertrand]

They would not conflict, we solely talk about your entry order which needs to be off StopLimit type (a Limit order triggered by a stop) to 'park' it above the current market, which you desire doing.

If this executes and you would have a new position, the SetStopLoss() would then still submit a regular stop loss order for it.

[sinisa.dodos]

Thanks

Will do