NT7 AtmStrategyChangeStopTarget

[ATI user]

AtmStrategyChangeStopTarget ( 0, stopprice, "STOP1", "AtmIdValue");

AtmStrategyChangeStopTarget ( limitprice, 0, "TARGET1", "AtmIdValue");


I am using the above code to move stops and targets

I note that TARGET1 when hit does not always fill, at least in market replay.

I assume this is because it is a limit order?

How do I ensure it is filled like a stop/market order when touched?

thanks

[NinjaTrader_RyanM1]

Hello ATI user,

Limit orders need to be filled at the specified price or better. Profit targets will always be limit orders. A stop order placed there would be rejected. What you are looking for is a market if touched (MIT) order, which is not currently available.

[ATI user]

of course it is possible to just submit a market order from code when target level is hit....however MIT would be a better solution

is it on the wish list?...now?

[NinjaTrader_RyanM1]

Yes, conditionally sent market orders is one way to do this as well.

MIT has been requested before and I will forward it this time as well. Thanks for the suggestion!

[ATI user]

the solution, since I am using atm templates (i.e. atmstrategycreate), is to check 'Target Chase' in Advanced Option of the atm...in which case the target will be moved up to the Chase Limit setting if the target is touched but not filled

[NinjaTrader_RyanM1]

Thanks for the reply, ATI user. Target chase is an additional tool with ATM strategies and glad to hear it's useful in this case.