Please explain ninja help stoplimit orders instructions

[jokujoku]

Hi in your help file
there is +2*ticksize for both longs and short stoplimit order.

Which one short or long should be -2*ticksize.

which one is correct.

this example is from your help
thanks



protected override void OnBarUpdate()
{
if (CurrentBar < 20)
return;

// Only enter if at least 10 bars has passed since our last entry
if (BarsSinceEntry() > 10 && CrossAbove(SMA(10), SMA(20), 1))
EnterLongStopLimit(High[0] + 2 * TickSize, High[0], "SMA Cross Entry");
}

[NinjaTrader_RyanM1]

Hello jokujoku,

There is no "correct" here in that the order methods don't restrict what value you're submitting. You can specify whatever price you want for your orders.

General market handling of stop orders is separate. Buy stop orders should be placed above the last traded price, and sell stop order should be placed below the last traded price. If they're placed on the wrong side of this they will be rejected.

[jokujoku]

I am talking stoplimit order

[jokujoku]

So there is no diffrence stop order or stoplimit order, so i can use just plain stop order ?

[NinjaTrader_RyanM1]

The same principles apply for stop and stop limit orders. If you place either of these on the "wrong" side of the market they will be rejected. A stop (or stop-market) order submits a market order once trading reaches the stop price. A stop limit order submits a limit order once trading reaches the stop price.

[jokujoku]

thank you
for help