Slippage Gain

[agenor]

Hi,

Is there a way to allow some slippage to gain ?
I'm using iorder object, however I can only place gain order as limit order.
I want to have a target and if the price reaches there I want to garantee the way out of the position allowing some pre-determined slippage.


Also, if I'm going to buy a retracement, for example, and the the buy order is placed bellow the current price as a limit order (because there can not be busystoplimit orders bellow current price). I would like to garantee entry alowing some slippage.


Is there a way to do this ?

Thanks

[NinjaTrader_PatrickH]

Hello agenor,

Thank you for your post.

So for the Profit Target, we are looking for the slippage towards profit or away from profit? So a the Profit Target's Sell Limit can exit the desired size above or below the profit target by what slippage amount?

For the entry, the same question applies; are you looking for slippage up or down on the price scale from the Buy Limit price level?

[agenor]

Actually,

I monitor the condition and put en entryorder utlilizing a iOrder Object and when the execution is detected other iOrder Objects as placed witn StopOrder (STOP) and LimitOrder (GAIN). It's working fine.... The script works... What I want is something like in a bought position... If Close[0] >= gainOrder -> I want to get GainOrder down a pre-determined amount to garantee exit of position...

The same for entry....If a buylimit order is placed below current price and Close[0]<=entryOrder -> I want to allow entry at entryorder.LimitPrice + slippage to garantee the entry...

Thanks

[NinjaTrader_PatrickH]

Hello agenor,

Thank you for your response.

If these conditions return true (Close[0] >= gainOrder or Close[0]<= entryOrder) then set the Limit Price level to the level + or - the desired slippage amount. For example:

if(Close[0] >= gainOrder)
{
gainOrder = ExitLongLimit(prevLevel - TickeSize*slippage);
}