EnterLongLimit only if price hit or above X.

[vhanded]

I am developing a strategy, where it will enter long limit, when the price hit above X. However, if price at that moment is below X, EnterLongLimit will just take the X price (expensive price), which is not what I intended.


This is my code snippet:

protected override void OnBarUpdate()
{
	EnterLongLimit(54.2, "");
	SetProfitTarget(CalculationMode.Price, 54.36);
}

I am testing on CL 04-15 from 1st January 2015 till 20th January 2015, and this is the bar chart I got, see attachment. I don't want it to enter position, if the price is below X.

So, m question is, how to let the strategy to enter market, only when the price is higher than or equal to X? I tried if Close[0] >= X, but in backtest, the Close[0] is referring to the close of bar, instead of the price at that moment.

Thanks, and sorry if my question is not clear enough. I will provide more info and explanation if needed.

[NinjaTrader_ChelseaB]

Hello vhanded,

Limit orders fill at the specified price or better.

If you place a buy limit order way above the market it fills immediately. This is true even of manual orders that you place (try placing a buy limit order way above market on the SuperDOM).

If you want to ensure that the order is not placed unless the price is below a certain amount, make this a condtion.

If (Close[0] < 50.1)
{
EnterLongLimit(54.2, "");
}

[vhanded]

I just found out about EnterLongStop and EnterShortStop. Why can't we use these?

[NinjaTrader_CodyB]

Hello vhanded,
Yes you could absolutely use EnterLongStop or EnterShortStop if you are wanting to place a predefined market order before the price reaches that point.

An example of how you could use this is below:
if (Close[0] > 50.1)
{
EnterLongStop(54.2 "')
}
In addition you could use EnterLongStopLimit() or EnterShortStopLimit as an order method.
I have provided a link on EnterLongStopLimit() here, http://www.ninjatrader.com/support/h...gstoplimit.htm
In addition here is alink on EnterShortStopLimit() http://www.ninjatrader.com/support/h...tstoplimit.htm