In chart trader properties it shows "Stop Loss" and "Stop Market Order"....what is the difference?
-
Hello StevenNelson,
Thank you for your note.
A Stop Loss is a value that determines the Stop Loss price or price that the order will exit the position. For example, if the Stop Loss value is set to 4 (ticks) and your average entry for the initiating order is 1000 and you are long, your Stop Loss would be submitted at AvgEntry - Stop Loss = 1000 - 4 ticks = stop price of 999. This assumes each tick is valued at 0.25.
A Stop Market order is executed at the best possible price obtainable at the time and not a specified value.
Please do not hesitate to contact us for any other NinjaTrader inquiries you may have.
| Topics | Statistics | Last Post | ||
|---|---|---|---|---|
|
1 response
87 views
1 like
|
|
|||
|
0 responses
47 views
0 likes
|
by CarlTrading
04-01-2026, 02:41 AM
|
|||
|
0 responses
66 views
2 likes
|
by CaptainJack
03-31-2026, 11:44 PM
|
|||
|
0 responses
69 views
0 likes
|
by CarlTrading
03-30-2026, 11:51 AM
|
|||
|
0 responses
58 views
0 likes
|
by CarlTrading
03-30-2026, 11:48 AM
|
Comment