Using Alerts to Enter a Trade

[NinjaTrader_Jim]

Hello,

Thank you for writing in today.

There is functionality to set Cross Above, Cross Below, Cross Inside, and Cross Outside conditions on a chart to trigger an action when a Data Series crosses a Drawing Object. This condition may trigger simple order entries, however entering ATM strategies via an alert is not possible.

This kind of a strategy can be created with an automated NinjaScript strategy.

For your reference I will provide links to the help documentation on using alerts, and to some documentation on NinjaScript strategies.

Using Alerts: http://ninjatrader.com/support/helpG...ing_alerts.htm

Using ATMs in a NinjaScript strategy: http://ninjatrader.com/support/helpG...strategies.htm

If you would like, I may submit a feature request to the development team on entering ATMs from the Condition Builder. Would you like me to do so?

I look forward to your reply.

[masterg]

I'm sorry if this is posted somewhere else, but I can't find details on placing a trade through alerts. Here is what I want to do.

I've drawn a trendline on the attached chart.

On the condition that the price is GREATER than the trendline, I want to place a limit order with my ATM strategy, at a price below the trendline.

Under Actions/Submit an Order/Properties, it asks for "Limit Price" and the default is "1". I do not know what the limit price is going to be at the time it crosses the trendline so how do you make this entry?

What would make sense here is that "Limit Price" is equal to the number of ticks below the trendline. That is what I am looking to do. I want to place a limit order with my ATM strategy at a limit price when the price exceeds the trendline, but I want the limit price to equal, say 5 ticks below the price at the time of the alert (when price exceeds trendline price).

Thanks. Very much appreciate the response.