Rounding Prices To Instrument Price

[simple_goodoboy]

Hello,

I plan to build some strategies with /ES market.

What happens if I try to set a stop loss or limit order at price not equal to current bid such as XXXX.00, XXXX.25, XXXX.50, and XXXX.75.

For example, say I want use ATR to set a stop loss price:

ATR(10) = 1.73 (see example)
Entry Price = 2665.50
Stop_Loss_Price = 2665.50 - 1.73

Stop_Loss_Price = 2663.77

SetStopLoss(@"Long_Signal", CalculationMode.Price, Stop_Loss_Price, false);

Question:
1. Will NT8 round the Stop_Loss_Price number to 2663.75 or 2664?
2. What if the Stop_Loss_Price was calculated as 2663.09 ? What will NT8 round the number to?

Thanks for the help.

[NinjaTrader_Jim]

Hello simple_goodoboy,

Thanks for your question.

NinjaTrader will round the prices so they are valid for order submission.

For a faster answer, this can be easily set up and tested on your end without having to wait for our office to open. For example, a strategy that places a Stop Loss or a Profit Target in State.Configure with the price you want to test can show you the order gets rounded.

else if (State == State.Configure)
	{
		SetProfitTarget(CalculationMode.Price, 3019.657829);
	}
}

protected override void OnBarUpdate()
{
	if(State == State.Realtime)
		EnterLong();
}

For testing Realtime data after hours, you can use the Playback Connection or use the Simulated Data Feed with a Default 24/7 Trading Hours template.

If you have any other questions, please don't hesitate to ask.

[simple_goodoboy]

Hello simple_goodoboy,

Thanks for your question.

NinjaTrader will round the prices so they are valid for order submission.

For a faster answer, this can be easily set up and tested on your end without having to wait for our office to open. For example, a strategy that places a Stop Loss or a Profit Target in State.Configure with the price you want to test can show you the order gets rounded.

else if (State == State.Configure)
	{
		SetProfitTarget(CalculationMode.Price, 3019.657829);
	}
}

protected override void OnBarUpdate()
{
	if(State == State.Realtime)
		EnterLong();
}

For testing Realtime data after hours, you can use the Playback Connection or use the Simulated Data Feed with a Default 24/7 Trading Hours template.

If you have any other questions, please don't hesitate to ask.

Thank you so much Jim. I will try this.