What is the difference between EnterLongMIT and EnterLongStopMarket? Aren't both converting a Order to Market Order once the StopPrice is reached?
Announcement
Collapse
Looking for a User App or Add-On built by the NinjaTrader community?
Visit NinjaTrader EcoSystem and our free User App Share!
Have a question for the NinjaScript developer community? Open a new thread in our NinjaScript File Sharing Discussion Forum!
Have a question for the NinjaScript developer community? Open a new thread in our NinjaScript File Sharing Discussion Forum!
See more
See less
Partner 728x90
Collapse
NinjaTrader
Difference between EnterLongMIT and EnterLongStopMarket
Collapse
X
-
Hello uday12,
EnterLongMIT is a Market If Touched order which is a simulated order that is not submitted until touched.
https://ninjatrader.com/support/help...terlongmit.htm
EnterLongStopMarket immediately submits a working stop market order.
https://ninjatrader.com/support/help...stopmarket.htm
Chelsea B.NinjaTrader Customer Service
-
Hi Chelsea,
Just to clarify what you write, let me know if this is correct.
Both EnterLongMIT and EnterLongStopMarket will have the same intended effect, but the method differs. The EnterLongStopMarket will send out an Stop order to the broker right away, which subsequently the broker's algorithm will convert the stop to a market when the stop price is reached, while EnterLongMIT will only directly send an market order to the broker after NT detects the Stop price to have been reached.
Comment
Latest Posts
Collapse
Topics | Statistics | Last Post | ||
---|---|---|---|---|
Started by pibrew, Today, 06:37 AM
|
0 responses
4 views
0 likes
|
Last Post
by pibrew
Today, 06:37 AM
|
||
Started by rbeckmann05, Yesterday, 06:48 PM
|
1 response
14 views
0 likes
|
Last Post
by bltdavid
Today, 05:43 AM
|
||
Started by llanqui, Today, 03:53 AM
|
0 responses
6 views
0 likes
|
Last Post
by llanqui
Today, 03:53 AM
|
||
Started by burtoninlondon, Today, 12:38 AM
|
0 responses
11 views
0 likes
|
Last Post Today, 12:38 AM | ||
Started by AaronKoRn, Yesterday, 09:49 PM
|
0 responses
16 views
0 likes
|
Last Post
by AaronKoRn
Yesterday, 09:49 PM
|
Comment