Offset TickSize

[Abdullah_KSA]

Hi,

If I'd like to write a code manually (not using the Strategy Builder), with the following context:

If my conditions are met, then place a limit buy position that is 24 ticksize greater than current high

Here's how I wrote it (it should be very straightforward )

EnterLongLimit(Convert.ToInt32(DefaultQuantity), (High[0] + (24 * TickSize)) , "");

However, it executes, but not on the same exact price I specified. Can you please advise what's wrong?


Thanks..

[NinjaTrader_PaulH]

Hello Abdullah_KSA,

Thanks for your post.

A buy limit order is to be placed below the current price. If it is placed above the current price then it would fill immediately as a limit order will fill at the limit price or better and in this case of entering a long position when you place the order above the current price, the current price is a better price.

The correct order types to use to enter long above the current price are EnterLongStopLimit or EnterLongStopMarket.

References:

https://ninjatrader.com/support/helpGuides/nt8/?enterlongstoplimit.htm

https://ninjatrader.com/support/helpGuides/nt8/?enterlongstopmarket.htm

[Abdullah_KSA]

Thank you, Paul
EnterLongStopMarket was the solution to my problem
It worked