Market Entry (DAY order) vs. Stop/Limit Exit (GTC)

[JavaKing]

Hi all,
my live running strategy entries on market orders. I had to switch TIF from GTC to DAY since the order routing was not possible and came up with errors when I had TIF set to GTC. This makes sense, because market orders obvisouly can't have a GTC setting.

So that is fine and logic, but the problem now comes with my exit orders (limit + stop), which shall work as GTC.

How can I set the limit and stop orders to GTC while entering on a market order?

Many thanks

[NinjaTrader_ChrisL]

Hello JavaKing, thanks for writing in.

If your connection is through TD Ameritrade, the strategy using Market orders must be set to Time In Force = DAY. Unfortunately, this must be set up on Strategy initialization, so there would be no way to exclusively set your exit orders to TIF = GTC at run time. The strategy would be able to use the GTC time in force if the entry order were not a Market type order.

Please let me know if I can assist any further.

[JavaKing]

Hi Chris,

thanks for your reply.

I don't trade with TD Ameritrade.

Did I understand correctly that it is not possible to have a market entry order with stop and target GTC order?

Thank you!

[NinjaTrader_ChrisL]

Hello JavaKing, thanks for your reply.

Market orders should be working with a GTC time in force setting, it works in my tests. Is your broker rejecting market orders with a TimeInForce of GTC? I also was able to change the strategies TimeInForce setting during run time like so:

this.TimeInForce = TimeInForce.Day;
EnterLong(1);
this.TimeInForce = TimeInForce.Gtc;

I look forward to assisting.