Place a sell order -5 ticks from market price.

[Nightmaregpu]

I have written a strategy. I need when the criteria are met to place an order on a pullback. For example, I would like to place a sell order -5 ticks from market price.

[NinjaTrader_BrandonH]

Hello Nightmaregpu,

Thank you for your post.

To place a sell order 5 ticks below a certain price value using the Strategy Builder, you would need to use an Action of EnterShortLimit() instead of EnterShort() followed by setting the Limit price to something like Close[0] with a -5 Tick offset.

See the modified version of your shared strategy that demonstrates this.

Also, see the help guide documentation below for more information.
Strategy Builder Actions - https://ninjatrader.com/support/help...MarketPosition

Please let us know if we may assist further.

[Nightmaregpu]

I changed your Strategy to -10 tick entry. It entered at the close of the candle instead of placing a sell order 10 ticks above the price.

[NinjaTrader_BrandonH]

Hello Nightmaregpu,

Thank you for your note.

If you would like to place the sell limit order 10 ticks above the close, you would need to set the EnterShortLimit() offset to 10 ticks instead of -10 ticks. When testing the strategy on my end using a 10 tick offset for EnterShortLimit(), I am seeing the sell limit order being placed 10 ticks above the close of a bar as expected. This could be seen by opening a Data Box from the Chart Toolbar and hovering your mouse over the bar that the order was placed, then comparing the Close price to the Sell Limit order price.

Please let us know if we may assist further.

[Nightmaregpu]

It worked. Thanks so much!!