Unmanaged GetCurrentAsk() use

[elliot5]

For an unmanaged strategy, if using GetCurrentAsk() as the entry limit price are there issues with that price changing / partial fills / etc? In general is using GetCurrentAsk() or Bid() problematic for limit order entry levels as they update very quickly? Regards to all

[NinjaTrader_ChelseaB]

Hello elliot5,

This would depend on the brokerage. Most brokerages are fine with limit orders on the wrong side of the market. Some forex brokerages are not ok with that and will reject the order.

In a fast moving market, placing an order at ask or bid could quickly become the wrong side of the market.

[elliot5]

Ok - but by using GetCurrentAsk() as the limit price - will NT look to change the limit order to the evolving GetCurrentAsk() or Bid() level after initial submission? In other words is the initial GetCurrentAsk() value a static value in terms of the order placement/management under submitunmanaged? Regards

[NinjaTrader_ChelseaB]

Hello elliot5,

GetCurrentAsk() returns a double with the current snapshot of the ask.

This will be the updated snapshot each time the method is called.

Order methods would use this price as the limit price at the time the order method is called. The limit price is only updated when the order method is called.

[elliot5]

thank you Chelsea - much appreciated.