pending order 1 tick above or below the bars predicted high / low

[gravdigaz6]

Hello,

My strategy runs off a Range( 8 ) chart The strategy involves placing Buy/Sell Stop orders one tick above/below the signal bars high/low.

My problem:

In fast markets the strategy will often get an invalid order message because the market has moved too fast.

What I would like to do:

Before the current bar, closes, if the strategy has a valid signal, I would like to place a pending order 1 tick above/below the bars predicted high/low to get in the trade on the next bar.

do you know a seller who has this? the ideal would be to just click on a button and the pending order appears 1 tick above or below the bars predicted high / low.

[NinjaTrader_ChelseaB]

Hello gravdigaz6,

I wouldn't have any advice for predicting the high or low.

But to add 1 tick to the current bars high or low.

High[0] + 1 * TickSize.

To verify the price is valid you can add or subtract to the current ask or bid.

double limitPrice;

if (myPrice > GetCurrentAsk() + 1 * TickSize)
limitPrice = myPrice;
else
limitPrice = GetCurrentAsk() + 1 * TickSize;

[jorisje]

Hi, I am dealing with something similar. I use 20 range charts along with the Ninzaco bar status indicator (free). As shown in the attached image. I want to have buy and sell buttons for placing an order above or below the indicator which is the high/low of the current bar once it closes. Let me know if you have found a solution.

[NinjaTrader_ChelseaB]

Hello jorisje,

If you have an indicator with a plot, you can use that value rounded to ticksize and add a tick and then use this for a limit or stop price.

EnterLong(MyIndicatorName().PlotName[0] + TickSize);