Limit Order Configuration in Strategy Builder

[johnMoss]

I'm doing something wrong.
Objective:
1. Strategy executes all entry orders on close of candles.
2. On signal, execute a limit order 4 ticks from close of candle.
3. So for longs, that would be 4 ticks below close of previous candle, and conversely for shorts.

I am using the limit order feature in the wizard, it asked for a price point so I chose -4 & +4 respectively long & short. Yet It's still executing as a standard market order on bar close. Obviously I've the wrong nomenclature?

[NinjaTrader_PaulH]

Hello johnMoss,

Thanks for your post.

I may be misunderstanding but I will reply based on that I think you are using Limit type orders as entry orders.

For a limit order, you would need to specify the actual price, using +/-4 would be interpreted as the price and in some cases, it would be filled immediate as 4 is likely a better price and a limit order will fill at the specified price or better.

To place an order 4 ticks relative to the close of the previous bar, you can specify: Close[1] + 4 * TickSize or Close[1] - 4 * TickSize. When you click in the field on "set" select the price folder and choose close, set the bars ago to 1 then click the offset area and change to ticks, for a positive value enter just the number, to subtract 4 ticks use -4 as the value. Reference: https://ninjatrader.com/support/help...MarketPosition

TickSize is a system value that will provide the tick value of the instrument: https://ninjatrader.com/support/help...l?ticksize.htm

Here are the educational materials for the strategy builder in case you have not seen them:
Free live webinar every other Thursday at 4:00 PM EST, through this link to all webinars: https://ninjatrader.com/PlatformTraining
Previous recording of the Strategy Builder 301 webinar: https://youtu.be/HCyt90GAs9k?list=PL...auWXkWe0Nf&t=2
Help guide for the strategy builder: https://ninjatrader.com/support/help...gy_builder.htm
Tutorial using the Strategy Builder (Titled "Creating the Strategy by the Wizard): https://ninjatrader.com/support/help..._cross_ove.htm

[johnMoss]

Thank you, did the trick