Order types

[sprks7979]

Happy Sunday everyone! Have an order question.

I have a strategy; I want to place an order 1-3 ticks above or below the signal bar depending on signal. I also want to be able to NOT buy it if the price blasts through. Is there a way to set up an order that will buy if the price is between parameters? Ie. signal bar closes at 10000, I want to be able to buy at 10001, but no higher than 10003. same for reverse. Is this possible? I am using the strat builder as well. My issue is occasionally it will buy 10+ ticks after the signal and Im trying to mitigate the possible losses caused by it.
Thanks in advance.

[KonstantinosNT]

Try StopLimit Order

[NinjaTrader_BrandonH]

Hello sprks7979,

Thanks for your post.

KonstantinosNT is correct. You could try using a stop limit order such as EnterLongStopLimit() or EnterShortStopLimit().

From the Order Types help guide page linked below: "The stop-limit order offers the trader complete control over the order. Like a stop order, the stop-limit order waits until the specified stop price has been reached. Unlike the stop order though, the stop-limit order becomes a limit order instead of a market order when the stop price is reached. The drawback for a stop-limit order is the same as all limit orders; the trader might not be filled if the limit price is never reached."

Note that the strategy may need to be run with Calculate mode set to On Price Change or On Each Tick so that logic calculates intrabar instead of only at the close of a bar.

See the help guide documentation below for more information.

Calculate: https://ninjatrader.com/support/help.../calculate.htm
Order Types: https://ninjatrader.com/support/help...ub=order+types

Let me know if I may assist further.