Place Order Below the Bid Price

[Cryptontrader]

Hello:

Is there a way I can create a strategy that places my limit order two ticks below the current bid price, while it updates itself after every tick.

Thanks!

[KonstantinosNT]

If you mean to place a long limit order below the current price level, of course you can do that.
That's a common scenario. Two ticks, or as many ticks as you want.
Limit orders are not guaranteed to get a fill though, especially in a fast moving market.

[NinjaTrader_BrandonH]

Hello Cryptontrader,

Thanks for your post.

As KonstantinosNT has stated, it is possible to place a long limit order below the current price level. The EnterLongLimit() method could be used with a tick offset to place the order below the current price. For example, the below code will place a long limit Entry order 10 ticks below the current Close price.

EnterLongLimit(Close[0] - 10*TickSize, "EnterLong");

To move the order, you would call the same method using the same signal name with a different price.

Note from the Managed Approach help guide page: "By default, orders submitted via Entry() and Exit() methods automatically cancel at the end of a bar if not re-submitted"

Managed Approach: https://ninjatrader.com/support/help...d_approach.htm

Keeping Orders Alive Reference Sample: https://ninjatrader.com/support/help...ders_alive.htm

Let me know if I may assist further.