Orders with "isSimulated"

[vitaly_p]

Hello All

If I understand correctly - only "Set" type orders (SetStolLoss, SetParabolicStop and SetTrailStop) have a simulated functin. Right?

I would like to use simulted orders in the Strategy whihc possible to move on the chart. I can move other types of orders but can't move "Set.." orders...

But other types don;t have a function "isSimulated"...

Maybe possible use some other types of stop orders which have a function "isSimulated"and possible to move it...

Thank you

[NinjaTrader_ChelseaB]

Hello vitaly_p,

Simulated orders mean that the order is not submitted to the broker immediately and is instead submitted after criteria (like the price being reached) is met.

With Stop order methods, the simulated behavior would be done with logic, sending the order only after the price has been reached.
(Set methods are called before the entry method is called, which is why they have this isSimulated parameter)

The Market If Touched order is another type of simulated order.

Below is a link to the help guide.
https://ninjatrader.com/support/help...xitlongmit.htm

[vitaly_p]

Thank you Chelsea!

[vitaly_p]

Actually, this MIT order possible to use for closing positions, but can't use like stop order...

[NinjaTrader_ChelseaB]

Hello vitaly_p,

MIT orders go on the opposite side of the market as stop orders, but MIT orders can be used to enter or exit a position.

[vitaly_p]

I tried to use MIT orders on the side as stop orders, but everytime this orders was close after the next tick...
I can't have positive results for use MIT orders like stop orders...

[NinjaTrader_ChelseaB]

Hello vitaly_p,

That is correct. Each order type goes on a specific side of the market. MIT sell orders are placed above the ask, buy orders are placed below the bid, the same as limit orders.

A sell stop is placed below the bid and a buy stop is placed above the bid.

You can give this a try manually with Chart Trader by right-clicking above or below the market price to see what orders are available.

[vitaly_p]

In my first post I asked "which type of the orders" with function "isSimulated" or simulation orders avlable for use like Stop Orders and which possible to move on the chart (possible creating conditions in the strategy for moving). You wrote that MIT orders....

And now I understand that any type of the simulated orders impossible to use like stop orders and move it on the chart...

[NinjaTrader_ChelseaB]

Hello vitaly_p,

This would be correct. MIT orders are simulated orders and you can move them on the chart, changing the working price. A simulated stop would be used behind the market, a market-if-touched order would be used ahead of the market.

A buy stop order must be above the ask, a sell stop must be below the bid. The order price can be changed.

A buy MIT order must be below the bid, a sell MIT must be above the ask. The order price can be changed.

Different orders go on different sides of the market.

[vitaly_p]

Thank you Chelsea