Alerts and Limit Orders

[mmenigma]

Hi, I'm using alerts to let me know when there is an EMA or SMA cross on my chart. The alert works great. I would like to add the Submit an Order action to this alert but I'm a little unsure on the Limit settings. In the Limit Price field is it possible to set a tick offset for when I want the order to trigger? For instance, when the short alert goes off, I want to set a limit sell order that is 5 ticks below the current price. I tried to use -5 in the Limit Price field but the order triggered right on the current price and was not set for 5 ticks below. Is there another way of doing this without creating a Strategy? Thanks.

[Nin8aTrender]

I'd like to be able to place limit orders with -1 offset in the alerts.

I know it is not possible now and having looked through the forum,I see that many have been asking for it.

Would this be possible in the next few releases?

It'll help a lot of people, because the alerts system accomplishes a lot and its modular system allows for really complex configurations.

[NinjaTrader_Jesse]

Hello mmenigma,

In that use case you would actually need to make a strategy instead of using the alert system. What you want to do would be possible using the strategy builder which uses a similar condition builder to the alert system.