Auto Center and Trailing Stop Price Trigger

[pivot44]

I would prefer to see auto center activate when the outside bid or ask price hits thebottom/top price level, instead of the being pegged to the last price (if cumulative market depth is selected, peg it to this level).

By doing this, market depth field of vision is never interrupted.

Also, it seems that when 'use last price for auto trail and auto breakeven' is deselected, the inside asked price is used to trigger trailing sell stop in rising market, and the inside bid price is used to trigger trailing buy stop in declining market. Shouldn't it be the other way around?

Thanks.

[NinjaTrader_Ray]

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Thanks for suggestion. Uses bid when long, ask when short.

[pivot44]

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Nope. Ran it a dozen times last night in sim and again this morning with real data. After going long with multiple targets and one two-step trailing stop, each trail level is activated when the inside asked quantity rises to meet the target price.

[NinjaTrader_Ray]

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Based on your note, I ran a quick test for verificationwithin our development environment to see what price is being used and without a doubt:

Bid will trigger trail when long
Ask will trigger trail when short

Ray

[pivot44]

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My apologies, you are correct. I recorded a trade, and played it back frame by frame. The reason for my assumptionwas that sometimes the price moves up before the asked price, giving the illusion of the bid being used.