Dom/chart trader order question

[commodity_trader]

Hi Support/Ninjausers,

In Ninja charttrader or DOM,..how do I the following:

For example,if I am trying to buy at a price say 8000 ym. If market touches the price 8004 ym,..I want to trigger a "buy-limit-order" 4 ticks below the price line. So as soon as market touches 8004, it fires the the trigger order "buy limit 8000 ym" (which is 4 ticks below the 8004 price which market just touched).

Can I do it with MIT orders or some combination of orders,by adjusting dom/charttrader properties.

Thanks
Commodity_Trader

[NinjaTrader_Jason]

You can submit a stop limit order with a negative offset of 4 (ticks) at 8004. More information can be found at the link below.
http://www.ninjatrader-support.com/HelpGuideV6/ManagingOrders.html

[commodity_trader]

Thanks Jason.I appreciate it. I went through the link and now understand how to do it in DOM.

Is there any link,where it describes how to do it in the charttrader? or is it just right-click and select buy stop limit or sell stop limit order and enter offset?

Also, the link says the stop is a simulated stop order, does it get simulated on the user's computer system or on some zenfire server? How fast is the simulation?

Thanks
Commodity_trader

[NinjaTrader_Jason]

Hello Commodity_trader,

Please see the link below regarding ChartTrader.
http://www.ninjatrader-support.com/HelpGuideV6/SubmittingOrders2.html

The manner you described is correct.

Simulated stop orders are located on your PC. More information can be found at the link below.
http://www.ninjatrader-support.com/HelpGuideV6/Overview12.html