How to spread entry orders at different levels

[stefy]

Hi,

I'd like to spread entry orders at preset levels good for the day (all in the same direction). Is LongEnterStop the best instrument to do that? Any drawback from this approach?

Thanks

[NinjaTrader_RyanM]

Hi Stefy,

EnterLongStop should work best for this if the levels you want to enter at are higher than the current traded price.

There shouldn't be any drawbacks with this approach but multiple entries in the same direction will require a good understanding of EntriesPerDirection (http://www.ninjatrader-support.com/HelpGuideV6/MaxEntriesPerDirection.html) and EntryHandling (http://www.ninjatrader-support.com/HelpGuideV6/MaxEntryHandling.html) properties.

You'd probably want to have each level named uniquely and then understand how to scale out.

This reference sample can help with scaling in and out of positions. (http://www.ninjatrader-support.com/vb/showthread.php?t=3751)