auto trading vs discretionary trading and limit orders

[John Sanders]

Dear Development Team,

I realize that a limit order for a manual discretionary trading system is quite complex.

However, as an old man who also is a programmer, it would seem that in an auto trading system, that it might be a bit easier.

This feature would enable us to keep subscribing and possibly expand our 5 licenses.

Sincerely,

John Sanders

[NinjaTrader_Dierk]

John, not sure I follow. NT supports limit orders.

[John Sanders]

Limit Orders With Automated Systems

Thank you for your response.

My understanding is the same. That is why I posted this.

A discretionary system would be very difficult to create a limit order, however, in an automated system it would be very easy for NINJA to do this.

Again thanks for reading the thread.

John

[NinjaTrader_Dierk]

I learnt that your are looking for Market-If-Touched (MIT) order support and not limit order support. Unfortunately MIT orders are not supported by NT.

To overcome this limitations you could custom code your NinjaScript strategy and cancel the limit order, wait for cancel confirmation and then submit a market order. This requires custom coding based on NT 6.5 and it's new order flow control features.