Negative Stop Limit Orders

[fred]

I want to place an order with a negative stop limit that triggers when the last price is hit.

For example if the order is:

Buy at 998 once the price prints at 1000 I would like NT to enter a limit order for 998 when the last price was 1000.


I have attempted to use the Simulated Stop as an entry but despite my attempts to find values that prevent it, it appears that the bid/ask is triggering the entry. Unfortunately this is useless for HSI where the bid ask may move a few points beyond my trigger and then move back with no fill taking place. And if the price doesnt fill then this is probably just market maker manipulation -- price rules!

Ray, how can I set up my NT so that the negative stoplimit is just like a normal IB stoplimit but with a negative entry price?

Fred

[NinjaTrader_Ray]

Set the entry size and ratio values to zero.

[fred]

Thanks. I thought I had tested that but must have missread the result. It seems to work fine now.