Hi,

I have no doubt that this has been answered somewhere on here before but I haven't been able to find it. I'm also certain there is a simple solution but it's escaping me. If someone could offer some advice I would really appreciate it.

I'm developing a strategy and I want to play around with using Limit orders. When my order entry condition is violated I want to get the current ask ( GetCurrentAsk() ) and add five or so ticks to the limit sell order.

So, for example, trading crude the current ask is 92.99. I want to take 92.99 and + 0.05 and use that value 93.04 as the Limit Sell order. I am assuming that if I try to use GetCurrentask()+0.05 the Ask will continue to move and so will my order. How do I get the current Ask, store it as a constant, add five ticks to it and use that for my order?

I hope that was clear. Thanks

Wolfie

Are you trying to write a strategy or are you just wanting to trade using that approach?

If you are just looking to trade that way, have you reviewed Nina's ATMs?

I'm going from memory here but I believe the following would work:
GetCurrentask() + (TickSize * 5)

double entryprice = GetCurrentAsk() + (5 * TickSize)

EnterLongLimit(entryprice);

Mike

Thanks guys! I used Big Mike's example and that worked perfectly. In my particular strategy using limit orders makes a massive difference. It improved the back-test results by about 20%. I'll live sim that next week, hopefully it performs as well during real market conditions.

Thanks again guys. I really appreciate your help.

Happy Trading!

Wolfie (The Werewolf) Wolf