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You might be asking that your platform do too much of the "being intelligent" here - kind of like the mummy state being too restrictive on our freedoms. In my experience SC rejects orders when your broker's interface software rejects them.
Brokers such as IB often support orders that the exchange doesn't by simulating them. And in some cases you can also change some of those options yourself (so how would the platform even know until an order is rejected). Similarly brokers may support orders outside of the exchanges' limits on their hosts.
Can you help answer these questions from other members on NexusFi?
The CME accepted a Stop-Limit order with a 20 tick limit. Here is the image:
This was submitted to the CME simulation system.
You can use whatever Limit offset that you require.
No matter what the backend trading platform/service is, the CME is going to convert a stop to a Stop-Limit. How each backend platform/service is going to handle order modifications in this case, we are not certain. In the case of TT we do have the ability to alter the Limit price and maintain a constant offset. We have not looked at other services.
This was restriction was removed about two months ago. And now there is an option for this. It is in Global Settings >> Chart Trade Settings >> Reject Stop Orders That Will Immediately Fill. Uncheck this option.
It's a small timeframe volume chart, and there is a small lag in printing those bars. It's not something I'd expect any piece of software to be able to print without lag, when 50K or so hits the market in a matter of 5 seconds or so. Also, this can be related to the data feed, as the data provider itself can get backed up. Not something to be concerned over. My point was that SC was faster than anything I've seen before.
We tested a Stop order on the CME with Rithmic and the order remained as a Stop order. So we do not see a way in which the limit price could be modified. Possibly it could be specified, but probably it would just get ignored. How Rithmic handles it in their backend we do not know.
Don't turn this into a trashing NinjaTrader thread where the entire purpose is to sling mud. We've already understood from your posts that you don't like Ninja, your point has been made.
This thread was started by Josh to document his findings from his perspective, lets honor that. Everyone has different needs as a trader, and there are obviously a lot of people that are extremely pleased with NinjaTrader. There are some people that are extremely pleased with Sierra Chart. There are some that are extremely pleased with both, and there are some others that don't like either.
Let's keep the posts factual and free of trollish behavior.
What we have read in the Rithmic documentation in regards to this, is that once the stop price has been triggered on a Stop-Limit order, the order type turns into a Limit. So we will make certain that we recognize the change in order type from Rithmic in case you want to modify it after the Stop price has been triggered.
Meant to say this a while back but did not. It's a super super minor detail but I love it. Sierra calls the tool "Price Retracement" whereas most others call it "Fibonacci Retracement." Thank you Sierra, for making it so I don't have to see the ugly "F" word every time I want to measure a 50% (NON-F-word) retracement. Call it what it is: a price retracement. Awesome.