Limit If Touched Orders is a module for the Enhanced Chart Trader. It hides Limit order entries until the market reaches the price, and then the Limit order is submitted. The Enhanced Chart Trader is designed to replace the standard NinjaTrader Chart Trader.
The Limit If Touched Orders module adds an order type to the NinjaTrader platform. It hides Limit order entries until the market reaches the price, and then the Limit order is submitted.
Limit If Touched is an order to buy below the market, or sell above the market, an instrument at a specified price. This order is held on your local computer until the trigger price is touched. An LIT order is similar to a stop limit order, except that an LIT sell order is placed above the current market price, and a stop limit sell order is placed below.
Using a Limit if Touched order in NinjaTrader ensures that your order is not seen by anyone, because it is not resting at the exchange.
Features
Limit If Touched Orders Options
Order Offset (Ticks) – the offset for both buy and sell orders, from the trigger price.
0 will place the order at the trigger price.
1 or higher will place the order closer to the market price.
-1 or lower will place the Limit order further away from the market price.
Trigger Mode – select when the actual Limit orders get placed.
Last Trade – orders are placed when the last traded price hits the trigger price
Bid / Ask – orders are placed when the bid or ask price hits trigger price
for buy orders, the ask price must hit the trigger price
for sell orders, the bid price must hit the trigger price
The Limit If Touched Orders module for the Enhanced Chart Trader makes a nice addition to the NinjaTrader platform!
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Product licenses can only be used on the purchaser’s computer/computers. Extra product licenses cannot be given away for free or resold. All purchases include a lifetime license with future upgrades for free. Our goal is to continually improve all of our products in performance, compatibility, and new features!
Videos
Our entire line of Enhanced Chart Trader products include the Basic Chart Trader Tools. Click through the different features below to get a quick demo!
Bracket Entry
Trade the News
Price Basis
Stop Limit Offset
The “Bracket” button gets the last traded price, and then initiates a Buy order above the market and a Sell order below the market simultaneously.
Ability to switch order type to LMT (Limit), Market If Touched (MIT), SLM (Stop Limit) or STP (Stop Market).
Easily adjust the tick offset while your order is placed.
When using Minute or Second bars, with a ‘Close’ Trigger Mode selected, the bracket can be placed a set number of seconds before the bar closes.
This feature is essential for trading news events to get the orders placed before a spike occurs.
Ability to change price basis depending on where you want the order placed.
Last price basis places orders on the last traded price with selected offset.
High/Low price basis places orders on the high and low of the current bar with selected offset.
Easily adjust the number of ticks to offset the Stop Limit order trigger.
A negative number is supported, resulting in a Simulated Stop Order type, which is unique to NinjaTrader.
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