I’m wanting to set an order on a spread or binary, that is pending until the market hits a certain price point, at which time the order will be filled. For instance, i want the order to be filled once price moves 5 ticks above where it’s at. I can’t seem to get it right. I can set it below price, and it won’t fill until it retraces, which I understand. Every time I set price above where it’s at for a long order, it fills right away…which I expected from watching the various courses and just from the plentiful experience with the scanner and Nadex. Also, the same happens when doing an order to go short, which I understand as well.
So, how do I set up a working/pending order that I would like to eventually get filled once it hits that price, so I can set that order and walk away? Basically, if I’m going long, I want to make sure that price is moving upward in that direction and will automatically fill once it hits a point that is 5 ticks upward/away from where it presently is, or if going short, setting it 5 ticks below where it’s at, so eventually it gets filled once price has moved 5 ticks in the downward direction.
Thank you!