Auto Chase will automatically adjust the price of a limit order as the market moves away from it.

Auto Chase Parameters

How does chase work?

NinjaTrader will automatically adjust the price of your limit order with each tick the market moves away from your order up until the chase limit amount.

How does chase if touched work?

The difference between chase and chase if touched is that chase if touched does not start chasing until your limit price as been touched. This works well for profit target orders. Your profit targets will rest at their respective limit price, if the market moves to the target and backs off but the target order does not fill, NinjaTrader would then start adjusting the target order to chase the market up until the chase limit amount.

Auto Chase can be set as part of a position strategy. You can also enable or disable it on working limit orders.

If you move your mouse over an active limit or profit target order in the buy cell for a buy order or sell cell for a sell order and press down on your right mouse button, you will see a menu of all working orders. Each working order menu has a sub menu that displays any applicable strategies that can be enabled or disabled. In the above image, you can see that Auto  Chase is currently disabled. By selecting the "Auto Chase" menu, you can enable or disable it. You can change the parameters by selecting the "Auto Chase Properties" menu when Auto Chase is disabled.