Limit Orders are one of the most commonly used order types in futures trading. They allow traders to specify the exact price at which they want to buy or sell, giving greater control over trade execution.

This guide explains how to place, modify, and manage Limit Orders in NinjaTrader across desktop, web, and mobile platforms.

A Limit Order instructs the market to execute a trade only at a specified price or better.

Unlike a Market Order, which executes immediately at the current market price, a Limit Order waits until the market reaches your selected price level.
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A Buy Limit Order is placed below the current market price.

The order will only execute if the market moves down to your chosen price.
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A Sell Limit Order is placed above the current market price.

The order will only execute if the market moves up to your chosen price.
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Limit Orders are not guaranteed to fill. If the market never reaches your selected price, the order will remain pending until canceled or expired.

Limit Orders can help traders:

✓ Control entry prices

✓ Avoid paying unfavorable prices

✓ Automate entries at key support or resistance levels

✓ Improve risk management

✓ Reduce emotional decision-making

Open NinjaTrader and connect to your trading account.
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You can place Limit Orders from:

Choose the futures contract you wish to trade.

Examples include:

Choose Limit as the order type.
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Enter a price below the current market price.
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Specify the number of contracts you want to trade.
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Click Buy Limit and confirm the order.

The order will remain active until it is filled, modified, or canceled.

Launch Chart Trader or SuperDOM.
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Choose Limit as the order type.
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Set a price above the current market price.
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Enter the number of contracts.
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Click Sell Limit and confirm.

The order will remain active until the market reaches your selected price.

Access NinjaTrader Web and sign in.
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Launch either:

Choose the market you wish to trade.
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Select:

Click Confirm to submit the order.

Launch NinjaTrader Mobile and sign in.
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Choose the futures contract you wish to trade.
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Tap:

Specify:

Tap Confirm to place the order.

Once a Limit Order has been submitted, it can be modified or canceled if it has not yet been filled.
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You can update:

through the platform’s active orders section.
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Locate the pending order and select Cancel.

Once canceled, the order will be removed from the market.

Always review your active orders to ensure they match your intended trading plan.

Check:

Monitoring orders regularly can help prevent mistakes and improve trade execution.

Before submitting a Limit Order:

✓ Verify the selected instrument.

✓ Double-check your entry price.

✓ Confirm the quantity.

✓ Review your risk management plan.

✓ Ensure the order aligns with your trading strategy.

Remember that a Limit Order will only execute if the market reaches your specified price.

If you need help placing, modifying, or canceling Limit Orders in NinjaTrader, the AquaFutures Support Team is available to assist you.