Help on limit orders? Watching the NQ tonight I am surprised at the bid/ask spread variations. When placing a limit order what is the best strategy? at current price? 1 tick above/below?

Quote from foxthorn:
Here is an updated Ninja 3-bar reversal indicator...
Sorry... discovered the colors and other parameters were not being saved/remembered when saving Ninja templates. This caused some weird painting problems as well as forced you to reset the colors each time the template was re-loaded.
Quote from nt24:
Hello Anek n others
Its a gr8 thread I have finished reading the thread from the beginning. Recently the pace of posts has picked up considerably, was not able to keep up with, so just copied some posts into a word doc.
There are notes uploaded by others previously, if anyone wants I can repost them.
This documents contains posts from after thanksgiving..
rgds
nt
_SECTION_BEGIN("HEIKIN ASHI");
//---- heikin ashi
HaClose = (O+H+L+C)/4;
HaOpen = AMA( Ref( HaClose, -1 ), 0.3 );
HaHigh = Max( H, Max( HaClose, HaOpen ) );
HaLow = Min( L, Min( HaClose, HaOpen ) );
xDiff = (HaHigh - Halow) * IIf(StrFind(Name(),"JPY"),100,10000);
barcolor = IIf(HaClose >= HaOpen,colorBlue,colorRed);
// Code from Mark1 starts here
reversalL=C > Ref(H,-1)AND(H > Ref(H,-2) OR H > Ref(C,-2))AND (H > Ref(H,-3) OR H > Ref(C,-3));
reversalH=C < Ref(L,-1)AND(L < Ref(L,-2) OR L < Ref(C,-2)) AND (L < Ref(C,-3) OR L < Ref(C,-3));
reversalL = ExRem(reversalL,reversalH);
reversalH = ExRem(reversalH,reversalL);
barcolor = IIf(reversalL, colorWhite, barcolor);
barcolor = IIf(reversalH, colorYellow, barcolor);
// Code from Mark1 ends here
PlotOHLC( HaOpen, HaHigh, HaLow, HaClose, "", barcolor, styleCandle );
_SECTION_END();
Quote from Piscuy:
All those you mentioned are sound money management techniques. Im guessing the guys are looking for something more specific in terms of where to exit and stuff. Yes I use TS and I do like it.
P.
Quote from nt24:
// Code from Mark1 starts here
reversalL=C > Ref(H,-1)AND(H > Ref(H,-2) OR H > Ref(C,-2))AND (H > Ref(H,-3) OR H > Ref(C,-3));
reversalH=C < Ref(L,-1)AND(L < Ref(L,-2) OR L < Ref(C,-2)) AND (L < Ref(C,-3) OR L < Ref(C,-3));
I think you have an error on the second of the above lines - L < Ref(C,-3) should be L < Ref(L,-3) methinks
Quote from swandro:
Quote from nt24:
// Code from Mark1 starts here
reversalL=C > Ref(H,-1)AND(H > Ref(H,-2) OR H > Ref(C,-2))AND (H > Ref(H,-3) OR H > Ref(C,-3));
reversalH=C < Ref(L,-1)AND(L < Ref(L,-2) OR L < Ref(C,-2)) AND (L < Ref(C,-3) OR L < Ref(C,-3));
I think you have an error on the second of the above lines - L < Ref(C,-3) should be L < Ref(L,-3) methinks
yes swandro the error was in my code. Thanks