OCO Order

[Romulan]

NT Version: 7.0.0.22

I am having problems creating an OCO Order where the market is in a sideways channel and I want to buy on a breakout above the channel or sell short on a break down below the channel. I have an ATM Strategy with a Stop Loss and a Profit Target.

I perform the following:
(1) I right click and check OCO Order
(2) I click using the center button in the Buy column above the market to submit a StopLimit. I then click on the resulting check mark and the first order is entered (but not active).
(3) I click using the center button on the sell column below the market to submit a StopLimit. I then click on the check mark and the order is attempted to be entered. When I do this I get an error message "You can't submit an exit order to a strategy until any of its entry orders has been filled".

What am I doing wrong?

[NinjaTrader_ChristopherJ]

Hello Romulan,

Thank you for your post.

Prior to submitting your second order you must first select an ATM Strategy from the drop down menu that you would like attached.

Please let me know if I may be of further assistance.

[Romulan]

Got it! Thanks for your help.

[ohowie]

I use a strategy that launches market ATM strategys " Action.Buy and Sell with a variable for Bounce or Break. Is there any difference between a trategy that launches the atms at market or could/should i use a simpler approach and use the strategy to set orders with the ATMs attached?
Could you tell me which action i would use for breakout of HIGH and LOW? (i.e. BuyLimit, etc)
" " " bounce HIGH and LOW?

Thank you in advance
Howie

[NinjaTrader_ChristopherJ]

I use a strategy that launches market ATM strategys " Action.Buy and Sell with a variable for Bounce or Break. Is there any difference between a trategy that launches the atms at market or could/should i use a simpler approach and use the strategy to set orders with the ATMs attached?
Could you tell me which action i would use for breakout of HIGH and LOW? (i.e. BuyLimit, etc)
" " " bounce HIGH and LOW?

Thank you in advance
Howie

If you would like to have your Stop Loss and Profit Target in place automatically I suggest attaching the ATM Strategy to your order instead of having to manually do this using OCO.

If you want for example Buy a Breakout you would want to submit a Buy Stop Limit or Buy Stop Market. Same if you wanted to Sell at a support level you would use a Sell Stop Limit or Sell Stop Market.

If you wanted to Buy lets say support or Sell at resistance you would use a Limit Order.

I have provided a link below to our Help Guide that goes over Submitting Orders in the SuperDOM.

http://www.ninjatrader-support.com/HelpGuideV6/ManagingOrders.html