Trade Management Question

[klmklm]

Hello Friends,

I had a question on placing a future priced order.

Let's say I want to buy ES at a later price, How do I go about placing a buy order, sell order and stop loss for that trade? I am confused with limit and market strategies.

Thanks

[NinjaTrader_RyanO]

Hi klmklm,

Thank you for your post.

You can place these types of orders using Stop Limit or Stop Market orders. When placing the stop order you can attach an ATM strategy that when the stop price is hit and triggers the limit, or market order the ATM strategy will be attached as well.

Please see the following link for more information on inputting stop limit and stop market orders.

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

[klmklm]

I still don't get it, For example, Let's say I want to buy ES @ 1105 (out of range), sell @ 1107 and place stop at 1104, How would I do that in Ninjatrader.

[NinjaTrader_RyanO]

klmklm,

To do that you would create an ATM strategy with a stop loss of 4 ticks and and a profit target of 8 ticks. Please see the following link for more information.

http://www.ninjatrader-support.com/HelpGuideV6/helpguide.html?PositionStrategy

Then you will place a stop limit order at 1105 with a stop market order by holding Ctrl+Middle Mouse click or a stop limit order with a middle mouse click.