Template for an OCO multiple order thread

[tvoigt]

I'm trying to set up a template for an OCO for a buy or sell. Assume the following:

Sell a pair when the price reaches a pre determined limit price of A:
Set a trailing stop Z above the entry price of A in the event the trade goes in the wrong direction;
Buy the pair when the price reaches a pre determined profit target of B.

Sell a pair when the price reaches a pre determined limit price of C:
Set a trailing stop Z above the entry price of C in the event the trade goes in the wrong direction;
Buy the pair when the price reaches a pre determined profit target of D.

If possible, I would like to be able to do this on screen. Any help would be appreciated. Thanks.

[NinjaTrader_Chip]

Hello

Thank you for your post.

As a starting point for this query I have included the complete instructions for setting up a ‘OCO’ breakout (and fade) entry. After you review these steps, then you can detail an example scenario (with numerical values) that you might use and we can offer some guidance on helping you get it set up.

NinjaTrader has the ability to submit two entry orders, one which will cancel if the other is filled. If you don’t want the other to cancel then eliminate the ‘OCO’ aspect.

For an entry on a breakout/breakdown approach by:
• Right click in the SuperDOM and select the menu "OCO Order" to enable this function
• For your first order, select the desired option from the "ATM Strategy" drop down list
• Submit your stop order to buy above the market
• For your second order, select the desired option from the "ATM Strategy" drop down list
• Submit your stop order to sell below the market
• CRITICAL Right click in the SuperDOM and select the menu "OCO Order" to disable this function

For a market fade approach just substitute limit orders for stop orders.

Additionally, if you have an open position without an ATM strategy, and you wish to add an ‘OCO’ limit and stop order to protect the position please follow these steps:
• Set strategy in the strategy selection drop down box to a value of <None>
• Right click in the SuperDOM and enable OCO order placement by selecting the menu "OCO Order"
• Then place a limit order where you want to exit at a profit
• Then place a stop order where you want to exit at a loss
• Then right click again and select the menu "OCO Order" to disable the OCO order placement

Please let me know if I can answer any additional questions.