ATM OCO orders?

[ju1234]

How would I achieve the following scenario:

I am long Emini at 1500 without an attached ATM strategy. Now I want to place an OCO order (similar to what would be accomplished by an attached limit profit+ protective stop) to manage my long position. I want to sell at limit of 1502, at the same time have a sell stop at 1498. Filling either of two should cancel other. How do I accomplish this in NT?

[NinjaTrader_Brandon]

Hello ju1234,

Thanks for your post.

If you have an open position without an ATM strategy, and you wish to add a 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 on your order entry window 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


Now you have a target and a stop placed protecting your open position, and when one of these orders is filled the other will be canceled automatically.