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How to place OCO orders using a strategy ?

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    How to place OCO orders using a strategy ?

    I want to place OCO orders with cutting any 5 ticks loss and taking any 7 ticks profit.
    I tried both SuperDom and Chart Trader but none of them yielded to what I was waiting for.

    A) Superdom
    1. done CTRL-Z
    2. placed Buy LMT 1356.00
    3. set ATM strategy to custom with SL=5 and PT=7
    4. placed Sell LMT 1354.00
    5. done CTRL-Z
    as the order gets filled none of the orders mentioned above get launched.

    B) Chart Trader
    1. done CTRL-Z
    2. placed Buy LMT 1356.00
    3. set ATM strategy to my favourite one among my list
    4. placed Sell LMT 1354.00
    5. done CTRL-Z
    as the order gets filled none of the orders mentioned above get launched.

    How can I use OCO orders with an SL/PT strategy of that sort ?

    Gerard

    #2
    Hello,

    One of the great features of NinjaTrader is its ability to submit two entry orders, one which will cancel if the other is filled.
    You can accomplish 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 subsitute limit orders for stop orders. This entry technique is demonstrated in our free ATM Level I training class that we hold several times per week.
    Click here complete schedule of our various free training sessions
    Click here for more information on submitting orders in the SuperDOM

    Comment


      #3
      Thanks for the help, I can now use OCO orders.

      I watched the videos about strategies and I have a question : using my favourite risk management rule (SL=5 ticks, PT=7 ticks), I want to create a new bracket for each new order filled.
      The video in the NT Help site shows how to go to the Options Window then in the Strategies Tab how to uncheck "Apply fills to active strategy as default"; the problem is that this option no longer exists with NT 6.5.

      What should I do ?

      Comment


        #4
        Originally posted by grd974 View Post
        Thanks for the help, I can now use OCO orders.

        I watched the videos about strategies and I have a question : using my favourite risk management rule (SL=5 ticks, PT=7 ticks), I want to create a new bracket for each new order filled.
        The video in the NT Help site shows how to go to the Options Window then in the Strategies Tab how to uncheck "Apply fills to active strategy as default"; the problem is that this option no longer exists with NT 6.5.

        What should I do ?
        Hello,

        Please right click within your SuperDOM and select properties from the dropdown menu. From the properties window set your 'ATM Strategy selection mode' to KeepSelectedAtmStrategyTemplateOnOrderSubmission.

        More information can be found in our help guide here: http://www.ninjatrader-support.com/H...ategyMode.html

        Comment

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