Placing more than 1 stop orders, not allowed?

[pipal]

I place a sell stop below the price, and then place a buy stop above but is rejected. Any way to fix this? Thx.

[NinjaTrader_Jessica]

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 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


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.

[pipal]

Many thanks for your detailed reply.

Sometime I don't have any position, but just want to get filled by buy stop when the price breaks up OR get filled by sell stop when the price breaks down. It seems that it doesn't take the second order in this case.

[NinjaTrader_Jessica]

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

[pipal]

Thanks for your help. I can make it now, when the OC is off or strategy is none.