EnterLongStop and EnterShortStop

[Mathemagician]

Is there any way to place stop orders above the market for a long entry and below the market for a short entry simultaneously? When using EnterLongStop and EnterShortStop it appears that only one is active.

Thanks!
M

[NinjaTrader_Dierk]

Unfortunately you can not place these 2 orders on opposite sides of the market. AFAIK some exchanges even explicitly disallow that.

[Mathemagician]

I would be very interested in hearing an example of an exchange that does not allow a trader to place stop orders both above and below a market.

For my part, I trade futures (TS Orders -> Ninja via ATI) and routinely have several resting stop orders on both sides of the market. I am trying to eliminate TS from the loop. Is there any way to get ninja to automate these orders without coding the long and short sides into separate strategies?

Thanks!
M

[NinjaTrader_Dierk]

Unfortunately this is not supported by NT. You would need to run multiple strategies.

[Mathemagician]

Blech. Thanks for the extraordinarily quick assistance!

M

[Pete S]

I would be very interested in hearing an example of an exchange that does not allow a trader to place stop orders both above and below a market.

Doesn't apply to you, but US options markets would not let you do that.

[CashCache]

Well, the BOX and the NYSE would, but I guess that's no help either...

-Scott