Stop loss and take profit for orders with OIF files

[NinjaTrader_ChelseaB]

Hello spondishy,

This would be without using an Atm template? (An Atm template created in the SuperDOM or Chart Trader where be where you would set a number of ticks from entry for a stop and target)

It would not be possible to specify a number of ticks for a stop order and limit order when placing these with OIF. You would need to calculate this first and supply the exact prices for the stop price and limit price.

For example:

PLACE;Sim101;AAPL;BUY;1;MARKET;;;GTC;;MYORDERID1;;
PLACE;Sim101;AAPL;SELL;1;STOPMARKET;;191.31;GTC;MYOCOID1;MYORDERID2;;
PLACE;Sim101;AAPL;SELL;1;LIMIT;192.81;0;GTC;MYOCOID1;MYORDERID3;;​

[spondishy]

Any chance you can just give me the example of oif entries that take an order at market and set the stop loss at 50 ticks and profit at 100?

[NinjaTrader_ChelseaB]

Hello spondishy,

This would be the entry market order with the ID '7c656f58-83dc-40e2-87e4-fff6ccc59c7f'. The entry market order is not a stop order and cannot be modified.

The order ID of the entry is not the order ID of any stops or targets that get submitted from an Atm Strategy.

You would need the ID of the stop order to modify that stop order.

You can get this ID from the Orders tab of the Control Center.

[spondishy]

OK thanks. I don't see how this can work so can you help with the OIF files as I'm getting errors.

1) I create a market order. All good:

PLACE;Sim101;MNQ SEP23;BUY;1;MARKET;;5;DAY;7c656f58-83dc-40e2-87e4-fff6ccc59c7f;7c656f58-83dc-40e2-87e4-fff6ccc59c7f;;

2) I attempt to change the stop (with a new file)

CHANGE;;;;1;;;15200;;;7c656f58-83dc-40e2-87e4-fff6ccc59c7f;;


This gives an error in the logs. Order is in a terminated state so cannot be changed. And a file in the outgoing folder with contents of REJECTED;0;0

3) What would the OIF file look like to set the target profit? Thanks

[NinjaTrader_ChelseaB]

Hello spondishy,

The profit target would be defined in the Atm Strategy template, if one was used.

The alternative is to just place a limit order and stop order with the PLACE command, and modify those orders directly.

[spondishy]

Thanks for the response. Unfortunately my stop changes depending on certain parameters, so I have a moving contract size and stop. So can I do this somehow.

1) Place order for x contracts (PLACE command)
2) Change order for stop loss (CHANGE command)
3) How would I set take profit?

Or am I missing something? I don't see how ATM strategies would work.

[NinjaTrader_ChelseaB]

Hello spondishy,

An Atm could be applied to the entry by specifying an Atm Strategy Template name and ID.
PLACE;<ACCOUNT>;<INSTRUMENT>;<ACTION>;<QTY>;<ORDER TYPE>;[LIMIT PRICE];[STOP PRICE];<TIF>;[OCO ID];[ORDER ID];[STRATEGY];[STRATEGY ID]

https://ninjatrader.com/support/helpGuides/nt8/order_instruction_files_oif.htm

The quantity can be changed by supplying that same strategy ID.
CHANGE;;;;<QUANTITY>;;<LIMIT PRICE>;<STOP PRICE>;;;<ORDER ID>;;[STRATEGY ID]

However, a market order cannot be modified. You would need to place an additional order to change the position quantity.

[spondishy]

Hi there, I'm creating orders using OIF files and have no issues creating market orders. I'm wondering how I go about setting a stop and take profit on the market order. I would prefer to apply an ATM strategy but the quantity of the order will change so that won't work.