Profit target order using account.CreateOrder

[yubo27]

How do I add profit target order using account.CreateOrder?
I have an indicator with a custom button on chart, that buys/sells based on conditions. See code snippet below.
In the strategy, SetProfitTarget/SetStopLoss can achieves this. What is the equivalent way in Indicator class, to submit OCO bracket orders?

account.CreateOrder(Instrument, OrderAction.Buy, OrderType.Market, OrderEntry.Automated, TimeInForce.Day, 1, 0, 0, string.Empty, "Long", new DateTime(), null);
account.Submit(new Order[] { mar****rder });

[NinjaTrader_ChelseaB]

Hello yubo27,

You will want to use OrderType.Limit if you want a limit order profit target.

You may find the example linked below very helpful.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/add-on-development/105588-usage-of-charttrader-in-add-on?p=820720#post820720

[bltdavid]

How do I add profit target order using account.CreateOrder?
I have an indicator with a custom button on chart, that buys/sells based on conditions. See code snippet below.
In the strategy, SetProfitTarget/SetStopLoss can achieves this. What is the equivalent way in Indicator class, to submit OCO bracket orders?

account.CreateOrder(Instrument, OrderAction.Buy, OrderType.Market, OrderEntry.Automated, TimeInForce.Day, 1, 0, 0, string.Empty, "Long", new DateTime(), null);
account.Submit(new Order[] { mar****rder });

When submitting orders from an indicator, it's probably best
to just use ATMs.

Why? Because when your entry order fills, the ATM handles
the profit target/stop loss OCO orders automatically -- and
because it's an ATM, the user gets to manage the trade
themselves using the Chart Trader buttons, such as Rev
and Close.

I do the same thing as you, but I get the entry order details
from the Chart Trader, meaning I use the ATM strategy the
user has selected, and the quantity, and the account.

Something like this,

ChartControl.Dispatcher.InvokeAsync((Action)(() =>
{
    Account a = ChartControl.OwnerChart.ChartTrader.Account;
    int qty = ChartControl.OwnerChart.ChartTrader.Quantity;
    AtmStrategy atm = ChartControl.OwnerChart.ChartTrader.AtmStrategy;
    Instrument instr = ChartControl.OwnerChart.ChartTrader.Instrument;
    Order o = a.CreateOrder(instr, OrderAction.Buy, OrderType.Market, OrderEntry.Automated,
                            TimeInForce.Day, qty, 0, 0, "", "Entry", Core.Globals.MaxDate, null);
    if (atm == null)
        // AtmStrategy was set to 'None' in ChartTrader
        a.Submit(new[] { o });
    else
        NinjaTrader.NinjaScript.AtmStrategy.StartAtmStrategy(atm, o);
}));
​

An example indicator using this approach can be found here.

[bltdavid]

The entry order can be anything you want, it doesn't
have to be a Market order, it can be any type.

In my latest version of that code, I've wrapped it inside
a function which allows the entry order to be of any type.

For example,

private void TradeAssistant_PlaceOrder(int orderDirection, OrderType orderType, double limitPrice, double stopPrice)
{
    ChartControl.Dispatcher.InvokeAsync((Action)(() =>
    {
        Account a = ChartControl.OwnerChart.ChartTrader.Account;
        int qty = ChartControl.OwnerChart.ChartTrader.Quantity;
        AtmStrategy atm = ChartControl.OwnerChart.ChartTrader.AtmStrategy;
        Instrument instr = ChartControl.OwnerChart.ChartTrader.Instrument;
        Order o = a.CreateOrder(instr, orderDirection == LONG ? OrderAction.Buy : OrderAction.Sell, orderType,
                                OrderEntry.Automated, TimeInForce.Day, qty, limitPrice, stopPrice, "", "Entry", Core.Globals.MaxDate, null);
        if (atm == null)
            // AtmStrategy was set to 'None' in ChartTrader
            a.Submit(new[] { o });
        else
            NinjaTrader.NinjaScript.AtmStrategy.StartAtmStrategy(atm, o);
    }));
}
​

Call it like something this,

public const int LONG = 1;
public const int FLAT = 0;
public const int SHORT = -1;

// various examples
​TradeAssistant_PlaceOrder(LONG, OrderType.Market, 0, 0);
​TradeAssistant_PlaceOrder(LONG, OrderType.Limit, GetCurrentBid(), 0);
​TradeAssistant_PlaceOrder(SHORT, OrderType.Limit, GetCurrentAsk(), 0);
​TradeAssistant_PlaceOrder(LONG, OrderType.Limit, Close[0], 0);​

[yubo27]

Thanks bltdavid.

For exit order placed by AtmStrategy, is there way to further modify stop-limit loss order's limit price through script? The default one has limit price equals stop price.

I need to modify stop-limit order's limit price to cross market (ie. above Ask for buy, below Bid for sell), to insure market order type of execution. This is also due to broker IB's restriction on stop market order outside RTH.

In the Strategy, order can be modified using ChangeOrder(). How can this be done in Indicator?

[yubo27]

Hi bltdavid,

I tried your code, it doesn't work.

In indicator class, using AtmStrategy.StartAtmStrategy(atm, order) does not start Atm strategy. The order is created but hangs with "initialized" state.

Adding line account.Submit(new[] { order }) does submit the order. But does not start Atm strategy.

[bltdavid]

I tried your code, it doesn't work.

Hmm, works for me.
Do you get an error message?

In indicator class, using AtmStrategy.StartAtmStrategy(atm, order) does not start Atm strategy. The order is created but hangs with "initialized" state.

I've never seen that.

I use the fully qualified name,

NinjaTrader.NinjaScript.AtmStrategy.StartAtmStrategy

You are correct, this method 'does not start Atm strategy'. It is used
to submit entry orders with an associated Atm strategy -- you should
not have submit the entry order itself, since that is done for you when
you use this method.

What does 'order' look like?

Can you provide a minimal working indicator
with the exact code that is causing this problem?

Who is your broker?
Was this a live order or a Sim101 order?

I'm using that code with Rithmic based accounts, such
as Apex and Leeloo, and it seems to work fine.

[yubo27]

Below is the code. The broker is IB.
Without last line account.Submit(new[] { ord }), order will hang with initialized state.
With last line, order will be submitted. But no Atm strategy is started. "atm" object is confirmed not null, and properly set.

public class AtmBuyButton : Indicator
{
​.....

  private void OnButtonClick(object sender, RoutedEventArgs rea)
   {
       atm_buy();
   }

   private void atm_buy(){
     ord = account.CreateOrder(Instrument, "Buy", OrderType.Limit, OrderEntry.Automated, TimeInForce.Gtc, size,
         GetCurrentAsk();,0,
         string.Empty, "Entry atm", new DateTime(), null);


     AtmStrategy atm = ChartControl.OwnerChart.ChartTrader.AtmStrategy;
     if (atm != null)
        NinjaTrader.NinjaScript.AtmStrategy.StartAtmStrategy(atm, ord);

     account.Submit(new[] { ord });
    }
}
​

[yubo27]

Never mind. Changing "Entry atm" to "Entry" works.
This is such a hard-coded hidden condition, that should not exist.

[bltdavid]

Never mind. Changing "Entry atm" to "Entry" works.
This is such a hard-coded hidden condition, that should not exist.

I would agree.

But, in NT's defense, this requirement is clearly documented.

[judysamnt7]

Hi there,
when using account.createorderto buy at the best bid price ,how do I retrieve/set the double limitPrice as indicated in the syntax?

CreateOrder(Instrument instrument, OrderAction action, OrderType orderType, OrderEntry orderEntry, TimeInForce timeInForce, int quantity, double limitPrice, double stopPrice, string oco, string name, DateTime gtd, CustomOrder customOrder)

thanks

[NinjaTrader_ChelseaB]

Hello judysamnt7,

This would be the price you are are wanting to place the order at.

An indicator is provided an Open, High, Low, and Close series which provides the bar pricing information which can be used to calculate a limit price.
The current ask and bid is provided with GetCurrentAsk() and GetCurrentBid() which can be used to calculate a limit price.
You can call other indicators and use those to calculate a limit price.

As an example if I wanted to submit a buy limit order 10 ticks below the ask.

double myLimitPrice = GetCurrentAsk() - 10 * TickSize;
myAccount.CreateOrder(Instrument, OrderAction.Buy, OrderType.Limit, OrderEntry.Automated, TimeInForce.Gtc, 1, myLimitPrice, 0, string.Emtpy, "myEntryLimit", Core.Globals.MaxDate, null);

[judysamnt7]

thanks for your response, Chelsea.
another question: what does OrderEntry.Automated do as opposed to OrderEntry.Manual ?

[NinjaTrader_ChelseaB]

Hello judysamnt7,

This marks the order for the exchange. Many exchanges require you to disclose if the order is being submitted by an automated script or if the order is being submitted manually.

[giogio1]

Do the ATM send the order to the exchange as OrderEntry.Automated or OrderEntry.Manual ?