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Simplest way to place Stop Order with Stop Loss

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    Simplest way to place Stop Order with Stop Loss

    What is the easiest way to place any Stop Order when the Stop Loss can be variable?
    eg. I only place stop orders and the stop loss can be anything between 7 to 15 pips. I do not want to go to the extent of setting 9 different ATM Strategies for different stop losses within the above range.

    I know how to place a Stop Order on the Superdom but cannot see where to place a Stop Loss.

    I wish to move to Ninjatrader from ProRealtime, but PRT make it so easy to place a stop order directly onto the chart with a mouseclick, and a stop loss with another mouseclick...I am just looking at the quickest and easiest way to place a stop order with stop loss.

    Any advice please? Thank you.

    #2
    The only way to perform this in NinjaTrader would be the way you mentioned - have different stop loss templates which you can select to meet your stop loss goals for that entry order.

    The process in NinjaTrader sounds like a similar amount of mouse clicks compared to the other platform just in opposite order:
    • Select your desired ATM template
    • Place your entry order

    The other option which may or may not be quicker would be to ignore ATM strategy templates completely and just submit two orders and manually manage them - one entry order and one stop loss order.

    The method of order entry you describe would be possible to create in NinjaTrader but would require custom NinjaScript programming.

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      #3
      Thanks Patrick...thinking about it further, it would probably be easier and faster at the end of the day, simply setting out several ATM Strategies for the differing stop losses within the range I usually use.

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