OCO order setup

[podowitz]

I need specific step-by-step instructions for setting up an OCO order using an ATM strategy for each order that has an entry, stop and target. Can anybody help, or point me to a link which contains such instructions. I am using Chart Trader. Thanks!

[SteveTheCPA]

Does this video help?:

https://www.youtube.com/watch?v=WRljOiyDaq4

[NinjaTrader_Emily]

Hello podowitz,


Thank you for your post.


The video link that SteveTheCPA provided is definitely a great, concise resource for placing a breakout strategy with OCO orders that have ATM Strategies applied. Essentially the steps would be as follows:

• right-click within your order entry window and enable OCO
• select the desired ATM Strategy and place your first order
• select the desired ATM Strategy and place your second order
• right-click and disable OCO

One thing that I would like to point out (it is a common mistake/misunderstanding) has to do with the "Active ATM Strategy" - it can get a little tricky. Once you place your first order with an ATM Strategy selected, depending on your ATM Strategy Selection Mode, the dropdown list for ATM Strategies may automatically select the active strategy with a lightning bolt symbol to the left of the name. If you try to place a second order, you will receive an error message. It is important that you select a template or custom strategy from the dropdown menu again so that it shows the name with the little 'i' for information to the left rather than the lightning bolt. For more information, I have included a link to the ATM 201 webinar with a timestamp for the section that goes over active ATM strategies:

https://youtu.be/Gnyx8RSp3EI?t=1277

Here is the help guide section that goes over the different ATM Strategy Selection Modes:

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

If you have any additional questions, please feel free to ask them here.