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How to set Stop-Market-Order to not activate until Entry order is Filled?

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    How to set Stop-Market-Order to not activate until Entry order is Filled?

    How may I set Stop-Market-Order, but not have it activated until my original entry order is filled? Is this only possible through scripting, or ATM Strategy?

    Let's say I want to enter a trade when it reaches X. Then and only then I want my SMO to be activated.

    #2
    Hello sastrades,

    You can use an ATM strategy to automatically submit a stop loss order when your entry order fills. You can find information and a video on ATM strategies in our help guide.



    Please click 'Desktop Help Guides'. Then click Operations-->Advanced Trade Management (ATM) on the left.

    Last edited by NinjaTrader_Jason; 01-22-2024, 03:23 AM.

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      #3
      This is not dynamic. What if the number of contracts change from trade-to-trade... You're telling me I need to set an ATM for every contract position size? What about defining a specific stop loss, which may be different from trade-to-trade?

      In TradingView, I can set stop loss and profit target right in the order entry window.

      Also... I can only access the ATM parameters window from the Chart Trader? Not even from a hotkey, or from the familiar Order Ticket window? If I 'hide' chart trader, I need to unhide it every time I want to create/change an ATM strat?
      Last edited by sastrades; 01-23-2024, 10:18 PM.

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        #4
        The ATM strategy order quantities will adjust accordingly if you change the order quantity of the entry order before you submit it.

        You could manually submit a stop market order/stop limit order (stop loss) and limit order (profit target) once you get into a position.
        • Right click in the order entry window and enable 'OCO Order' (one cancels other)
        • Submit the 2 orders you want to be OCO
        • Right click in the order entry window and disable 'OCO Order'
        Please don't forget step 3 to avoid order rejections

        It is not supported to automatically submit stop loss and profit target orders without an ATM strategy.

        You can configure hot keys to enable ChartTrader in charts.
        • Go to Control Center-->Tools-->Hot Keys
        • Select Chart on the left
        • Configure hot keys on the right for 'Show chart trader' or 'Show chart trader (hidden)'
        ATM strategies can't be selected in the Order Ticket window. They can be selected in ChartTrader, SuperDOM, Basic Entry and FX Pro.

        Yes, you would need to unhide ChartTrader to change ATM strategies.

        Comment


          #5
          Originally posted by sastrades View Post
          This is not dynamic. What if the number of contracts change from trade-to-trade... You're telling me I need to set an ATM for every contract position size? What about defining a specific stop loss, which may be different from trade-to-trade?

          In TradingView, I can set stop loss and profit target right in the order entry window.

          Also... I can only access the ATM parameters window from the Chart Trader? Not even from a hotkey, or from the familiar Order Ticket window? If I 'hide' chart trader, I need to unhide it every time I want to create/change an ATM strat?
          +1 TRADINGVIEW run as fast as you can from the rabbit hole called NT unless of course you like dealing with antiques LOL

          Comment


            #6
            Originally posted by sonia0101 View Post
            +1 TRADINGVIEW run as fast as you can from the rabbit hole called NT unless of course you like dealing with antiques LOL
            I wish I could, as NT is frustrating. However, TV doesn't seem to want to commit the processing power to handle tick charts.

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