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Adjusting Stop Loss and Take Profit levels before fill

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    Adjusting Stop Loss and Take Profit levels before fill

    Is there a way to create an order on chart trader and be able to adjust SL/TP _before_ my order filled?
    This is implemented in Ninja Mobile app but cannot find a way to do it in the desktop version.

    I understand that I can create SL/TP with ATM strategy but in some cases I would like to use logical SL levels not like hardcoded 40 points.
    Also understand I can move SL after being filled but I want to put an order, ajust SL/TP an go away from the desk.

    #2
    Hello Atlant ​,

    Thank you for reaching out.

    On NT8 desktop this would have to be done without ATMs and you would have to submit your SL/TP manually using OCO.

    Here are some screenshots of me doing this:

    1. First place your limit order, in this example, I have placed a Buy Limit

    Click image for larger version  Name:	image.png Views:	0 Size:	94.7 KB ID:	1302223

    2. Now Place your Stop Loss and Take Profit Orders.

    I want my Stop Loss to cancel if my Target fills, and vice versa. So I First turn on OCO by pressing CTRL + Z

    Then I place a Sell Stop Market for my SL and a Sell Limit for my TP

    Click image for larger version  Name:	image.png Views:	0 Size:	89.9 KB ID:	1302225

    Click image for larger version  Name:	image.png Views:	0 Size:	68.9 KB ID:	1302226

    Now that my ST and TP are in place, I turn off OCO by again pressing CTRL + Z

    ​​

    3. I can now freely move the Two protection orders as I please. When my Order fills they will remain where I last left them, and when either the SL or TP is filled the other will automatically cancel (just like an ATM)

    Please see this publicly available video on OCO orders from our YouTube channel:

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

    ​Additionally here is a link to our help guide on Manual OCO orders:

    NinjaTrader 8 Help Guide — Understanding OCO Orders

    Please let us know if you have any other questions after reviewing the above.
    Attached Files
    Erick P.NinjaTrader Customer Service

    Comment


      #3
      thank you, but in this case original (1st) buy order is not linked to SL/TP orders.
      it looks like I am getting 2 sets of independant orders:
      1. Buy limit
      2. some kind of braket order

      what gonna happen if the price will just go up? my guess is I will sell at TP level and will get a "short" position? - not what I really want. I would want SL/TP activated only if I have a position.
      Last edited by Atlant; 05-03-2024, 11:29 AM.

      Comment


        #4
        thank you, but in this case original (1st) buy order is not linked to SL/TP orders.
        it looks like I am getting 2 sets of independant orders:
        1. Buy limit
        2. some kind of braket order

        what gonna happen if the price will just go up? my guess is I will sell at TP level and will get a "short" position? - not what I really want. I would want SL/TP activated only if I have a position.​
        Anybody can help with this?

        Comment

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