atm/regula stops/take profit orders - simulated orders

[birdog]

Re: How can I most easily make NT take any ATM or regular stops and take profit orders to be simulated orders so they do not try to get placed with broker?

Hi,

How can I most easily make NT take any ATM or regular stops and take profit orders to be simulated orders so they do not try to get placed with broker?

The reason for this in a few...but one specific reason when doing fast scalps with a close stop say 2 or 3 ticks on ES and a 1-3 take profit, the notices pop all over the place on NT because price can move so fast that price moves beyond the stops or take profit and then does nothing and leaves the position without protection on both sides (so out in the cold with a naked position).

If there is other ways to force stops and limits anyway or keep making NT attempt the placement of the stops and limits anyway instead of doing nothing leaving the open naked position.

What are some of the best ways to fix this in NT for fast scalpers like this or similar positions?

Thanks.

Greg

[NinjaTrader_Erick]

Hello birdog ,

Thank you for reaching out.

On NinjaTrader 8 Desktop, you can accomplish this by settings Simulated Stop orders (not available by default for Profit Targets)

A 'simulated' stop order is something invented by NinjaTrader, whereby the stop order's price is monitored, and when that price is reached, only then does the NinjaTrader software actually submit the real order to your broker (who naturallysends to the exchange).

A simulated stop order means: The stop order is locally simulated in the software and then
submitted to the market once price triggers the order.

To set local simulated stops in NinjaTrader 8, you can configure your ATM Strategies or place individual orders with the Simulated Stop option. These stops are held locally on your computer and only sent to the broker when the stop price is hit, preventing them from being prematurely executed due to fast market moves. Here’s how you can set them up: Steps to Enable Simulated Stops in NinjaTrader 8:

1. Simulated Stops in ATM Strategies


If you want to set Simulated Stops as part of an ATM Strategy, follow these steps:

• Open ATM Strategy:
  • In Chart Trader (enabled by right-clicking on your chart and selecting Chart Trader), click the ATM Strategy drop-down menu and either create a new strategy or modify an existing one.
• Stop Strategy Configuration:
  • Click on the Stop Strategy button inside the ATM Strategy window.
  • You will see options for configuring your stop-loss, including options for Auto Breakeven, Auto Trail, and Simulated Stop.
  • Check the Simulated Stop box. This will ensure your stop-loss is simulated and held locally until triggered.
• Complete Your ATM Setup:
  • Set your desired Profit Target and Stop-Loss distances in ticks.
  • Click OK to apply the changes to your ATM Strategy.

2. Simulated Stops on Manual Orders

If you are placing a manual stop order and want to ensure it is a simulated stop, you can enable this directly from the Chart Trader or SuperDOM:

• Enable Simulated Orders:
  • Right-click on Chart Trader or SuperDOM.
  • From the context menu, select Simulated Orders. This option will make all future stop orders you place from this window simulated by default.
• Place Your Stop Order:
  • Now, place your stop-loss order by right-clicking on the chart and selecting Sell Stop (for long positions) or Buy Stop (for short positions).
  • With Simulated Orders enabled, these stop orders will be simulated and held locally on your machine until the stop price is hit.

More information about simulated stops could be found on the help guide documentation linked below.

Simulated Stop Orders: https://ninjatrader.com/support/help...top_orders.htm

Please let us know if we may be of further assistance.

[birdog]

Thanks but simulated stops are being blown through for me...see https://app.screencast.com/CX2gcIwWmPEGz How can we fix this? Greg