Manage multiple orders in a strategy independently

[tjfintrade]

Hi there,

Hope everyone is doing well today.

I currently have a strategy that allows up to 3 entry orders at one time with 3 different profit targets. However, there is only 1 stop loss for all 3 orders. So when the 3 orders are placed, the stop loss and breakeven is the same for all 3.

We need the strategy to manage each order separately so we can have different targets, stops, breakevens, and trailing stop settings for each order independently.

Does anyone have a code sample they could share to help us structure what this should look like when each order is managed independently?

Also, has anyone had any problems when trading live using multiple independent orders going out all at once?

[NinjaTrader_BrandonH]

Hello tjfintrade,

Thanks for your post.

Managing multiple entry/exit orders is controlled by the 'Signal Name' and 'From Signal Name' properties. You would give each entry order a Signal Name of something like "Entry1", "Entry2", and "Entry3". Then you would set your Exit order's 'From Signal Name' property to "Entry1", "Entry2", and "Entry3" to tie the exit orders to the entries. You could also give the Exit orders a 'Signal Name' such as "Exit1", "Exit2", and "Exit3".

You could then add your logic to the strategy for moving each stop to breakeven or trailing the stops.

This sample can assist further with managing multiple entry/exit signals:
https://ninjatrader.com/support/helpGuides/nt8/en-us/using_multiple_entry_exit_sign.htm

My colleague Chelsea has created educational examples of strategy builder breakeven and trailing stop in the strategy builder here which you might find helpful:
https://ninjatrader.com/support/foru...der#post806596

[jeronymite]

tjfintrade My AddOn software (Mizpah Trade Manager) can submit up to 41 Orders in each of up to 7 Instruments in each of up to 8 different Accounts in a single "trade". A quick calculation will show you that the software can submit and manage up to 2,296 separate Orders in a single trade, and whilst all Orders are managed within the parameters set for StopLoss and Profit Target, each and every Order is managed individually. So, to answer your last question, no problems at all, other than knowing what to do and programming it correctly.

Thanks.

[tjfintrade]

Hello tjfintrade,

Thanks for your post.

Managing multiple entry/exit orders is controlled by the 'Signal Name' and 'From Signal Name' properties. You would give each entry order a Signal Name of something like "Entry1", "Entry2", and "Entry3". Then you would set your Exit order's 'From Signal Name' property to "Entry1", "Entry2", and "Entry3" to tie the exit orders to the entries. You could also give the Exit orders a 'Signal Name' such as "Exit1", "Exit2", and "Exit3".

You could then add your logic to the strategy for moving each stop to breakeven or trailing the stops.

This sample can assist further with managing multiple entry/exit signals:
https://ninjatrader.com/support/helpGuides/nt8/en-us/using_multiple_entry_exit_sign.htm

My colleague Chelsea has created educational examples of strategy builder breakeven and trailing stop in the strategy builder here which you might find helpful:
https://ninjatrader.com/support/foru...der#post806596

Thanks, Brandon,

I was also trying to see if it's possible to add a feature with a dropdown that will allow us to select an ATM strategy from the list of custom ATM strategies we already have for each order. Is there a code sample for that?

[NinjaTrader_BrandonH]

Hello tjfintrade,

Thanks for your notes.

Please view the example strategy shared by my colleague Chris on the forum thread linked below which demonstrates how to create a custom ATM selector in your script.

AtmStrategySelectorExample: https://forum.ninjatrader.com/forum/...55#post1053755

[tjfintrade]

NinjaTrader_BrandonH Thank you for the quick response! We will review the code samples.