"Add Target" or "Split Target" in dynamic Super DOM

[Wataizo]

Hi,
I am trying this first in the simulated account.

Say I get into a position with 2 contracts. What I would like to do is (manually) manage the stops and targets for each contract individually.

First I tried to turn on OCO, leave order quanttity at 2, and enter initial stop and target (2 contracts each). This is fine, but now I want to split the target into two limit orders for 1 contract each. I can see the +TARGET and -TARGET buttons, but they are "gray". My context menu does not have "Add Target" as indicated in the manual (http://www.ninjatrader-support.com/HelpGuideV6/helpguide.html). I thought I could use "add target" to split the orders, but can't get to it.

I also tried turning on OCO, entering the initial stop and targets, then turning off OCO. Also changing the quantity to 1. But the buttons stay gray and the context menu does not show Add Target.

I have "show quick buttons" set to true, but they are still grayed out.

Finally, I have also tried this without using OCO. That is, enter a position with 2 contracts, then turn quantity back to 1, and then enter two stops and two targets. The problem with this approach of course is that I don't get the auto cancel of the offsetting side.

Thanks for any help or advice.

Regards,
Raj

[NinjaTrader_Jessica]

Thank you for your post.

In order to use the Split target you will need to be utilizing an ATM strategy. This option is not available otherwise.

[daza]

Hi i wish to be able to do the same , i am using a ATM strategy but still can not split my targets or stops , am i doing something wrong how am i meant to do it?

regards

daza

[NinjaTrader_Jessica]

Thank you for your post.

If you have an active strategy displayed in the Basic Entry window, you can add or remove targets. For example, you may have a 2 contract position with 1 stop loss and profit target for 2 contracts each. You may decide to split this target (add target) so that you can exit the final contract at a higher price. You can add or remove a target with the quick buttons when an active strategy is selected in the strategy control list.


It is important to understand the following:

• <LI class=rvps1>You can have a maximum of 3 targets (if you had 3 and the first two targets are filled you can not split the 3rd target) <LI class=rvps1>If you have 1 target and you remove a target, you will be left with a stop loss order only
• New targets are added 4 ticks from your current outside target for futures, $0.20 for stocks

[daza]

thanks but how do i actually do that?

Daza

[NinjaTrader_Jessica]

Thank you for your post.

Please follow this scenario and see if it helps:

-Connect to the Sim datafeed
-Open up a SuperDOM
-Select an Instrument
-Set your order quantity to 4
-Set the ATM Strategy to custom
-Target 1= qty 2, stop 10, profit 5
-Target 2= qty 2, stop 10, profit 10
-Hit the market button to buy in at market and start your strategy
-Hit the +Target button in the Center column
-Your top target will split and the new target will automatically be 4 ticks above the old one.
-Hit the -Target button and the highest target will be consolidated with the target below it.

Thank you.

[vlc]

I cases where the ATM Strategy has three targets defined ( 3 contracts and target 1 , target 2, target 3) , but the trade was entered with a smaller position such as 1 contracts instead of 3..... and 1 more added on to the current open strategy. The result is 2 contract with one target ( of 2 contracts ) .
Using +TARGET in that scenario returns an error saying we can't have more than 3 targets ( even though only one is active at the time).

What would be the best way to split that target?

[vlc]

Select any ATM with three targets.
In chart trader reduce the quantity to 1.
Buy. You'll have a position with one target, one stop.
Make sure the current active ATM Strategy is selected.
Buy again. You'll have a bigger position but still only one target, one stop.
Now try to split the target.

[NinjaTrader_Brandon]

Hello vlc,

Thanks for your post.

This is not supported. When placing a 3 target ATM strategy you will need to use at least a quantity of 3 and have at least 1 contract per target.
If you want to enter a single contract you will need to use a single target. You will then be able to properly add targets.

[vlc]

OK, but it happens. There is no workaround?

[NinjaTrader_Brandon]

Hello vlc,

Thanks for your reply.

No, you must use a single target when placing a single quantity order for it to properly function.

[vlc]

OK. The only way I've ever figured to do this is to edit the WORKING orders in the Control Center. Was hoping there was a Ctrl key or something to do it from the chart.