To submit an order

a) <None> : Orders are submitted independent of a strategy

b) <Custom> : Stop Loss and Profit Target orders are created "on the fly" using the selected strategy parameters.  A more thorough explanation of these concepts can be found under the Advanced Trade Management section of the user help guide.

c) * Active Strategy X: Apply this order to this selected strategy, the selected strategy's stops and targets are automatically updated

d) User Defined Strategy Template: Stop Loss and Profit Target orders are submitted from a predefined user template

4. Enter an order with any of the methods described below

Quick Buttons

You can enter orders rapidly by pressing on any one of the quick order buttons.

Custom Orders

You can place a custom order by setting order parameters.

1. Select the order Type

2. Set the limit price if applicable (middle click in the field to retrieve the last traded price)

3. Set the stop price if applicable (middle click in the field to retrieve the last traded price)

4. Left mouse click either the "BUY" or "SELL" button

Scaling in or out of an active ATM Strategy

When you have an active ATM Strategy selected in the strategy control list, orders submitted scale into or out of the strategy. Once filled or partially filled, the existing stop loss and profit target orders are modified to reflect the new position strategy size. You can preset a default scale in or out quantity via the "Scale quantity" property accessible via the Basic Entry Properties window. As an example, your initial strategy may call for opening a position of four contracts but you want subsequent scale orders to be only one contract. If the Basic Entry "Scale quantity" property is set to a value of one, when an active ATM Strategy is selected in the strategy control list, the Basic Entry "Order qty" field will be set to a value of one automatically.

OCO Orders (One Cancels Other)

Stop Loss and Profit Target orders (submitted automatically via an ATM Strategy) are always sent as OCO, however, you can submit entry or exit orders as OCO orders as well. Why? The market may be trading in a channel and you wish to sell at resistance or buy at support, whichever comes first by placing two limit orders at either end of the channel. To place OCO orders, press down on your right mouse button inside the Basic Entry window and select the menu name "OCO Order" or use the short cut key CTRL+Z.

The "oc" (OCO indicator) will light up green. All orders placed while this indicator is lit will be part of the same OCO group. Once any order of this group is either filled or cancelled, all other orders that belong to this group will be cancelled. If you want each OCO order to create it's own set of Stop Loss and Profit Target orders ensure that the ATM Strategy control list is set to either "<Custom>" or a strategy template name before you submit each OCO order.

Break Out/Fade Entry Example

One of the great features of NinjaTrader is its ability to submit two entry orders, one of which will cancel if the other is filled.

You can accomplish a breakout/breakdown approach by:

For a market fade approach just substitute limit orders for stop orders.

Simulated Stop Orders (Simulated Order)

To submit a Simulated Stop Order (entry and exit NOT Stop Loss; simulated Stop Loss orders are enabled via an ATM stop strategy) you must enable Simulated Order mode via the right mouse click context menu by selecting the "Simulated Order" menu item or use the shortcut key CTRL+A. The "so" (Simulated Order indicator) will light up green. All stop orders placed while this indicator is lit will be submitted as a Simulated Stop Orders.