ordering set-up

[sub5mango]

Hello NT,

I am trading discretionary. I can't get this ordering set-up to work. I have tried a combination of order types using superdom, charttrader, control panel, atm strategy, oco options.

EG (values are an example, it's the principle I am interested in).
1. The market is at 1200
2. a) I want to set up an order to go long if the price hits 1202
b) At the same time I want to place an order to go short if the market hits 1198.
3. Assume the market hits 1198:
a) I want the pending 1202 long order to cancel
b) I want a target order to activate for 1195 and a stoploss order to activate for 1201.
4. The market hits target 1195:
a) I want the stoploss order to cancel.

Thanks in advance.

[NinjaTrader_Jason]

You can accomplish such an entry using the instructions below:

Right click in the SuperDOM and select the menu "OCO Order" to enable this function

For your first order, select the desired option from the "ATM Strategy" drop down list
Submit your stop order to buy above the market

For your second order, select the desired option from the "ATM Strategy" drop down list
Submit your stop order to sell below the market

CRITICAL Right click in the SuperDOM and select the menu "OCO Order" to disable this function

For a market fade approach just subsitute limit orders for stop orders. This entry technique is demonstrated in our free ATM Level I training class that we hold several times per week.

[sub5mango]

Hi Jason,

thanks for speedy reply.

for the superdom, how do i do this:

"Submit your stop order..." - when I have tried to do that in the
superdom (by clicking above the price in the "buy" column), it automatically gives me a limit order which fills immediately.

btw - thanks to your reply - i've got it to work in the basic entry window by changing the atm strategy for each order.

how do i get to see the basic training classes?

[NinjaTrader_Jason]

Please submit either a stop market order or a stop limit order. Instructions can be found at the link below.

http://www.ninjatrader-support.com/HelpGuideV6/ManagingOrders.html

You can find all upcoming live events at the following link.

http://www.ninjatrader.com/webnew/trading_online_events.htm

[sub5mango]

great stuff, cheers