Multiple stops at different prices on same strategy?

[richfitton]

Is it possible to create a strategy which uses multiple stops at different prices and places them at the time of entry?

e.g.on YM: long entry (2contracts) at 10840, 1st stop (1 contract) at 10835, 2nd stop (1 contract) at 10830, 1st target (1 contract) at 10845, 2nd target (1 contract) at 10860.

I would like to manage such a strategy through a single basic entry window if possible, apologies if I have overlooked the obvious.

[NinjaTrader_Ray]

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Not at this time, on list for future consideration.

[gretrade]

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Going through the forum, I have noticed this topic. I have the same issue.

Am I correct thinking that one way around it would be to open 2 different positions on the same YM contract, entering at the same price and then managing them with different stops/targets ?

If one has a 5 or 10 lot strategy it could be quite a nightmare, though. ANy idea as to if and when this issue could be sorted?

Thanks

[NinjaTrader_Ray]

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Yes you could do that or, you could place a STOP order into the active strategy via middle mouse click.

[gretrade]

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Ah, then I have probably missed something.

Say that I am 3 lots long at 16 in YM. The market is now at 80. My stop is now at 35 (all 3 lots). Can I put a stop for 1 lot at 70, 1 lot at 55 and keep the third at 35?

From your last post I understand that if I centre-click on the bid column at 70 for 1 lot and then at 55 for 1 lot, the third stop size will be adjusted automatically to 2and then 1if these two stops will be hit.

However It looks likeI can move only one stop. If I centre-click on 70 I have a pending order for 1 lot (the 35 still says 3 lots). If I centre-click then on 55, the stop at 70 disappears.Correct? Anyway around it?

[NinjaTrader_Ray]

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You can your original at 35, then place a stop order to sell 1 at 70, once that is filled NT will adjust the original stop at 35 to 2 contracts, you can then place your next stop at 55, then once that is filled NT will adjust the stop at 35 to one contract.


Ray