• If this is your first visit, you will have to register before you can post. To view messages, please scroll below and select the forum that you would like to visits. Questions? Be sure to check out the Forum FAQ.

Announcement

Collapse
No announcement yet.

Partner 728x90

Collapse

3 targets give 3 undesirable stop orders?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    3 targets give 3 undesirable stop orders?

    Hi,

    I'm just starting with ATM and it's great! I'm using IB with NT.

    However the additional orders that NT generates are awful in respect to commissions

    I am creating a ATM with 3 profit targets it also creates 3 stop-loss orders with the same S/L price. If I enter and my S/L is hit I have to pay 3 times commission for the 3 stop orders which is I think unnecessary if the stop orders where combined to one single stop until the 2st target is hit, the S/L could be updated and changed.

    If I have 2 targets, and I move over the amount from one target into the other target, EVERY time i make a change, there are new bracket orders created instead of the current order amount updated.
    If I would change the amount of stocks 5 times I would have 5 additional orders in the market for one and the same target..

    I usually adjust my orders manually in IB, this is picked up by NT so that's a reasonable work around for some of the issue's but not the s/l orders with the 1+ targets.

    Can this behavior of NT be switched of some where so it starts to update the order amounts instead of adding new orders? And how can I enable NT that with multiple targets the S/L orders on the same price level are one order instead of 3 S/L orders with the same price.


    Many thanks in advance,

    Wessel de Roode

    #2
    Hello Wessel,

    Thank you for your post.

    This is to be expected since each stop loss and profit target form their own OCO order pair. So for each of your profit targets there is a stop order for that particular profit target, thus the 3 seperate stop orders.

    Also, the reason your orders are updated in the manner you describe is because NinjaTrader uses FIFO (first in first out). Please see the following link for more information.
    http://www.ninjatrader-support.com/H...FOOptimization

    However, I will forward your suggestions to development for inclusion among the list of possible future enhancements to NinjaTrader.
    Ryan O.NinjaTrader Customer Service

    Comment


      #3
      Thanks for the explanation and sending it to development
      Wessel

      Comment

      Latest Posts

      Collapse

      Topics Statistics Last Post
      Started by martyn73, Today, 03:09 PM
      0 responses
      2 views
      0 likes
      Last Post martyn73  
      Started by martyn73, Today, 03:05 PM
      0 responses
      1 view
      0 likes
      Last Post martyn73  
      Started by mic414, Today, 02:17 PM
      0 responses
      1 view
      0 likes
      Last Post mic414
      by mic414
       
      Started by U0000999, Yesterday, 06:18 PM
      1 response
      18 views
      0 likes
      Last Post NinjaTrader_ChrisL  
      Started by Jurase, Today, 10:44 AM
      4 responses
      22 views
      0 likes
      Last Post Jurase
      by Jurase
       
      Working...
      X