Opposing orders - Hedging

[cnecorp]

Is it possible to take two opposing orders on the same instrument with NT e.g.

1. Enter a long trade and it goes into profit.
2. Enter a short trade (without canceling the long) to lock in profits on pullback.
3. Exit short trade when trend resumes on original long trade.

I have tried various combinations and have not been able to make it work but a fellow trader mentioned that he was told it could be done on an Ninja webinar.

Thanks

[NinjaTrader_Kyle]

Hello cnecorp,

Thank you for your post.

One of the great features of NinjaTrader is its ability to manage multiple virtual positions in the same market. This allows you to manage a long and short position in the same market simultaneously.
Here is how this is accomplished:

• Open 2 SuperDOMs and set them both to the same market
• Right click in on of the SuperDOMs and select the menu "Properties"
• Set the 'ATM Strategy selection mode' parameter to "DisplaySelectedAtmStrategyOnly"
• Repeat the last two instructions on the second SuperDOM
• Submit a buy order to open a long position in the first SuperDOM
• Submit a sell order to open a short position in the second SuperDOM

In addition to these instructions, I suggest reviewing the content available in our Online Help Guide specific to this topic.

[cnecorp]

Thanks Kyle.
Much appreciated.