Placing opposing trades

[steve2222]

Say you are trading Crude (CL) and you go long on a Swing trade without using ATM, but you have placed a manual profit target (Sell Limit).

At the same time as this Long Swing trade is playing out, you want to do multiple Scalp trades (both long and short).

How do you place orders to enter the Scalps and how do you place manual profit targets (Limit orders) for the Scalps without interfering with the profit target order related to the Swing trade?

[NinjaTrader_RyanO]

Hi steve2222,

Thank you for your post.

If you are not using ATM strategies and manually placing your stops when scalp trading I would recommend you use separate DOMs for each trade, as the SuperDOM will display the account position since we are not using ATM strategies to go long and short.

Essentially, you would be monitoring each trade separately but your account would reflect your overall position. More information at:

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?sub.htm

However, since you are placing these trades manually without ATM strategies you will want to keep each trade separate.

[steve2222]

Thanks Ryan, but that does not work - I had already tried that and just tested it again now.

If you have two DOMs both with the same instrument, but not linked, and with 'none' for ATM strategy.

If you have gone long on one DOM for your swing trade and then you enter short on the other DOM with a market order to take a short scalp, the two orders offset each other and are closed out resulting in a realised loss.

In fact both orders show on both DOMs at the time you enter them.

What now??

[NinjaTrader_VinceB]

Steve,

Try the following:

• 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.