canceling bracket

[justme]

hi,

If i make a bracket order, in other words, i enter the market with a take profit and a stop loss. now suppose I want to stay in the trade, but want to leave my take profit open. So i just want to cancel the take profit. how can i do that?

now suppose i create a series of trailing stops, is it possible to modify them after i am in the trade?


thanks,

justme

[NinjaTrader_JoshP]

Unfortunately you will have to cancel the brackets together. If you are using Chart Trader you can modify any of your orders just by clicking and dragging.

[justme]

Unfortunately you will have to cancel the brackets together. If you are using Chart Trader you can modify any of your orders just by clicking and dragging.

right, but if u cancel them, how do u redo them?

[NinjaTrader_Ray]

You would manually have to submit stop and limit orders. Please see the Help Guide for instructions on how to place the various order types in Chart Trader.

http://www.ninjatrader-support.com/HelpGuideV6/SubmittingOrders2.html

[justme]

You would manually have to submit stop and limit orders. Please see the Help Guide for instructions on how to place the various order types in Chart Trader.

http://www.ninjatrader-support.com/H...ngOrders2.html

Ray,

I must be missing something....if i cancel my bracket the only way i know to do to replace, say, a stop loss, is just to place another market order on the chart. right? Your link does not show me how to create another bracket. once i click on the "x" of the stop loss or take profit, the bracket is gone, but the order is still live and i see no way of making another bracket for that order - at least the same why i originally make the bracket?????

Also, what happens if i create a number of trailing stops just for a single trade (i don't make a template for it, bec it's trade specific). If i later choose to modify it, i can't see any why to do that. Not only that, but if i forget how i set my parameters, I can't see any way to retrieve them since i did not make a template out of it.

I hope you understand my questions and I appreciate your time.

justme

[NinjaTrader_Jessica]

To place a brcket order on a position that is alread open please follow these steps.

If you have an open position without a strategy, you need to add a limit and stop order to protect the position.

• Set strategy to none
• Right click in the CHart Trader and enable OCO order
• Then place a limit order where you want to exit at a profit
• Then place a stop order where you want to exit at a loss
• Then right click again and disable OCO order

[justme]

To place a brcket order on a position that is alread open please follow these steps.

If you have an open position without a strategy, you need to add a limit and stop order to protect the position.

• Set strategy to none
• Right click in the CHart Trader and enable OCO order
• Then place a limit order where you want to exit at a profit
• Then place a stop order where you want to exit at a loss
• Then right click again and disable OCO order

thanks, i'm gonna check that out..

Edit: thanks so much, that worked!

[justme]

Jessica,

That works.....what if I wanted to create a complex exit strategy for an open order w/o sl or tp.... since your directions mandate that "strategy" is set to "none," then i can't employ and strategy to an open order with no sl or tp, correct?

Is there a way of doing this?

justme

[NinjaTrader_Jessica]

You can only select a strategy before you place a trade. Once you are in an open position this is not an option.

[justme]

You can only select a strategy before you place a trade. Once you are in an open position this is not an option.

ok, can I recommend this for a future release? there can be any number of reasons that someone may want to change a strategy ex post facto.

[NinjaTrader_JoshP]

Thanks for the suggestion. We will add it to the list of future considerations.