buy stop limit & sell stop limit

[FCatan]

Hi, I want to place either a buy or sell order if there is a breakout in a range I track. How do I place a buy stop order and a sell stop order such that when one is triggered the other is canceled?

[FCatan]

To clarify, I want to place these orders using chart trader

[NinjaTrader_ChristopherJ]

Hello,

Thank you for your post.


One of the great features of NinjaTrader is its ability to submit two entry orders, one which will cancel if the other is filled.

You can accomplish a breakout/breakdown approach by follow the steps below.

• Right click in the Chart Trader panel and select the menu 'OCO Order' to enable this function.
• For your first order, select the desired option from the 'ATM Strategy' drop down list.
• Submit your stop order to buy above the market.
• For your second order, select the desired option from the 'ATM Strategy' drop down list.
• Submit your stop order to sell below the market.
• CRITICAL Right click in the Chart Trader panel and select the menu 'OCO Order' to disable this function.

Keep in mind if you do not want an ATM Strategy attached to your orders you may skip the steps of selecting the ATM Strategy from the drop down menu.

[FCatan]

thank you! But when I go to place my second order I get this message: "You can't submit an exit order to a strategy until any of its entry orders has been filled."

Fyi, I'm using the same ATM strategy for both orders.

[NinjaTrader_ChristopherJ]

Prior to submitting your second order please select the ATM Strategy template from the drop down menu once again.