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DCA / scale in, entry grid.

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    DCA / scale in, entry grid.

    Hi,

    I can't find a tool to do a multiple entry in NT8. This is a very common tool in the Crypto space, so there must be a way to do this in NT8.

    It means that with one entry at a certain price point, multiple other limit orders are submitted as well.

    So for example: going long, i enter a limit order for 1 contract at 1500, and automatically there are 3 other limit orders submitted below that, all equally spaced apart.

    Usually there is an setting options for the amount of limit orders, ticks apart and percentage increase / decrease of the number of contracts per level.

    I saw some tool that could do something like this, but nothing that has this as it's base function.

    Since DCA is a very common strategy, there must be something like this out there?

    Ideas?

    #2
    Hello,

    Thanks for your post.

    You would be able to create a NinjaScript Strategy with the strategy builder to achieve such functionality. More information can be found below in our Help Guide article regarding this topic:

    https://ninjatrader.com/support/help...gy_builder.htm

    https://www.youtube.com/watch?v=HCyt...We0Nf&index=11

    Please let me know if I may be of any further assistance.
    Marco G.NinjaTrader Customer Service

    Comment


      #3
      Hmmm... Can't believe there is nothing like this out there in the NT space. It's a very basic functionality.
      You just gave me a link to generic strategy building. This is not an indicator. Could you provide me with an example of an entry strategy to help me along?

      Comment


        #4
        Hello GKRuubster,

        Thanks for your reply.

        We do not have an example strategy for multiple entries. To accomplish your goal, you would need to create your initial entry condition and then submit the initial order along with your other limit orders. In the managed approach, limit orders are automatically canceled if not filled in the bar that they are submitted so this means you would need to add further logic to continue placing the orders until they are filled.

        Here are some links for using the "Strategy Builder" which is a nonprogramming interface to create strategies In NinjaTrader8. If this does not meet your needs then you could create a strategy directly in Ninjscript which is based on C# programming language.
        Free live webinar every other Thursday at 4:00 PM EST, through this link to all webinars: https://ninjatrader.com/PlatformTraining
        Previous recording of the Strategy Builder 301 webinar: https://youtu.be/HCyt90GAs9k?list=PL...auWXkWe0Nf&t=2
        Help guide for the strategy builder: https://ninjatrader.com/support/help...gy_builder.htm

        Please note that the Strategy builder and most strategies run under the 'Managed Approach" which "...is designed to offer the greatest ease of use for beginner to intermediate programmers. The order methods are wrapped in a convenience layer that allows you to focus on your system's trading rules, leaving the underlying mechanics of order management and the relationships between entry orders, exit orders, and positions to NinjaTrader. This approach is best suited for simple to moderate order complexity, and can be further broken down into a Basic/Common Managed approach and a more Advanced Managed approach. " Please review the documentation to best understand. Reference: https://ninjatrader.com/support/help...d_approach.htm
        Paul H.NinjaTrader Customer Service

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