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How to submit bracket stop/profit orders with NT8?

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    #46
    Originally posted by imphasing View Post
    Thanks for getting back to me.

    Manually setting the OCO target and stop has the undesirable effect that if my entry order doesn't get filled, I have stray stop/target orders sitting around. Imagine this scenario:

    1. place buy stop entry order above the market price, to initiate a long position
    2. place OCO stop and target orders
    3. go to sleep
    4. price drops before filling the entry order, falls through your OCO stop
    5. surprise! you're short, good morning!

    ATM orders have the undesirable effect or requiring NT to be running and connected to your broker in order to submit stops and targets.

    If there's no way for NT to submit bracket orders, I'm afraid NT just doesn't fit my needs and I would be better off just executing through my broker's application where I can submit bracket orders.

    I know.....

    UNBELIEVABLE!

    NinjaTrader is meant to be a professional trading platform and it doesn't allow for the most simple of trade orders.

    A Limit Entry Order. A Stop Loss. And a Limit Target Order.


    Why would anyone use this platform?

    Comment


      #47
      Hello MatDerKater,

      Thank you for your post.

      Please note that this is not true for all Brokers/Data Feed providers that you are able to connect to with NinjaTrader.

      This depends on the Brokers Servers you are using that supports this functionality.

      Below I have provided a link showing which Brokers support the function and where your OCO orders reside:If OCO functionality is not supported by your Broker then yes your platform must be connected to be able to send the appropriate signals.

      However, if OCO is supported your ATM Strategy with your Profit Target and Stop Loss will function as expected as the signals are sent from the Brokers Servers and not your platform.
      Spencer F.NinjaTrader Customer Service

      Comment


        #48
        Interactive Brokers provides code samples on how to create the opening order and attach the bracket orders as child orders to the parent order and transmit them together.

        https://interactivebrokers.github.io...ket_order.html

        Comment


          #49
          Hello aviat72,

          Thank you for your post.

          You may use this code by using custom coding within NinjaTrader and our NinjaScript Support Team would be able to assist with any specific questions you may have. If you are not a coder yourself, we have developers available within our NinjaTrader EcoSystem that would be able to assist.

          Spencer F.NinjaTrader Customer Service

          Comment

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