Most other platforms seem to have those features.
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OCO and Bracket Button
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OCO and Bracket Button
Can someone give a straight answer as to why it is so difficult for NinjaTrader (NT7 or 8) to include an OCO or Bracket order button (at current price +/- so many ticks) in DOM or Chart Trader, despite so many requests for those features?
Most other platforms seem to have those features.Tags: None
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Originally posted by NinjaTrader_PatrickH View PostHello aligator,
Thank you for your response.
Are you referring to protective stops and targets, breakout strategies, or something else entirely?
We feature the use of ATM Strategies for protective stops and targets, and OCO which can be used for breakout strategies.
I look forward to your response.
No..I am aware of ATMs, current OCO feature, and strategies. Let me give you an example:
I am trading discretionary using chart trader just before the oil inventory report. I know the price is going to break out but, although I may have a bias, I do not know which way it is going to breakout. So I would like to place an OCO or Bracket order so many ticks above and below the price. When one is hit the other is cancelled.
I know this is possible by going through the NT's cumbersome OCO process which is a multi step process and a total waste of time. But I want to use a single one-step button with preset +/- so many ticks (i,e, 20, but adjustable) away from the price to get into the trade in the breakout direction.
Hope this is clear. There are several posts and threads on OCO discussing the same request if you do a search.
The current NT OCO feature is not an efficient answer. Bracket or OCO order buttons are nothing new to industry, just checkout some of the platforms out there.
Thanks again.
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Hi,
We already developed this feature, rebuilding ChartTrader up from the ground (using ninjascript strategy code)
Check out our commercial AlgoTraderPRO Add-On for NT 7:
If you have any questions, please feel free to contact us.
Regards
Lorant Vari
FounderLast edited by varilorant; 06-07-2015, 03:26 PM.
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Originally posted by aligator View PostThanks Patrick.
No..I am aware of ATMs, current OCO feature, and strategies. Let me give you an example:
I am trading discretionary using chart trader just before the oil inventory report. I know the price is going to break out but, although I may have a bias, I do not know which way it is going to breakout. So I would like to place an OCO or Bracket order so many ticks above and below the price. When one is hit the other is cancelled.
I know this is possible by going through the NT's cumbersome OCO process which is a multi step process and a total waste of time. But I want to use a single one-step button with preset +/- so many ticks (i,e, 20, but adjustable) away from the price to get into the trade in the breakout direction.
Hope this is clear. There are several posts and threads on OCO discussing the same request if you do a search.
The current NT OCO feature is not an efficient answer. Bracket or OCO order buttons are nothing new to industry, just checkout some of the platforms out there.
Thanks again.<span class="name">Alex C.</span><span class="title">NinjaTrader Customer Service</span><iframe name="sig" id="sigFrame" src="/support/forum/core/clientscript/Signature/signature.php" frameborder="0" border="0" cellspacing="0" style="border-style: none;width: 100%; height: 120px;"></iframe>
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Thanks Lorant,
While your product looks fine and like a Swiss Army Knife with additional features, I am looking for a fast one click (chart trader or NT DOM) Bracket or OCO button using the already fine and simple NT ATM templates for trade management. The parameters for Bracket orders can be handled similar to editing an NT ATM template.
This simple feature is offered in other platforms and should not be a major effort for NT to implement. The idea is to simplify the current OCO process in NT and being able to execute orders before a trade opportunity is lost in a fast moving market.
Cheers!
Originally posted by varilorant View PostHi,
We already developed this feature, rebuilding ChartTrader up from the ground (using ninjascript strategy code)
Check out our commercial AlgoTraderPRO Add-On for NT 7:
If you have any questions, please feel free to contact us.
Regards
Lorant Vari
Founder
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Hi aligator,
Today we released the new 3.0 version, that is capable to create advanced ATM Strategies, based on 5 parameter types, Trailing using +30 indicators up to 5 levels.
You can build your ATM, save as Template, click on any OCO strategy and auto attach the desired ATM. 1 click, entry strategy done.
On the top of that you can attach ATM Strategy to an open position as well.
We also created an integration between NT Wizard and our Add-On, so you can create any Automated Entry Rule, execute it automatically and attach any ATM Strategy to new Position.
Because we already implemented all these features, you don't have to wait for that months or maybe more ....
CheersLast edited by varilorant; 06-07-2015, 03:25 PM.
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