To submit an order

  a) <None> : Orders are submitted independent of a strategy

  b) <Custom> : Stop Loss and Profit Target orders are created "on the fly" using the selected strategy parameters.  Left mouse click the "..." button will display the strategy parameters window.  A more thorough explanation of these concepts can be found under the ATM section of the user help guide.

  c) * Active Strategy X: Apply this order to this selected strategy, the selected strategy's stops and targets are automatically updated

  d) User Defined Strategy Template: stops and targets are submitted from a predefined user template

3. Enter an order with any of the methods described below

Quick Order Buttons

You can enter limit orders at the inside market rapidly by pressing down on your left mouse button on either the BID or OFFER buttons.

Custom Orders

You can place a custom order by setting the following custom order parameters.

Tips

Scaling in or out of an active ATM Strategy

When you have an active strategy selected in the ATM Strategy control list (see the image below) orders submitted scale into or out of the strategy. Once filled or partially filled, the existing Stop Loss and Profit Target orders are modified to reflect the new position strategy size. You can preset a default scale in or out quantity via the "Scale quantity" property accessible via the FX Pro Properties window. As an example, your initial strategy may call for opening a position of four contracts but you want subsequent scale orders to be only one contract. If the FX Pro "Scale quantity" property is set to a value of one, when an active strategy is selected in the ATM Strategy control list, the FX Pro "Qty" field will be set to a value of one automatically.

OCO Orders

Stop Loss and Profit Target orders (submitted automatically via an ATM Strategy) are always sent as OCO however, you can submit entry or exit orders as OCO orders as well. Why? The market may be trading in a channel and you wish to sell at resistance or buy at support, whichever comes first by placing two limit orders at either end of the channel. To place OCO orders, press down on your right mouse button inside the FX Pro window and select the menu name OCO Order.

The "oc" (OCO indicator) will light up green. All orders placed while this indicator is lit will be part of the same OCO group. Once any order of this group is either filled or cancelled, all other orders that belong to this group will be cancelled. If you want each OCO order to create it's own set of Stop Loss and Profit Target orders ensure that the ATM Strategy control list is set to either <Custom> or a strategy template name before you submit each OCO order.

NOTE: It is important to reset the OCO indicator after submitting an OCO order group otherwise you may run into problems where orders are rejected due to usage of duplicate OCO id values.

Break Out/Fade Entry Example

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

You can accomplish a breakout/breakdown approach by:

For a market fade approach just substitute limit orders for stop orders.

To submit a Simulated Stop Order (entry and exit NOT stop loss; simulated stop loss orders are enabled via a stop strategy) you must enable simulated order mode via the right mouse click context menu by selecting the Simulated Order menu item. The "so" (Simulated Order indicator) will light up green. All stop orders placed while this indicator is lit will be submitted as Simulated Stop orders.