NT users: know your DOM! - NinjaTrader | futures io social day trading
futures io futures trading


NT users: know your DOM!
Updated: Views / Replies:3,092 / 18
Created: by josh Attachments:2

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 2  
 
Thread Tools Search this Thread
 

NT users: know your DOM!

  #1 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received

NT users: know your DOM!

Maybe someone will read this and it will save them some money some day.

NT has great one-click management for SL and TP orders. Once the position is open, orders can be moved with a single click, and allows for very fast trade management, which is great in a volatile market.

However, just before the CL pit close, around 2:20 or so IIRC, I accidentally clicked my stop order button (middle mouse) twice, and for whatever reason (I think the market moved and my second stop order could not be filled), I got an error or two, and my stop and target orders were cancelled. So, I am long, with no protective stop loss.

Luckily, I calmly placed the orders and all was fine, BUT in moments like this when there is volatility around the session close (thankfully there was not much Friday), and you're in an open position, it pays to remember how to manually do this. Remember to practice emergency stuff like this in a simulator from time to time, so you can be sure you can effectively manage the trade. Here's what I did:

1) be sure that "none" is selected under ATM strategy

2) right-click and select "OCO"

3) especially if it's a panic or tense situation, remember to look at the bottom of the price column to see if you're long or short--it pays to be safe; place the stop order first using the middle mouse button, in the appropriate column, and on the correct side of the market price (below and on the right for long, above and on the left for short)

4) again, this may sound "duh" but it's amazing how stupid we can get when we're in a trade--place the limit order in the SAME column as the stop loss, using the left mouse button, and again, please do it on the other side of the current price

5) if you want to move either order, remember that you now must click the order, and click again where you want to move it--don't click the middle column as you normally would for an ATM, and don't single click in the right or left column where you want to move the order or you risk opening another position! Click the order first to move it, and then again where you want to move it to


I always manage trades using preset SL and TP set in the ATM, and single-click order modification, and I suspect that many others do as well. Stuff like this rarely happens, but are you prepared for when a situation arises that forces you to use your platform in a way that you normally do not? It helps to know things inside out so that you can be safe when unexpected things happen.

Reply With Quote
The following 2 users say Thank You to josh for this post:
 
  #2 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,220 since Jun 2009
Thanks: 628 given, 6,318 received
Forum Reputation: Legendary

this is my panic button

Attached Thumbnails
NT users: know your DOM!-panic.png  
Reply With Quote
 
  #3 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,641 since Feb 2011
Thanks: 9,217 given, 1,011 received


ya, the flat will close all over your open positions across the board on all mkts.. the close button only works on the market that your currently working with..

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
Reply With Quote
The following user says Thank You to madLyfe for this post:
 
  #4 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,826 received

I have NEVER been a fan of a screen that jumps around like that. Chart trader is so much better to me.

Yes, file - 'flatten everything' is a good way to deal with anything uncertain. I don't even wait to figure things out as I have had so many stupid mistakes.

Reply With Quote
 
  #5 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


cory View Post
this is my panic button

That's certainly one way to do it--however, I preferred in this case to actually manage the trade, as I had the few seconds it took to get the stop order in, and it turned out to be a profitable trade so I'm glad I didn't panic.

Reply With Quote
 
  #6 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
NinjaTrader's Avatar
 
Posts: 1,260 since May 2010
Thanks: 153 given, 1,890 received


cory View Post
this is my panic button

Just to clarify...You will want to press the "CLOSE" button. The "FLAT" label does not do anything if pressed, it just indicates current account/instrument position.

Reply With Quote
 
  #7 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,220 since Jun 2009
Thanks: 628 given, 6,318 received
Forum Reputation: Legendary


NinjaTrader View Post
Just to clarify...You will want to press the "CLOSE" button. The "FLAT" label does not do anything if pressed, it just indicates current account/instrument position.

you are right, I haven't had a need to use it, turn out I have to right click on DOM and select flatten everything.

Reply With Quote
 
  #8 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,641 since Feb 2011
Thanks: 9,217 given, 1,011 received


NinjaTrader View Post
Just to clarify...You will want to press the "CLOSE" button. The "FLAT" label does not do anything if pressed, it just indicates current account/instrument position.

this flat button?
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
Reply With Quote
 
  #9 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,673 since Nov 2010
Thanks: 777 given, 8,742 received
Forum Reputation: Legendary

I have something happening to me, very occasionally that I never did figure out.

What happens is when I use the close button, I somehow end up with a trade in the opposite direction. I am not clicking reverse here but that is effectively what seems to happen.

I can't reproduce this at will but it happens to me perhaps once every 2 weeks.

Any thoughts on what I might be doing to cause this?

Reply With Quote
 
  #10 (permalink)
Elite Member
Miami FL USA
 
Futures Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker/Data: IB, IQ
Favorite Futures: Currency Futures
 
Cashish's Avatar
 
Posts: 803 since May 2011
Thanks: 811 given, 2,103 received



DionysusToast View Post
I have something happening to me, very occasionally that I never did figure out.

What happens is when I use the close button, I somehow end up with a trade in the opposite direction. I am not clicking reverse here but that is effectively what seems to happen.

I can't reproduce this at will but it happens to me perhaps once every 2 weeks.

Any thoughts on what I might be doing to cause this?

I've been typing for a hour and can't seem to write what I want to say. But it sounds like you maybe hitting the CLOSE button to end a trade when prices are damn near at your target order resting in the market.

Things happen fast in the markets but it is not instantaneous. Let's assume I'm in a long position and have a target (sell order) resting in the market. Prices are damn close to my target (3 or 4 ticks) but for some reason I think my target is just out of reach or "that's close enough" and I hit the CLOSE button to take profits (sell at the market) and the trade is closed. BUT the original sell target is still sitting in the market. The closed out trade has to be reported back to the broker BEFORE the order from the broker to cancel the TARGET can be sent out. If prices jump that 3 or 4 ticks before the original target sell order is canceled, it will be filled and I will be short a naked position (no stop no target) we're talking 1/4 to 1/2 of a second for all this to happen, but I have done exactly what you've described. The alternative of clicking the close button is to drag the target UNDER the market.

Reply With Quote

Reply



futures io > > > > NT users: know your DOM!

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
IQFeed API Users aviat72 Reviews of Brokers and Data Feeds 22 September 16th, 2015 06:25 PM
Any other Fitbit users here? JVentura Off-Topic 3 August 17th, 2012 12:12 PM
MultiCharts users please comment caprica MultiCharts 6 April 29th, 2011 11:34 AM
nt 7 closing dom prices and chart closing price differ anniebee321 Trading Reviews and Vendors 8 December 9th, 2010 08:34 PM


All times are GMT -4. The time now is 03:58 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-17 in 0.14 seconds with 20 queries on phoenix via your IP 107.20.115.174