Ninjatrader Question: Broker Demo License and Stops - futures io
futures io futures trading



Ninjatrader Question: Broker Demo License and Stops


Discussion in NinjaTrader

Updated
    1. trending_up 3,802 views
    2. thumb_up 1 thanks given
    3. group 2 followers
    1. forum 4 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

Ninjatrader Question: Broker Demo License and Stops

(login for full post details)
  #1 (permalink)
Canada
 
Experience: Beginner
Platform: Ninjatrader
 
Posts: 44 since Dec 2009
Thanks: 21 given, 14 received

I had a general question about Ninjatrader. The broker I am currently going with provides a free Ninjatrader key for use with live trading. However the free key does not allow the use of atm strategies including stop loss.

My basic question is, rather then using a stop loss to protect big losses from occurring, is it not the same thing if I just put a sell or buy limit after my trade?

Example : If I go long on a CL trade at 80.25, Will it be the same as a stop loss if I just put a Sell Limit at $80.10 selling my position if it drops 15 cents? or would it open a new position all together for a sell and keep the long position open?

I have tried it on a demo account and it does indeed close the long position, but I just want to make sure 100% since I have not tried it on a live account.

Thanks in advance.

Started this thread Reply With Quote

Journal Challenge February 2021 results (so far):
Competing for $1500 in prizes from Topstep
looks_oneSBtrader82 's Trading Journalby SBtrader82
(167 thanks from 31 posts)
looks_twoJust BEING a Trader: Letting Go!!by iqgod
(116 thanks from 33 posts)
looks_3Wisdom is Emptinessby Mtype
(68 thanks from 25 posts)
looks_4Deetee’s DAX Trading Journal (time based)by Deetee
(31 thanks from 17 posts)
looks_5Journal for peanuts1956by peanuts1956
(23 thanks from 13 posts)
 
 
(login for full post details)
  #2 (permalink)
Cebu, Philippines
 
Experience: Advanced
Platform: NinjaTrader
Trading: Emini ES
 
Posts: 70 since Oct 2009
Thanks: 128 given, 117 received


DannyG View Post
I had a general question about Ninjatrader. The broker I am currently going with provides a free Ninjatrader key for use with live trading. However the free key does not allow the use of atm strategies including stop loss.

My basic question is, rather then using a stop loss to protect big losses from occurring, is it not the same thing if I just put a sell or buy limit after my trade?

Example : If I go long on a CL trade at 80.25, Will it be the same as a stop loss if I just put a Sell Limit at $80.10 selling my position if it drops 15 cents? or would it open a new position all together for a sell and keep the long position open?

I have tried it on a demo account and it does indeed close the long position, but I just want to make sure 100% since I have not tried it on a live account.

Thanks in advance.


If you go long, you want to put in a sell stop. I don't think you want a sell stop limit because you might not get filled. If you have a sell stop, if the price hits that it gets you out. It is the same as a stop loss order.

Reply With Quote
 
(login for full post details)
  #3 (permalink)
Canada
 
Experience: Beginner
Platform: Ninjatrader
 
Posts: 44 since Dec 2009
Thanks: 21 given, 14 received


Sorry I had my terms mixed up. I am using Sell Stop or Buy Stop not limit.

Started this thread Reply With Quote
 
(login for full post details)
  #4 (permalink)
Cebu, Philippines
 
Experience: Advanced
Platform: NinjaTrader
Trading: Emini ES
 
Posts: 70 since Oct 2009
Thanks: 128 given, 117 received


DannyG View Post
Sorry I had my terms mixed up. I am using Sell Stop or Buy Stop not limit.


Okay, then you are correct by what you said earlier.

Reply With Quote
 
(login for full post details)
  #5 (permalink)
Garner, NC/USA
 
 
Posts: 33 since Dec 2009
Thanks: 16 given, 37 received

Enter with limit orders, exit with market stops or limit targets.

When cutting a loss, you want out NOW!



DannyG View Post
I had a general question about Ninjatrader. The broker I am currently going with provides a free Ninjatrader key for use with live trading. However the free key does not allow the use of atm strategies including stop loss.

My basic question is, rather then using a stop loss to protect big losses from occurring, is it not the same thing if I just put a sell or buy limit after my trade?

Example : If I go long on a CL trade at 80.25, Will it be the same as a stop loss if I just put a Sell Limit at $80.10 selling my position if it drops 15 cents? or would it open a new position all together for a sell and keep the long position open?

I have tried it on a demo account and it does indeed close the long position, but I just want to make sure 100% since I have not tried it on a live account.

Thanks in advance.


Reply With Quote
The following user says Thank You to koganam for this post:


futures io Trading Community Platforms and Indicators NinjaTrader > Ninjatrader Question: Broker Demo License and Stops


Last Updated on January 7, 2010


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1500 prizes from Topstep!

February
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Call Option Buying: The New Pain Trade? w/Carley Garner

Elite only
     



Copyright © 2021 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