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Scaling into a trade with a single order
Started: by jstnbrg Views / Replies:366 / 2
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Scaling into a trade with a single order

  #1 (permalink)
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Scaling into a trade with a single order

Is there a way in Ninjatrader to use a single stop limit order with negative offsets to scale into a trade? The way I'm trading now with one lots, I use a stop limit with a negative offset to generate a bid a tick or two below the signal price. When the trade is filled the ATM strategy generates a protective stops and a target. Usually I get filled, but sometime not. As my size gets bigger I'd like to enter orders at a number of prices below the market, each with it's own stop and target. My trading style is entirely discretionary; sometimes I take a signal, sometimes I don't, so I don't think I can use an entirely automated strategy. I know I could use multiple doms to accomplish this but CL moves fast sometimes and I'd like to be able to enter my orders with a click or two.

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  #2 (permalink)
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I believe there's a way to do that in Bloodhound. It's called something like a "negative offset entry". Sorry I don't have more information.

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  #3 (permalink)
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jstnbrg View Post
Is there a way in Ninjatrader to use a single stop limit order with negative offsets to scale into a trade? The way I'm trading now with one lots, I use a stop limit with a negative offset to generate a bid a tick or two below the signal price. When the trade is filled the ATM strategy generates a protective stops and a target. Usually I get filled, but sometime not. As my size gets bigger I'd like to enter orders at a number of prices below the market, each with it's own stop and target. My trading style is entirely discretionary; sometimes I take a signal, sometimes I don't, so I don't think I can use an entirely automated strategy. I know I could use multiple doms to accomplish this but CL moves fast sometimes and I'd like to be able to enter my orders with a click or two.

Yes.


Once you place the stop limit order with the middle mouse button, scroll wheel, just scroll to negative values. Or, if you want the same offset all the time just set it that way in the properties menu "Stop Limit Offset".

You can read all about this by hitting F1 when the Ninja SuperDOM has focus and then clicking "Submitting Orders". And it's then the 3rd little green "plus sign" from the top.

To have each entry with it own stop and target set the SuperDOM property for "ATM Strategy Selection Mode" to "Keep Selected ATM Strategy Template on Order Submission". To read about this once you have the SuperDOM properties open hit F1 and click "here" under ATM Strategy selection mode.

Ron

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