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breaking large order into small orders on NinjaTrader
Updated December 12, 2016
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breaking large order into small orders on NinjaTrader
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#1 (permalink )
Boston, MA
Experience: Intermediate
Platform: MultiCharts, TradeStation, NinjaTrader, ThinkorSwim
Trading: ES
Posts: 26 since Jul 2011
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Is there a way to break up a large order into a blast of smaller orders on NinjaTrader ? Their ATM appears to be all-in/scale -out construct based on different price levels. But I'm talking about, say, if you want to go long 200 contracts of something at such-and-such a price, it'll break it up into, say, 10 separate orders. Anyone? Thanks
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#2 (permalink )
Gits (Hooglede) Belgium
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
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tortoise
Is there a way to break up a large order into a blast of smaller orders on
NinjaTrader ? Their
ATM appears to be all-in/
scale -out construct based on different price levels. But I'm talking about, say, if you want to go long 200
contracts of something at such-and-such a price, it'll break it up into, say, 10 separate orders. Anyone? Thanks
From the NT forum :
Quoting
A common technique used by discretionary traders is
scaling in and
scaling out of a position. To
scale out of a position refers to closing a portion of your position when you hit a profit target and then raising your stop to close your remaining portion later.
Key concepts in this example:
Submitting Profit Target orders
Submitting Trailing
Stop orders
Closing half of your position at a time
Important related documentation:
NinjaTrader 8
MarketPosition
SetProfitTarget()
SetTrailStop()
EntriesPerDirection*
EntryHandling*
SetStopLoss()
NinjaTrader 7
MarketPosition
SetProfitTarget()
SetTrailStop()
EntriesPerDirection*
EntryHandling*
SetStopLoss()
* Entry handling properties can be either programmatically set or set through the Strategy dialog window
Import instructions:
NinjaTrader 8
Download the file contained in this thread to your PC desktop
From the Control Center window, select the menu Tools > Import > NinjaScript
Select the downloaded file
NinjaTrader 7
Download the file contained in this thread to your PC desktop
From the Control Center window, select the menu File > Utilities > Import NinjaScript
Select the downloaded file and click Import.
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#3 (permalink )
Boston, MA
Experience: Intermediate
Platform: MultiCharts, TradeStation, NinjaTrader, ThinkorSwim
Trading: ES
Posts: 26 since Jul 2011
Thanks: 16 given,
13
received
rleplae
Thanks for the response. I'm looking to scale in as well as scale out . Is this not really doable on NinjaTrader ?
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#4 (permalink )
Site Moderator
Posts: 3,670 since Jun 2009
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tortoise
It's very doable but will require custom coding for the scale in.
What you want is a strategy so if you're able to describe it (how many lots , when add another lot, stop/profit for each lot or a global one, etc) it's doable.
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Last Updated on December 12, 2016
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