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Faster order entry: Any experience with Chart Trader Add-on for faster order entry?


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Faster order entry: Any experience with Chart Trader Add-on for faster order entry?

 
Howard Roark
Oslo Norway
 
Posts: 438 since Aug 2018
Thanks Given: 389
Thanks Received: 529

Hello all,

I use the chart trader on NT8 and most of the time it works okay, but during faster markets it can be a tad too slow as there's multiple clicks involved (right click desired price, scroll down to the correct command and finally another click). It's slow enough that I've missed entries at times.

There are various add-ons available which circumvents this by letting you place order simply by clicking on the chart and using keyboard short-cuts to differentiate between buy stop / sell limit above price and vice versa below price.

I have this one bookmarked for some reason:

https://ninjatools.studio/clicktrader-ninjatrader-demo

On Ninja's forum some user mentioned all these and had personally ended up using the first one himself.

https://www.volaty.com/products/indicators/clicker/

https://whitmarkdev.com/atm-one-click-trader/

https://www.ticktec.com/product/1clickchartdom

https://www.quicktradeninja.com/

Finally, another solution could be to simply start using the DOM to place one click orders and stop trading directly from charts. But this is something I have not been doing up until now.

Thanks in advance for any advice and/or experience with the products above or similar.

Best regards.

Howard

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lightsun47
Toronto, Canada
 
Posts: 357 since May 2018
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Are you trying to enter exactly after a candle/bar closes?

If yes, try Buy Bid and Sell Ask for quick executions as a limit order. Same goes Market Order. Keys are in the chart trader menu on the right.

Also, you can have your hotkeys set up as well to do the same, but make sure your chart is selected and hotkeys are enabled to get executed.

If you are not trying to enter right away, then I think putting a limit/stop order elsewhere and dragging unto the desire price is the only way, afaik.

Sent using the NexusFi mobile app

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Howard Roark
Oslo Norway
 
Posts: 438 since Aug 2018
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Thanks Received: 529


Thank you, lightsun47.

Most of the time, I have OCO orders on my screen, i.e., a buy limit/buy stop when I want to buy, which I can adjust accordingly. This works well most of the time, but when volatility picks up I can get some issues.

I think a ClickTrader type of functionality is preferrable, but I'll look into those Hotkeys. Thank you.

 
 
bigdaddy's Avatar
 bigdaddy 
columbus, ohio
 
Experience: Intermediate
Platform: SC, NT, MT4
Broker: AMP
Trading: CL, ES
Frequency: Daily
Duration: Minutes
Posts: 9 since Sep 2009
Thanks Given: 16
Thanks Received: 4

Are you talking about something such as this?
https://ninza.co/product/eob-ordering

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 askerix 
Zurich Switzerland
 
Experience: None
Platform: NT
Trading: Ukulele
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Howard,

have you checked this tool?

cheers,
askerix

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Howard Roark
Oslo Norway
 
Posts: 438 since Aug 2018
Thanks Given: 389
Thanks Received: 529


bigdaddy View Post
Are you talking about something such as this?
https://ninza.co/product/eob-ordering

Not really. I did link to multiple products in my initial post which showed exactly what I'm interested in.

Thanks, though.


askerix View Post
Howard,

have you checked this tool?

cheers,
askerix

No. I have not.

Looks more like buttons than a chart trader add-on? Are you using this?

Thanks.

 
Howard Roark
Oslo Norway
 
Posts: 438 since Aug 2018
Thanks Given: 389
Thanks Received: 529

Update:

I bought Volaty's indicator and it's great!

I haven't tried it with live trading so far - only a bit of testing in simulator yesterday.

So far, it delivers on all it promises which is simply instant order entry on the chart. If I want to make a buy stop/buy limit I - I just use CTRL and click with my mouse to confirm. SHIFT if I want to make a sell stop/sell limit.

From past experiences where I've been both too slow OR clicked the wrong order on the drop-down menu I can tell that this will pay off quickly.

Should be a native feature on NT8, though, but as it's not this is a good solution.


 



Last Updated on January 15, 2022


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