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DOM that allows more than 3 profit targets for multibracket orders
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DOM that allows more than 3 profit targets for multibracket orders

  #1 (permalink)
Elite Member
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DOM that allows more than 3 profit targets for multibracket orders

Can someone please recommend trading software that allows more than 3 profit targets for multibracket orders? I want to have a DOM that will allow me to have single stop with 5 profit targets in a bracket order. Infinity AT, Ninjatrader, Tradestation all only allow a maximum of 3.

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  #3 (permalink)
Market Wizard
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rowdy View Post
Can someone please recommend trading software that allows more than 3 profit targets for multibracket orders? I want to have a DOM that will allow me to have single stop with 5 profit targets in a bracket order. Infinity AT, Ninjatrader, Tradestation all only allow a maximum of 3.

If you program a custom strategy, you can have more stops, targets, entries, exits in NT.
I've seen some on futures.io (formerly BMT) that use 5 target/stops.

Doing so, will test your ability to program and manage that many targets/stops etc.

FWIW

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rowdy View Post
Can someone please recommend trading software that allows more than 3 profit targets for multibracket orders? I want to have a DOM that will allow me to have single stop with 5 profit targets in a bracket order. Infinity AT, Ninjatrader, Tradestation all only allow a maximum of 3.

I have a dumb question how far apart are your 5 targets on a average, and what time frame are you trading off of

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DavidHP View Post
If you program a custom strategy, you can have more stops, targets, entries, exits in NT.
I've seen some on futures.io (formerly BMT) that use 5 target/stops.

Doing so, will test your ability to program and manage that many targets/stops etc.

FWIW

Thanks David, can you be more specific? Can you give me a link in the forum? What I need is not that complicated, just take profit at 5 targets instead of 3. Also, I really need a DOM so that I can move orders around also.

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  #6 (permalink)
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Rad4633 View Post
I have a dumb question how far apart are your 5 targets on a average, and what time frame are you trading off of


Thanks Rad, generally about a point or point and half and this is on a intraday time frame.

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You can use up to 5 in Sierra Chart, each with a different stop, consisting of any type of order I've ever seen. Also has a chart dom and can discretionary trade while auto strat is running and can edit the quantities of each leg before entry is triggered and can edit the quantities after entry is triggered. Good luck doing that with NT.

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  #8 (permalink)
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vegasfoster View Post
You can use up to 5 in Sierra Chart, each with a different stop, consisting of any type of order I've ever seen. Also has a chart dom and can discretionary trade while auto strat is running and can edit the quantities of each leg before entry is triggered and can edit the quantities after entry is triggered. Good luck doing that with NT.

Great! That is exactly what I am looking for. Thanks a bunch Vegas.

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Market Wizard
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rowdy View Post
Thanks David, can you be more specific? Can you give me a link in the forum? What I need is not that complicated, just take profit at 5 targets instead of 3. Also, I really need a DOM so that I can move orders around also.

Rather than get you involved in strategies why not do this:

Place an order on the NT DOM with multiple contracts.
Place the second and third targets where you want them.
But place the Third target at the longest target.

Then you can manually add targets anywhere between the entry and last target.

I have added 10 or more targets on the DOM or in Chart Trader where they show on the DOM.

The key is to add them one at a time while there are still contracts being traded.

The picture attached shows ONE contract with many targets.
When one of the targets is hit the DOM clears but if I had 10 contracts on,
the targets would stay until hit or stopped out.

I think maybe that is what you are seeking.

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
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DavidHP View Post
Rather than get you involved in strategies why not do this:

Place an order on the NT DOM with multiple contracts.
Place the second and third targets where you want them.
But place the Third target at the longest target.

Then you can manually add targets anywhere between the entry and last target.

I have added 10 or more targets on the DOM or in Chart Trader where they show on the DOM.

The key is to add them one at a time while there are still contracts being traded.

The picture attached shows ONE contract with many targets.
When one of the targets is hit the DOM clears but if I had 10 contracts on,
the targets would stay until hit or stopped out.

I think maybe that is what you are seeking.

Thanks David.


Last edited by rowdy; October 22nd, 2012 at 04:53 PM.
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