Trade Market On Open

[momentom]

How can I put an order to trade the market on open? Chart trader does not have orders. What about the DOM? Any other way to get filled on open without having to wait for market to open and miss it?

[NinjaTrader_Josh]

Perhaps you could send an order via a NinjaScript strategy?

[momentom]

I need something I can click before the market opens to sell a varied quantity at market on open. How would a script do that? Is there nothing existing that can do that?

[NinjaTrader_Josh]

You could predetermine the varied quantity you want to sell and tell the script to send the order at market open.

I am unfamiliar with any other method to get what you want. Have you tried the Basic Order Entry window? I know you can submitted orders via SuperDOM or Basic Order window, but I don't know if it will be accepted and executed at market open instead of executing premarket.

[momentom]

Josh, thanks for your help.

The problem seems to be that there has to be a trade before NT knows the market is open so it will need to be a market order after a trade. I guess a stop limit order would be better so as to rather miss the trade than get a stupid fill - the stop being a set amount below the trade first recognised by NT and the limit being a further stipulated amount.

Does this make sense and can it be programmed with the inputs being able to be decided just before the open?

[NinjaTrader_Josh]

Hi momentum,

What you are describing does make sense. I can't think of anyway to program the parameters you want before the first tick of the day though. Unfortunately NinjaTrader does not currently support the Market On Open order type.