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| Automated Trading Support for automated trading systems using NinjaScript. Support for our ATI (Automated Trading Interface) used to link an external application such as TradeStation and eSignal to NinjaTrader. |
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#1 |
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Junior Member
Join Date: Apr 2010
Posts: 8
Thanks: 0
Thanked 0 times in 0 posts
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I currently have a program setup to enter with 5 trades and I have those paired with 5 different profit targets. However, in an effort to control my commissions, I would like to enter with one large lot and exit with 5 independent lots each with their own profit targets. I'm sure there is a way to do this but it evades me. Any suggestions would be appreciated.
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#2 |
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NinjaTrader Customer Service
Join Date: Jun 2009
Location: Denver, CO
Posts: 3,149
Thanks: 10
Thanked 89 times in 81 posts
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SeaTrader, to scale out of a position, you will first need to scale into it.
Austin
NinjaTrader Customer Service |
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#3 |
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Junior Member
Join Date: Apr 2010
Posts: 8
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So does that mean that NT prevents that type of order management or is it that you're not aware of any way to do that. I've always lived by the idea that anything is possible with software. Your only limit is your mind.
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#4 |
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NinjaTrader Customer Service
Join Date: Jun 2009
Location: Denver, CO
Posts: 3,149
Thanks: 10
Thanked 89 times in 81 posts
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SeaTrader, if you move to the unmanaged side of things, you will definitely be able to submit one large opening order and scale out, but you can't use methods like SetProfitTarget(). It is a bit more complicated to use unmanaged (set Unmanaged = true in Initialize() of your strategy), but it offers much more flexibility because NinjaTrader doesn't rule against any of your orders with the Internal Order Handling Rules or anything like that. Here is a link for getting started with Unmanged.
Austin
NinjaTrader Customer Service |
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#5 |
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Junior Member
Join Date: Apr 2010
Posts: 8
Thanks: 0
Thanked 0 times in 0 posts
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Thank you very much.
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| Tags |
| entry management, money management, order management |
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