Strategies Tab

The Strategies tab sets options regarding handling of ATM Strategies and NinjaScript strategies for automated system trading.

Modify inner bracket	When enabled and scaling into a position strategy, the inner bracket (stop loss and profit target orders) quantities will be modified to reflect the increased position strategy size else the outer bracket is modified
Modify nearest bracket	When enabled, the nearest bracket (stop loss and profit target orders) quantities are modified when changing the quantity of a stop loss or target order in a multi target strategy. This property is used in conjunction with "Modify inner bracket". For example, if both "Modify inner..." and "Modify nearest..." are enabled and you modify target 2 from 1 contract to 2 contracts, target 1 order size will be reduced by 1. If you had "Modify inner..." disabled, target 3 order size will be reduced by 1.
Use last price for auto trail and auto breakeven	When enabled, the last trade price is used to trigger auto trail or auto breakeven functions. When disabled, the bid is used for long positions, the ask is used for short positions.

Wait until flat before executing live

When a NinjaScript strategy that relies on historical data to calculate it's current position and orders state is started, it will wait until the strategy position has a flat position before executing any live orders.

Immediately submit live working historical orders

When a NinjaScript strategy that relies on historical data to calculate it's current position and orders state is started, it will immediately submit live any working orders that reflect the current strategy's overall order state. It is IMPORTANT to understand that the position of the strategy reported in the Strategies tab may not reflect the actual account-based position reported in the Accounts tab at the time the strategy is started. Should you wish to synchronize your strategy position with your account position you will have to manually place an order to your account via the Control Center Orders tab.

Seconds before session end

If a NinjaScript strategy's "Exit on close" property is enabled, the strategy will close the current strategy position and send cancel requests for all strategy submitted working orders. "Seconds before session end" determines how many seconds prior to the session end time the "Exit on close" routine is triggered.

Stop & target submission - Per entry execution

When a NinjaScript strategy submits stop and target orders, it will do so on each incoming execution (fill) in real-time. For example, if you have a 2 lot limit order working that has a partial fill of 1 and another partial fill of 1 five seconds later, the strategy will have submitted two separate 1 lot stop loss orders and two separate 1 lot profit target orders.

Upside is that individual orders are immediately sent to the market taking advantage of the FIFO principle where first orders in are the first to get filled
Downside is that if your strategy trades large volume and you receive a lot of partial fills, the strategy will be managing a lot of live orders, the more orders the more potential things that can go wrong

Attention Equity Traders: This option is NOT suggested since it can result in seriously increased commissions depending on your commission plan. For example, if you are charged $9.95 per order and you trade 1000 shares and have 10 partials for 100 shares each, you will have 10 stops and targets for 100 shares each instead of 1 stop and target pair for 1000 shares. Once filled the difference would be $9.95 x 10 vs $9.95.

* This setting can be overridden

Stop & target submission - By strategy position

When a NinjaScript strategy submits stop and target orders, it will submit only one stop and target and ammend the quantity of these orders as incoming entry executions are reported.

Downside is that each time the stop and target quantity is ammended the order is re-inserted at the end of the exchange order queue
Upside is there are less orders to manage making things more simple with less exposure for things to go wrong
Upside is that it can be seriously less expensive in commissions for equity traders

Cancel strategy orders on strategy termination

When a NinjaScript strategy is terminated (stops running) cancel requests to cancel all strategy submitted working orders are sent.