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Date/Time: Sun, 28 Apr 2024 22:07:32 +0000



Post From: Setting up OCO on the fly

[2019-04-13 20:50:37]
seandunaway - Posts: 213
NinjaTrader has a really neat "OCO Order" keyboard shortcut (Ctrl-Z by default if I remember correctly) where you can create OCOs "on the fly" from the DOM or chart.

I also realize that I leave dangling take profit limit orders out there; a potential disaster if I ever lose connection.

It would be a really helpful feature..

However, CME does indeed use FIFO for stops on most products (equities and treasures) and so you would lose your place in queue when re-submitting the orders after each modification.

Logistically, how would it work?


edit: My personal use case would be initiate a position with a -4t stop attached child, and then later I could add a take profit limit order, perhaps by holding down a modifier key, which would cancel the existing child and resubmit the two as an OCO. On the fly balancing could be tricky.. for example what if my existing stop is 4 ticks but I add 8 ticks worth of limits?
Date Time Of Last Edit: 2019-04-13 20:59:01