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Strategy to auto place bracket?


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Strategy to auto place bracket?

  #1 (permalink)
 
LightWeight's Avatar
 LightWeight 
Kirkland, WA/United States
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Optimus/Vision/Rithmic
Trading: Futures
Posts: 138 since Jul 2012
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Hello,

I'm looking for a strategy I can download or purchase that will let me program NT to place a stop bracket at a pre-determined time, so that when the clock reaches my designated time it will automatically and simultaneously place a buy and sell stop X number of ticks away from the current price. Does anyone know if there's something like that out there? It would also be handy if I could define ATM targets as well, or choose between stop orders and stop limit orders with a defined limit range to be filled in. But primarily the timed stop would be the key. Or failing that, some way to bind a key or something that would achieve the same effect once I punched it. Anyone familiar with something like that?

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  #2 (permalink)
 OptimusJohn 
Boca Raton, FL
 
Experience: Advanced
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Hello Lightweight,

Unfortunately, I'm not aware of any existing product that could suit your needs, but NinjaTrader has plenty of Ninjascript Consultants that could probably custom code a strategy or tool like this for you.

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  #3 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
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Like my colleague said @OptimusJohn said, that is not available with NinjaTrader.
But, if you use Rithmic data feed, you could run the same feed via R-Trader tied to the same and put that order via R-Trader. You can define the stop and target, and the release time down to the millisecond.
R_Trader is an execution platform only and does not offer all the features that NinjaTrader does, but at times could be a good supplement. Again, both Rithmic feeds would be tied to the same account.
I have attached the appropriate screen shots to illustrate the features.

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  #4 (permalink)
 decs0057 
Munich, Germany
 
Experience: Intermediate
Platform: NinjaTrader, TWS
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It is possible with NinjaTrader ATI interface
see NinjaTrader Version 7

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Last Updated on May 16, 2013


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