With NinjaTrader, there's flexibility to build order execution tools outside of fully automated systems. Discretionary traders can use semi-automated tools to get orders placed on time and at the right price. When day trading fast-paced markets, quick efficient order placement is crucial. Even traders who don't use a fully automated system can still benefit from semi-automated tools to enter the market.
Order Entry Placement
When traders enter the market manually, it often requires lots of extra clicks and attention to detail. We can simplify this process by integrating custom logic and custom buttons directly into the standard NinjaTrader ChartTrader panel — creating a totally customized solution built around your workflow.
Target & Stop Management
Following discretionary entries, target and stop management is typically handed to a NinjaTrader Advanced Trade Management (ATM) Strategy. We expand on this with further customization — for example, automatically moving stop loss orders based on any indicator or logic, creating a custom trailing stop methodology. Target orders can be adjusted the same way. Order adjustments can be done individually (Exits 1, 2, 3) or all at once.
What an Order Execution Tool Can Do
Order execution tools sit between manual trading and a fully automated strategy: you decide when to trade, and the tool handles the clicks and the order management. Typical building blocks include:
- Custom buttons added to the standard NinjaTrader Chart Trader panel that place entries using your own logic.
- Stop loss orders that move automatically based on an indicator or any other rule, creating your own trailing stop method.
- Profit target orders that adjust the same way, either one exit at a time (Exits 1, 2, 3) or all at once.
If you want a ready-made tool rather than a custom build, our Enhanced Chart Trader is a full-featured solution for semi-automated discretionary trading.
What to Send With Your Request
- How you want to enter: a button, a click on the chart, or a condition you confirm.
- The order type for each entry, and how many contracts.
- Where the stop and targets start, and exactly when and how they should move.
- Whether you currently use an ATM Strategy, and which parts of it you want to replace or extend.
Should I ask for a strategy instead?
If you want the system to trade completely on its own and you need backtesting and optimization, a custom strategy is the better fit. If you want to keep the final decision yourself, an order execution tool is.
Ready to Start?
Use the chat button in the bottom right corner of any page to describe your project, or visit Request a Quote. Quotes are free. Please read the Programming Terms of Service before you submit: custom programming invoices are non-refundable, so ask any questions before paying, and all custom work is backed by a one-year bug fix guarantee.