Bracket Entry Orders is a module for the Enhanced Chart Trader. It enables one click placement of OCO orders to enter the market as it moves quickly in either direction. The Enhanced Chart Trader is designed to replace the standard NinjaTrader Chart Trader.
The Bracket Entry Orders module is great for capturing momentum in fast moving market during periods of high activity or following a news event. The “Bracket” button gets the last traded price, and then initiates a Buy order above the market and a Sell order below the market simultaneously. These orders are OCO (One Cancels Other) or can be canceled before anything is filled by hitting the “Cancel” button as seen in the screenshot below.
Features
Bracket Entry Orders Options
Order Offset (Ticks) – the offset for both buy and sell orders, from the current price.
Order Type – LMT (Limit), Market If Touched (MIT), SLM (Stop Limit) or STP (Stop).
Stop Limit Offset – number of ticks to offset the Stop Limit order trigger. a negative number is supported, resulting in a Simulated Stop Order type, which is unique to NinjaTrader.
Trigger Mode – select when the orders get placed.
Immediately – orders are placed when the button is clicked.
Close – orders are placed when the bar closes.
Close Early Entry (Seconds) – when using Minute or Second bars, with a Trigger Mode of ‘Close’, this allows orders to be placed before the bar actually closes. This feature is essential for trading news events to get the orders placed before a spike occurs.
Price Basis – select where the orders get placed.
Last – orders get placed based on the last traded price with an offset
High / Low – orders get placed based on the high and low of the current bar
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Product licenses can only be used on the purchaser’s computer/computers. Extra product licenses cannot be given away for free or resold. All purchases include a lifetime license with future upgrades for free. Our goal is to continually improve all of our products in performance, compatibility, and new features!
Videos
Our entire line of Enhanced Chart Trader products include the Basic Chart Trader Tools. Click through the different features below to get a quick demo!
Bracket Entry
Trade the News
Price Basis
Stop Limit Offset
The “Bracket” button gets the last traded price, and then initiates a Buy order above the market and a Sell order below the market simultaneously.
Ability to switch order type to LMT (Limit), Market If Touched (MIT), SLM (Stop Limit) or STP (Stop Market).
Easily adjust the tick offset while your order is placed.
When using Minute or Second bars, with a ‘Close’ Trigger Mode selected, the bracket can be placed a set number of seconds before the bar closes.
This feature is essential for trading news events to get the orders placed before a spike occurs.
Ability to change price basis depending on where you want the order placed.
Last price basis places orders on the last traded price with selected offset.
High/Low price basis places orders on the high and low of the current bar with selected offset.
Easily adjust the number of ticks to offset the Stop Limit order trigger.
A negative number is supported, resulting in a Simulated Stop Order type, which is unique to NinjaTrader.
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