Iceberg Entry Orders

Iceberg Entry Orders is an Enhanced Chart Trader module that conceals a large position by working it as smaller disclosed orders, so the full quantity stays hidden from the market. When you submit an Iceberg order it automatically sends a smaller displayed order, and as each one fills the next is sent immediately until your total Big Quantity is complete.

Iceberg Entry Orders is built for NinjaTrader 8 traders who scale into larger positions and don't want to tip their hand by showing full size on the order book. By working a 40-contract order 5 at a time, for example, you fill the whole position discreetly without flashing a big block to the market.

Yes. Iceberg Entry Orders is a NinjaTrader 8 desktop add-on that expands the Enhanced Chart Trader and requires the Basic Chart Trader Tools foundation, which can be added to any chart window in NinjaTrader 8. Once installed, you configure and fire Iceberg orders directly from the chart.

A standard large order displays its full size to the market, while Iceberg Entry Orders only ever shows the smaller Display Quantity and refills it automatically as each slice fills. Its Variance Control can randomize the displayed size by up to 100% (for instance ranging 3 to 7 contracts on a 5-lot display), making the working order much harder to detect than a single visible block.

Iceberg Entry Orders gives you granular control for its $395 price: set the total Big Quantity and the visible Display Quantity, apply Variance Control to disguise size, and choose a Market, Limit, or Stop display order type. For Limit or Stop displays you can add a Trailing Offset in ticks and use the In Profit Action to either cancel unfilled limits or fill them at market.