Iceberg Entry Orders
An Enhanced Chart Trader module that conceals large positions by working them as smaller disclosed orders.
Overview
Iceberg Entry Orders executes a large-volume order by breaking it into smaller disclosed orders, keeping the full quantity hidden from the market. When an Iceberg order is submitted, disclosed orders are sent automatically, and as each one fills the next is immediately sent until the entire order is complete.
For example, a 40-contract position can be worked 5 contracts at a time with a 40% variance, so the displayed size randomly ranges between 3 and 7 contracts.
This module expands the Enhanced Chart Trader and requires the Basic Chart Trader Tools foundation, which can be added to any Chart window in NinjaTrader.
๐ฆ What's Included
Refund and Sales Policy
30-day money-back guarantee. If this product does not work as advertised, report it within 30 days of your purchase and give us 14 days to resolve the issue. If we cannot, you get a full refund. The guarantee covers the purchase price only, never trading results or losses on any account. Read the full terms.
Product licenses can only be used on the purchaser's computer(s). All purchases include a lifetime license with free future updates.
Iceberg Entry Orders Features & Benefits
Big Quantity
Set the total number of contracts for the complete Iceberg order.
Display Quantity
Set the contract quantity for the disclosed orders that are visible in the market.
Variance Control
Vary the displayed quantity by a set percentage from 0 to 100 to disguise the size.
Display Order Type
Choose the visible order type sent to the market: Market, Limit, or Stop.
Trailing Offset
For Limit or Stop displays, trail the order with the market by a configured number of ticks until filled.
In Profit Action
Decide how unfilled Limit orders are handled, either cancelling them or filling at market.
Also Included: Basic Chart Trader ToolsView Product
Your Iceberg Entry Orders license also includes the complete Basic Chart Trader Tools:
Click Entry Buttons
Click and drag orders onto your chart and switch between LMT, MIT, STP, and SLM orders with a customizable tick offset.
Limit Order Buttons
Create customizable limit or MIT entry buttons with adjustable tick offsets and a choice of Ask, Bid, Offer, or Spread.
Attach to Indicator
Attach a stop or target order to any NinjaTrader indicator in one click, with tick offsets and track or trail mode.
Micro/Mini Crossover
Keep your chart on the mini (like ES) and trade the micro (MES) instead โ or the reverse โ without switching charts or reloading the instrument.
Breakeven Button
Optionally add a breakeven button in the chart window with the entry line display or in the control panel area.
Profit & Loss Display
Show or hide P/L in ticks, points, or dollars, view daily P/L with or without commissions, and break it out per instrument.
Executions Display
Improves on the standard NinjaTrader display, showing details such as time in the trade and total profit in your chart window.
Trade Management
View contract size and distance to target/stop, track P/L, and drag, combine, or split stop and target orders with ease.
Additional Tools
Includes a universal bar counter, last price display, a reverse button, customizable panel colors, and bid/ask spread display.
Included with your purchase
Lifetime Purchase
A one-time purchase with a lifetime license โ no monthly or yearly fees. Buy once and it stays yours across every future version.
Free Updates
Free lifetime upgrades โ every new feature and improvement is included at no extra cost, updated regularly from trader feedback.
Customer Support
Human live-chat support included with every license โ real people who usually reply within minutes, before and after you buy.
Video Overview
Watch this overview, or browse more on our YouTube channel.
Screenshots
Requirements & Setup
System Requirements
| Platform | NinjaTrader Desktop (NinjaTrader 8) |
| NinjaTrader versions | NinjaTrader 8.1.x.x (every 8.1 release, including the latest, 8.1.8.3) and NinjaTrader 8.0.28.0. On 8.0.28.0? After you buy, request the 8.0.28.0 build in your Members Area or ask us on live chat. |
| License | Lifetime โ 1 PC or 2 PC options available |
| Support | Human chat support included with every license |
| Updates | Free lifetime upgrades โ updated regularly based on trader feedback |
Installation
After purchase, your download is available instantly in your Members Area. Import the file into NinjaTrader Desktop, then follow the included step-by-step user manual and video guide. Need help? Use our human chat support or join the Discord community.
Good to Know
Which NinjaTrader version does this work with?
It is built for NinjaTrader Desktop (NinjaTrader 8) on Windows: every 8.1.x.x release, including the latest, 8.1.8.3, and NinjaTrader 8.0.28.0. On 8.0.28.0, request the 8.0.28.0 build in your Members Area or ask us on live chat after you buy. Like every NinjaTrader add-on, it does not run on NinjaTrader Web or the NinjaTrader mobile app.
Is this a one-time purchase or a subscription?
A one-time purchase. Every license includes a lifetime license with free future updates โ no recurring fees.
Can I use it on more than one computer?
Yes โ choose the 2 PC license option at checkout to run it on a second computer.
Do I get free updates?
Yes โ free lifetime updates. New versions appear automatically in your Members Area.
What support is included?
Human chat support plus our active Discord community, backed by 18 years of NinjaTrader programming experience.
What is your refund policy?
This product is covered by our 30-day money-back guarantee. If it does not work as advertised, report it within 30 days of your purchase and give us 14 days to resolve the issue. If we cannot, you get a full refund. It covers the purchase price only, never trading results or losses on any account. See the full terms.
Frequently Asked Questions
What is an iceberg order in NinjaTrader?
An iceberg order works a large order by breaking it into smaller disclosed orders, so the market sees a small slice at a time and never your full size. Iceberg Entry Orders adds this to NinjaTrader 8 through the Enhanced Chart Trader. When you submit an iceberg order, the first slice is sent, and as each slice fills the next one is sent automatically until the whole quantity is filled.
Is Iceberg Entry Orders an iceberg detection indicator?
No. Iceberg Entry Orders is an order entry tool for your own trades. It places and works your iceberg order from the chart so your full size stays hidden. It does not scan the market for other traders' hidden iceberg orders. To read buying and selling activity at each price, use an order flow indicator such as our Impact Order Flow Indicator, which shows bid and ask activity, imbalances and block trades.
How do I place an iceberg order in NinjaTrader 8?
Open the Iceberg / Sliced Entry section of the Enhanced Chart Trader panel and set the total Quantity and the Display Quantity. Click Iceberg Buy or Sell (now) to start working the order immediately, or use the select price buttons and click the chart to set your level, the same way you would place a limit or stop order. The working order draws a parent flag you can drag to reprice.
How does Iceberg Entry Orders hide the size of my order?
You set the Big Quantity for the full position and a Display Quantity for each visible slice, then Variance randomizes every slice by a percentage from 0 to 100. For example, a 40 contract position worked about 5 contracts at a time with a 40% variance sends slices between 3 and 7 contracts, so the slices do not all look identical on the order book.
Can the iceberg slices be limit or stop orders?
Yes. Display Order Type sets each slice as a Market, Limit or Stop order. With Limit or Stop slices, Order Offset Trailing lets the slice follow price by a set number of ticks until it fills. In Profit Action decides what happens when the order moves into profit by your trigger ticks before it completes, either cancelling unfilled limit orders or filling them at market.
What is the difference between iceberg and time sliced orders?
Both hide a large position by sending smaller disclosed orders. Iceberg Entry Orders sends the next slice based on fill events, as soon as the previous slice fills. Time Sliced Entry Orders, a separate module, releases each slice on a timer at fixed or variable intervals, whether or not the previous slice has filled. Use iceberg for fill-driven execution and time sliced for time-driven execution.
Does it work with NinjaTrader 8.0.28.0?
Yes. It runs on every NinjaTrader 8.1.x.x release, including the latest, 8.1.8.3, and on NinjaTrader 8.0.28.0, the last 8.0 release. 8.0.28.0 takes its own build: after you buy, request it in your Members Area (NinjaScript Downloads, then NinjaTrader 8.0.28.0) or ask us on live chat and we will set you up.
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