1. How To Place A Trade Using NinjaTrader Trading Software: Introduction
  2. How To Place A Trade Using NinjaTrader Trading Software: Basic Entry
  3. How To Place A Trade Using NinjaTrader Trading Software: Chart Trader
  4. How To Place A Trade Using NinjaTrader Trading Software: SuperDOM
  5. How To Place A Trade Using NinjaTrader Trading Software: Conclusion

NinjaTrader's Basic Entry order entry window is a straightforward and efficient order entry method. To open a Basic Entry window, select File > New > Basic Entry from within the Control Center. The Basic Entry window will appear, as shown in Figure 1.

Figure 1: NinjaTrader\'s Basic Entry order entry interface.
To submit an order using the Basic Entry order entry window:

1. Select the instrument.

2. Fill in the "Order qty" (order quantity) field.

3. Set the TIF (Time in Force) field from the drop-down list.

4. Select the ATM Strategy option, if desired, from the drop-down list.

5. Submit the order by clicking with the left mouse button on any of the Quick Buttons shown in Figure 2 (BUY ASK, BUY MARKET, BUY BID, SELL ASK, SELL MARKET, SELL BID, BUY, SELL):

Figure 2: The Quick Buttons in the Basic Entry order entry window.
6. Or, submit the order using a custom order (select the order Type, set the limit price if applicable, set the stop price if applicable, left mouse click the BUY or SELL button).

7. Confirm or cancel the order when the "Confirm Order Placement" window appears.

8. To modify the price of an order, left-click on the order line (see Figure 3) or the right section of the label on the price chart. Slide the ghost order line to the desired price level. Left-click with the mouse to complete the action.

Note: This is a click-and-click action – not a click-and-drag action.

Figure 3: Order lines can be moved via a click-and-click action to modify an order.
9. To cancel an order, left mouse click on the red "X" on the order marker.

10. To close an order, click the "Close" button on the Basic Entry window.

SEE: Understanding Order Execution


How To Place A Trade Using NinjaTrader Trading Software: Chart Trader
Related Articles
  1. Trading

    How Do Limit Orders Work?

    Picking entry and exit points can be a big challenge for investors. Find out how limit orders can help you buy and sell a stock at the price you want.
  2. Investing

    Explaining Double Entry Accounting

    Double entry is an accounting and bookkeeping term describing the method of entering transactions into the accounting records.
  3. Investing

    The Basics of Trading a Stock: Know Your Orders

    Taking control of your portfolio means knowing what orders to use when buying or selling stocks.
  4. Trading

    Price Action in These ETFs Deserves Attention

    These strong ETFs are near trade levels, but are the trades worth taking?
  5. Investing

    Explaining Market Orders

    A market order is the most common order used to purchase a financial security.
Frequently Asked Questions
  1. What is Common Stock and Preferred Stock?

    Learn about the differences between common and preferred shares. Explore situations where preferred shares have more favorable ...
  2. Can CareCredit be Used for Family Members?

    Learn more about the available options that CareCredit offers to pay for out-of-pocket medical procedures with little to ...
  3. What is a Wash Sale?

    The Wash-Sale rule was established to forbid a loss deduction of a security sold.
  4. Were Collateralized Debt Obligations (CDO) Responsible for the 2008 Financial Crisis?

    Collateralized debt obligations are exotic financial instruments that can be difficult to understand, Learn the role they ...
Trading Center