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. Trading

    The Basics Of Trading A Stock

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

    Explaining Market Orders

    A market order is the most common order used to purchase a financial security.
  4. Trading

    How To Place Orders With A Forex Broker

    Learn how to set each type of stop and limit when trading currencies.
  5. Investing

    Explaining Double Entry Accounting

    Double entry is an accounting and bookkeeping term describing the method of entering transactions into the accounting records.
  6. Personal Finance

    5 Reasons You Should Have Global Entry

    Have you been considering Global Entry? Here are five reasons why you should go ahead and fill out your application today.
Frequently Asked Questions
  1. What is the difference between Communism and Socialism?

    Learn how some countries are incorporating socialist methods into capitalism.
  2. What's the difference between a stop and a limit order?

    A limit order is an order that sets the maximum or minimum at which you are willing to buy or sell a particular stock. With ...
  3. What is the formula for calculating earnings per share (EPS)?

    Learn why earnings per share (EPS) is often considered to be one of the most important variables in determining a stock’s ...
  4. What is the formula for calculating internal rate of return (IRR) in Excel?

    Understand how to calculate the internal rate of return (IRR) using Excel and how this metric is used to determine anticipated ...
Trading Center