How To Place A Trade Using NinjaTrader Trading Software: Chart Trader
  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

How To Place A Trade Using NinjaTrader Trading Software: Chart Trader

NinjaTrader's Chart Trader is a user-friendly visual display that allows single-click order entry, modification and cancellation, all within an active price chart. To open Chart Trader, click on the Chart Trader icon that is in the top toolbar of any price chart. The Chart Trader interface automatically appears on the right side of the price chart, as shown in Figure 4.

Figure 4: NinjaTrader\'s convenient Chart Trader interface, shown here on the right side of the price chart, with active orders shown on the main price chart panel.
To submit an order using Chart Trader:

1. Fill in the "Qty" (order quantity) field.

2. Select the ATM Strategy option, if desired, from the drop-down menu.

3. Submit the order by holding the mouse over the desired price level on the price chart, clicking the right mouse button and selecting the desired order type, as shown in Figure 5.

Figure 5: Selecting the desired order type in NinjaTrader\'s Chart Trader interface.


4. Or, submit the order by clicking with the left mouse button on any of the Quick Buttons shown in Figure 6 (BUY ASK, BUY MARKET, BUY BID, SELL ASK, SELL MARKET, SELL BID):

Figure 6: Quick Buttons in NinjaTrader\'s Chart Trader interface.


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

6. To modify the price of an order, left-click on the order line or the right section of the label on the price chart (see Figure 7). 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 7: An order line in Chart Trader.
7. To cancel an order, left mouse click on the red "X" on the order marker.

8. Quickly cancel all pending orders by right-clicking while over the Chart Trader and selecting "Cancel All Orders" (see Figure 8).

Figure 8: Right-click and choose "Cancel All Orders" to cancel all pending orders.


9. Quickly close all positions by right-clicking while over the Chart Trader and selecting "Flatten Everything" (see Figure 9).

Figure 9: Right-click and choose "Flatten Everything" to close all open positions.


How To Place A Trade Using NinjaTrader Trading Software: SuperDOM

  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
RELATED TERMS
  1. Day Order

    An order to buy or sell a security that automatically expires ...
  2. Immediate Or Cancel Order - IOC

    An order to buy or sell a security that if not immediately filled, ...
  3. Canceled Order

    1. A previously submitted order to purchase or sell a security ...
  4. Good This Month - GTM

    A limit order to buy or sell a security that remains in effect ...
  5. Limit Order

    An order placed with a brokerage to buy or sell a set number ...
  6. End Of Day Order

    A buy or sell order that specifies a price for the security, ...
RELATED FAQS
  1. How can I use a buy limit order to buy a stock?

    Learn how a buy limit order is used by an investor who wants to buy a stock at a certain price, and understand how limit ... Read Answer >>
  2. What are the advantages of a limit order over a market order?

    Understand the functional differences between a limit order and a market order and the respective advantages and disadvantages ... Read Answer >>
  3. How do I place a limit order online?

    Learn how a limit order is placed, the types of stocks it is most useful for and the specifications placed with it to suit ... Read Answer >>
  4. What is the difference between a stop and a market order?

    Learn about market orders and stop orders, how they are used and executed, and the main difference between stop orders and ... Read Answer >>
  5. What is the difference between a buy limit and a sell stop order?

    Understand the differences between the two order types, a buy limit order and a sell stop order, and the purposes each one ... Read Answer >>
  6. What's the difference between a market order and a limit order?

    Buy and sell trades with market orders at the present stock price and execute limit orders if the stock price falls within ... Read Answer >>

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