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

How To Place A Trade Using NinjaTrader Trading Software: SuperDOM

NinjaTrader's SuperDOM interface, shown in Figure 10, is its most robust order entry interface, allowing traders to view market prices, market depth, current inside market, profit & loss, current positions, and pending orders all at a glance. The highly visual characteristics of the SuperDOM Price Ladder display makes managing open orders and positions easy and efficient.

Figure 10: NinjaTrader\'s SuperDOM interface. The green, white and red area of the SuperDOM is called the Price Ladder, and displays current bid and ask prices as well as market depth. Image provided by NinjaTrader, LLC.


The green, white and red area of the SuperDOM is called the Price Ladder. The left column of the Price Ladder is the BUY column which is used to:

  • Submit buy orders
  • Modify buy orders
  • Display bid market depth
The center column of the Price Ladder is the PRICE column which is used to:

  • Modify stop loss and profit target orders
  • Display market prices
  • Display the current bid, ask, and last traded prices
The right column is the SELL column which is used to:

  • Submit sell orders
  • Modify sell orders
  • Display ask market depth
Traders can enter orders in the SuperDOM interface using a combination of mouse clicks and keyboard keys. To submit an order:

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 menu.

4. Select the ATM Strategy option, if desired, (see Figure 11) from the drop-down menu.

Figure 11: The ATM Strategy window.


5. Submit the desired order type (see below for how to enter different order types).

6. To modify an order, click on the order and immediately click in a new price cell.

7. Quickly cancel all orders by right-clicking SuperDOM window and selecting "Cancel All Orders" (see Figure 12).

8. Quickly close all orders by clicking "CLOSE" at the bottom of the Price Ladder, or by right-clicking the SuperDOM window and selecting "Flatten Everything" (see Figure 12).

Figure 12: Right-click to "Cancel All Orders" or "Flatten Everything" in the SuperDOM interface.


Entering a Limit Order

To submit a limit order, select the BUY column for buy orders, or the SELL column for sell orders, and click the left mouse button in the cell that corresponds to the desired price.

Entering a Stop Market Order

To submit a stop market order, select the BUY column for buy orders, or the SELL column for sell orders, and click the middle mouse button (the scroll wheel) while holding the CTRL key down in the cell that corresponds to the desired price.

Entering a Stop Limit Order

To submit a stop limit order, select the BUY column for buy orders or the SELL column for sell orders, and click the middle mouse button in the cell that corresponds to the desired price. A box will appear; use the mouse scroll wheel or click the up/down arrows in the numeric field to enter the number of ticks away from the desired limit price the stop limit order will be.

To submit orders using the Quick Buttons, first enable "Show Quick Buttons" in the SuperDOM properties by right-clicking on the SuperDOM window and selecting "Properties". Find "Show Quick Buttons" under the "General" section and select "True". The Quick Buttons will now appear at the bottom of the SuperDOM display. Once enabled, clicking the ASK button with the left mouse button will submit a limit order at the ask price; pressing the BID button will submit a limit order at the bid price.

SEE: Brokers and Online Trading

FX Pro
NinjaTrader's FX Pro order entry interface is used exclusively for trading forex products. To open a FX Pro window, select File > New > FX Pro form within the Control Center. The FX Pro window, shown in Figure 13, will appear on top of the current active chart.

Figure 13: NinjaTrader\'s FX Pro interface used exclusively for trading forex.
To submit an order in FX Pro:

1. Select the Instrument.

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

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

4. Submit the order by clicking with the left mouse button on any of the Quick Order Buttons:

  • BID places a buy limit order at the best bid
  • BUY places a buy order
  • SELL places a sell order
  • OFFER places a sell limit order at the best ask
5. 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
6. To increase the price of an order:

  • Left-click the "+" button at the top of the FX Pro window (see Figure 14) to increase in one-pip increments
  • Hold the CTRL key down and left-click the "+" button to increase in 5-pip increments
  • Hold the Alt key and left-click the "+" button to increase in 10-pip increments
7. To decrease the price of an order:

  • Left-click the "-" button at the top of the FX Pro window (see Figure 14)to decrease in one-pip increments
  • Hold the CTRL key down and left-click the "-" button to decrease in 5-pip increments
  • Hold the Alt key and left-click the "-" button to decrease in 10-pip increments
8. To cancel an order, left mouse click the "X" button at the top of the FX Pro window (see Figure 14).

9. To change the size of an order, click in the "Remaining" column at the top of the FX Pro window (see Figure 14), type in a new quantity value and press the "Enter" keyboard key.

Figure 14: Forex orders can be modified using the buttons at the top of the FX Pro window.
How To Place A Trade Using NinjaTrader Trading Software: Conclusion

  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. Bracketed Buy Order

    A buy order that is accompanied by a sell limit order above the ...
  2. Limit Order

    An order placed with a brokerage to buy or sell a set number ...
  3. Bracketed Sell Order

    A sell order on a short sale that is accompanied (or "bracketed") ...
  4. Above The Market

    An order to buy or sell at a price set higher than the current ...
  5. Scale Order

    A type of order that comprises several limit orders at incrementally ...
  6. Away From The Market

    An expression that is used when the bid on a limit order is lower ...
RELATED FAQS
  1. 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 >>
  2. 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 >>
  3. 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 >>
  4. What is the difference between a stop order and a stop limit order?

    Learn the differences between a stop order and a stop limit order. Traders use these as stop losses and regular investors ... Read Answer >>
  5. 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 >>
  6. How do I place an order to buy or sell shares?

    Read a brief overview of how to open a brokerage account, how to buy and sell stock, and the different kinds of trade orders ... Read Answer >>

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