How To Place A Trade Using NinjaTrader Trading Software: SuperDOM
AAA
  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. Paper Trade

    Using simulated trading to practice buying and selling securities ...
  2. Demo Account

    A trading account that allows an investor to review and test ...
  3. Application Programming Interface - API

    An interface or "go-between" that enables a software program ...
  4. Mobile Trading

    The use of wireless technology in securities trading. Mobile ...
  5. Trading Software

    Computer programs that facilitate trading of financial products ...
  6. Trading Platform

    Software through which investors and traders can open, close ...
RELATED FAQS
  1. What happens if a software glitch fails to execute the strike price I set?

    If you've ever suffered the frustrating experience of having an order not filled or had a strike price fail to execute because ... Read Full Answer >>
  2. What is the difference between business intelligence and competitive intelligence?

    Competitive intelligence is the act of understanding a company's industry and industry rivals so the company can make better ... Read Full Answer >>
  3. Should I attempt to trade futures myself using software, or is this better left in ...

    The question of whether to do your own futures trading or opt for a managed account that a professional trades on your behalf ... Read Full Answer >>
  4. How do I place a limit order online?

    Nearly all trading orders can be placed online through a trading platform usually provided by a broker. A limit order is ... Read Full Answer >>
  5. How do you trade put options on E*TRADE?

    To trade put options with E-trade it is necessary to have an approved margin account. Investors may sign up for margin accounts ... Read Full Answer >>
  6. How do you trade put options on Ameritrade?

    To trade put options with TD Ameritrade, you need a margin account funded with more than $2,000 that is authorized to trade ... Read Full Answer >>

You May Also Like

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!