Examples & Use Cases
Last updated
Last updated
Now that you're familiar with NinjaTrader's various command functions, let's roll through some example alerts and how they behave on NinjaTrader.
This payload will trigger a simple market order for BUY or SELL actions that will remain in-force for the rest of the trading day.
key=your-secret-key; command=PLACE; account=sim101; instrument=ES 06-25; action=BUY; qty=1; order_type=MARKET; TIF=DAY;
This payload will trigger a simple market order for BUY or SELL actions that will use an ATM strategy template and remain in-force for the rest of the trading day.
key=your-secret-key; command=PLACE; account=sim101; instrument=ES 06-25; action=BUY; qty=1; order_type=MARKET; TIF=DAY; strategy=crosstrade;
Similar to the offsetting scenario when sending a Sell after a Buy, when using an ATM strategy, this will create orphaned Stops and Target orders as those are not cancelled by default. You must send a CLOSEPOSITION or REVERSEPOSITION command before the next directional trade to avoid this. The quantity you set inside of your CrossTrade alert will supersede your default ATM quantity.
This payload will trigger a simple limit order for BUY or SELL actions that will use the specified limit price.
key=your-secret-key; command=PLACE; account=sim101; instrument=ES 06-25; action=BUY; qty=1; order_type=LIMIT; limit_price=X; TIF=DAY;
If you place a Buy limit order above the current price, or a Sell limit order below, it will be executed immediately as you're crossing the spread.
This payload will trigger a Stop Market or Stop limit order for BUY or SELL actions that will use the specified stop price.
key=your-secret-key; command=PLACE; account=sim101; instrument=ES 06-25; action=BUY; qty=1; order_type=STOPMARKET; stop_price=X; TIF=DAY;
You must use the stop_price command and not the limit_price command when submitting Stop Market or Stop Limit order types.
This command will close a position and requires an account name value and an instrument name value. The instrument name value is the name of the NinjaTrader instrument including the exchange name. For equities, the symbol is sufficient. This command will cancel any working orders and flatten the position.
key=your-secret-key; command=CLOSEPOSITION; account=sim101; instrument=ES 06-25;
This command will cancel all active orders and flatten all positions across all accounts and broker connections.
key=your-secret-key; command=FLATTENEVERYTHING;
This command will close the current position and place an order in the opposite direction. The field requirements are identical to the PLACE command.
key=your-secret-key; command=REVERSEPOSITION; account=sim101; instrument=ES 06-25; action=BUY; qty=1; order_type=MARKET; TIF=DAY; strategy=crosstrade;
When reversing a position with an ATM strategy, you'll want to ensure that a position already exists in the underlying instrument and the action is also the opposite of the existing position you intend to reverse.