As a FundedNext Futures trader, managing your risk is essential. Here’s how you can set and manage your Stop Loss and Take Profit in NinjaTrader to protect your trades.
Windows/Mac (SuperDOM):
Modifying Entry and Exit Orders:
Pending orders in NinjaTrader may be modified by clicking to select the order and clicking once more at the new price point. This approach is more effective than drag and drop because it eliminates the potential errors made by accidentally letting go of your mouse button and dropping an order on the wrong price.
Click using your left mouse button on the order you wish to modify.
Once selected, you will see the cursor change to a hand from an arrow; then choose the price you are modifying the order to and click using your left mouse button to complete the modification process.
The left mouse button is used to modify the price of limit, stop-market, stop-limit, and MIT orders. You can cancel out of a price modification (remove the hand cursor) by pressing the ESC key.
You can also increase or decrease the price of an order by pressing down on the right mouse button with the mouse cursor hovering over the order, which will display all orders consolidated at that price. You can then select any individual order to increase.
Modifying Stop Loss and Profit Target orders
Click with your left mouse button in the center column on the Stop Loss or Profit Target order you want to modify.
Once selected, you will see the cursor change to a hand from an arrow; then choose the price you are modifying the order to and click using your left mouse button to complete the modification process.
Note: If there are multiple orders consolidated at a price level, modifying the price will modify all orders at that price level.
Single-Click Order Modification:
You have the option of enabling Single Click Order Modification for ATM Stop Loss and Profit Target orders via the SuperDOM Properties dialog window accessible by right mouse click context menu. This is an advanced feature that can provide you with the clear advantage of efficiently modifying orders in fast-moving markets. If you are a scalper, then this option is for you.
Once enabled, to modify Stop Loss and Profit Target orders click in the center/PRICE column. Clicking in the PRICE column on the BID or above when long will adjust your Profit Target order prices; below the BID will adjust Stop Loss order prices. Clicking in the PRICE column on the ASK or below when short will adjust your Profit Target order prices; above the ASK will adjust your Stop Loss order prices.
Left Mouse Click - Modifies the closest Stop Loss or Profit Target order.
Middle Mouse Click - Modifies the second closest Stop Loss or Profit Target order.
Middle Mouse Click + CTRL Key - Modifies the third closest Stop Loss or Profit Target order.
Notes:
Single Click order Modification for Stops and Targets are limited to only the first 3 nearest stops and targets
If you have more than one active strategy working in the market, single-click modification will be applied to the stops and targets associated with the selected strategy as indicated in the strategy control list (drop-down list) in the lower portion of the SuperDOM window.
This advanced mode DOES NOT provide single-click access to working orders (entry/exit) that reside in either the BUY or SELL columns.
Web Terminal (ATM):
Get Your Chart Open: Open your trading chart first. Turn on the ATM’s settings:
Check your platform for the Automated Trade Management (ATM) settings. To access the options, click the gear symbol next to it.
Develop a Novel ATM Approach: The plus sign (+) can be used to define a new ATM strategy. Name your strategy according to your preference (e.g., “SL-TP Strategy”).
Take Profit Level: Type in how much you want to make (for example, 40 Ticks).
Enter the amount you are willing to risk (e.g., 20 ticks) as the stop loss level.
Save Your Preferences: Once your levels are configured, click “Save” to let the changes take effect.
Mobile Phone:
Open the app and place a Buy/Sell order.
Enter Stop Loss & Take Profit values before confirming.
To modify, go to Open Positions, select the trade, and adjust levels.
Maximize your success by managing risk effectively with Stop Loss & Take Profit across all NinjaTrader platforms.