Adjust Quantity on Auto OCO Brackets

I have searched and seen nothing on this topic. I believe that on the OCO Brackets you should add number of contracts to a choice we have when setting up the brackets. Now if I manually add contracts the profits are divided. Take a look at that as well. Thanks

It would be a nice convenience to be able to define multiple risk/reward brackets for different products and link that bracket to a color zone. For example, if you happen to take trades on both ES and NQ, having different brackets established for each product will allow the bracket to be added correctly as soon as the trade is entered. In the event your bracket is setup for NQ and your risk is a little higher because of the volume, placing a trade on ES would require a slight update to the TP and SL to ensure proper risk for that product.

The current bracket orders work for placing multiple stop/limits to get into the market but are not sufficient for market orders. Even so, having to set multiple orders and manage them increases risk management activities because you have to monitor each order for execution rather there should be multiple levels for both risk (stop loss) and take profit (limit order). Not sure if NT8 has multiple stop losses but Quantower does. Also, add auto-trailing like NT8 and break even like NT89. Each bracket should be configured by number of lots. Each stop loss and take profit level should support the number of lots for each order at each level.

Example: 7 lots MES,:

Bracket 1: 4 lots SL@5pts (20t) & 4 TP@10pts (40t)

Bracket 2: 2 lots SL@8pts (24r) & 2 TP@15pts (60t) with Auto-Break Even 10pts(40t - when Bracket 1 is in profit)

Bracket 3: 1 lots with Auto-Break Even 10pts(40t - when Bracket 1 is in profit - or maybe a few ticks) entry so you could do 12pts/40t so it’s in the money) - this is the runner.

Auto-Trail can begin immediately if configured in the above example or Break Even then Auto-Trail. Here is an example with Bracket 3.

Bracket 3 w/ BE and AT: 1 lots with Auto-Break Even 10pts(40t - when Bracket 1 is in profit - or maybe a few ticks) entry so you could do 12pts/40t so it’s in the money) with AutoTrail configured to move 1pt for every 4pts price moves up or it could be 2pts for every 4pts or 4pts for every 4 pts.

Of course allow for configuration by dollar, percentage, ticks, or points.

Add points and percentage alongside ticks and dollars. Points isn’t hard if you are already doing ticks.

Parabolic Trailing Stop

Considering something like NT8s Parabolic trailing stop but go for the goal and make it more advanced so people can adjust the parameters. NT8’s parabolic trailing stop is a DLL and not NinjaScript and I haven’t had time to decompile the DLL to see if I can figure out what it is doing but if you put PSAR on a chart the NT8 Parabolic trailing stop loss seems to follow it about 3 PSAR dots in arears of the current. It isn’t always accurate but that is how you would traditionally use PSAR to managing a manual trailing stop.

If you combine all of those features you very well may end up with the best Bracket Orders in the industry. Right now the bracket orders are basic.

Make it available across all of Project X.

Love & Hugs,

Toasthead

I would like to see an Auto Breakeven feature with brackets based on ticks in the money or a certain dollar amount, also I would like to see price alerts we can set on the chart and once price reaches the are it send an alert to desktop and phone.!

Would like to know if you plan to add the above at all?
This is where one enters a trade w/ at least 2 TPs:
1 as a scalp
2 as a larger move TP

I think they have it in NinjaTrader.