Special bracket order-- help requested

Discussion in 'Order Execution' started by rohan2008, Aug 6, 2013.

  1. rohan2008

    rohan2008

    Hi Everyone,

    Newbie here... I would like to setup a strategy where a bracket order gets triggered only when the price hits a certain number... is there any software that lets me do this?

    For example, I would like to setup a rule stating the following:

    if price hits $10.02, setup an entry (buy stop) at $11.10 and if I enter the trade, the s/w automatically sets up a stop loss (sell stop) at say $9.00 and a profit target at T1 (say $11)... a classic bracket order.

    I know that Ninja trader ATM trading strategy lets me set a bracket order, but does let me set it such that the bracket order gets triggered ONLY when the price hits a certain price. I would like to setup my trades and get away from the computer.... the more I stare at it, the more mistakes I tend to be making.

    Esignal doesn't let me do this as I understand. I am not completely sure if Tradestation lets me trigger a bracket order once a price is hit. Can anyone advice here here....

    thanks,
     
  2. www.ninjatrader.com

    Contact their support desk if you can't figure it out ... what you request is easy.