Instead of having to create orders automatically, is there a way that I could have additional limit or market orders created automatically once I enter a trade? For example, I enter a long position with 1 contract at 20000 in NQ. What I would like to have happen is then have two or more buy limit or market orders placed for set numbers of contracts at set intervals below the initial entry, say 100 ticks apart as an example. I would also want to have the stop set automatically and have the stop automatically increment the number of contracts as the orders are filled. How could I accomplish this?

Another variation could be some mechanism for placing all of the trades at the same time. Then, I could adjust them by hand as needed, but I think I would prefer the first option.

richw 

Instead of having to create orders automatically, is there a way that I could have additional limit or market orders created automatically once I enter a trade? For example, I enter a long position with 1 contract at 20000 in NQ. What I would like to have happen is then have two or more buy limit or market orders placed for set numbers of contracts at set intervals below the initial entry, say 100 ticks apart as an example. I would also want to have the stop set automatically and have the stop automatically increment the number of contracts as the orders are filled. How could I accomplish this? Another variation could be some mechanism for placing all of the trades at the same time. Then, I could adjust them by hand as needed, but I think I would prefer the first option.

Yes, that's possible. I do it by labelling entry orders so that I'm able to manage fills of those orders to transmit associated OCO orders.
Management of those entries can be achieved with the OnExecutionUpdate function.
Take a look to the info in the following link, what you are requesting should be easily adaptable from the examples:
https://forum.ninjatrader.com/forum/ninjatrader-8/strategy-development/1209799-samples-of-onexecutionupdate-trying-to-reverse-trade-on-some-of-my-stops

I hope it helps.

richw 

Instead of having to create orders automatically, is there a way that I could have additional limit or market orders created automatically once I enter a trade? For example, I enter a long position with 1 contract at 20000 in NQ. What I would like to have happen is then have two or more buy limit or market orders placed for set numbers of contracts at set intervals below the initial entry, say 100 ticks apart as an example. I would also want to have the stop set automatically and have the stop automatically increment the number of contracts as the orders are filled. How could I accomplish this? Another variation could be some mechanism for placing all of the trades at the same time. Then, I could adjust them by hand as needed, but I think I would prefer the first option.

I just seen your post , have you tried a layering tool, where you enter at a certain price in 1 contract and it goes against you say by 15 ticks then enter 2 and if it still goes against you enter 5 where your average comes down with a stop at last entry stop out. When it reverses it's powerful .

I use 1-3-5 in MNQ to start and switch to 2-5-10 and see if that helps , you must practice it over and over.

Hope this helps
Wayne

How has this strategy worked for you over time? I would like to discuss this further with you, if possible.

bmw421 

I just seen your post , have you tried a layering tool, where you enter at a certain price in 1 contract and it goes against you say by 15 ticks then enter 2 and if it still goes against you enter 5 where your average comes down with a stop at last entry stop out. When it reverses it's powerful . I use 1-3-5 in MNQ to start and switch to 2-5-10 and see if that helps , you must practice it over and over. Hope this helps Wayne