Proper risk management is one of the most important aspects of successful trading. NinjaTrader provides several tools that allow traders to automatically or manually manage Stop Loss (SL) and Take Profit (TP) orders across desktop, web, and mobile platforms.
This guide explains how to create, modify, and manage Stop Loss and Take Profit orders in NinjaTrader.
What Are Stop Loss and Take Profit Orders?
Stop Loss (SL)
A Stop Loss is an order designed to automatically close a position if the market moves against you by a specified amount.
Its purpose is to limit potential losses.
Take Profit (TP)
A Take Profit order automatically closes a position when your desired profit target is reached.
Its purpose is to lock in profits without requiring manual intervention.
Using both together helps create a structured trading plan and improves risk management.
Modifying Orders on NinjaTrader Desktop
NinjaTrader allows you to adjust working orders directly from the trading interface.
Step 1: Locate the Order
Find the active Stop Loss, Take Profit, or pending order you wish to modify.
Step 2: Select the Order
Left-click the order.
The cursor will change, indicating that the order is ready to be adjusted.
Step 3: Choose the New Price
Click the new desired price level.
The order will immediately move to the selected price.
Canceling a Modification
If you decide not to modify the order:
Press the ESC key
This will cancel the modification process.
Modifying Stop Loss and Take Profit Orders
To adjust an existing Stop Loss or Take Profit:
Step 1: Select the Order
Click directly on the active Stop Loss or Take Profit order.
Step 2: Move the Order
Choose the new desired price level.
Step 3: Confirm the Change
The order will automatically update to the new price.
Important Note
If multiple orders exist at the same price level, NinjaTrader may modify all consolidated orders located at that price.
Always verify your active orders after making adjustments.
Using Single-Click Order Modification
NinjaTrader includes an advanced feature called Single-Click Order Modification.
This feature is designed for traders who need to adjust orders quickly in fast-moving markets.
Benefits
Faster order management
Reduced execution time
Ideal for active traders and scalpers
Enabling the Feature
Open the SuperDOM.
Right-click within the SuperDOM window.
Open Properties.
Enable Single-Click Order Modification.
Once enabled, orders can be adjusted with a single click rather than the standard multi-step process.
Single-Click Modification Controls
When enabled:
Left Mouse Button
Adjusts the nearest Stop Loss or Take Profit order.
Middle Mouse Button
Adjusts the second closest Stop Loss or Take Profit order.
CTRL + Middle Mouse Button
Adjusts the third closest Stop Loss or Take Profit order.
Important Limitations
Only the first three nearest Stop Loss and Take Profit orders can be modified using this feature.
The feature applies only to strategy-related Stop Loss and Take Profit orders.
Entry orders cannot be modified using Single-Click Order Modification.
Using ATM Strategies on NinjaTrader Web
NinjaTrader Web supports ATM (Advanced Trade Management) templates that automatically attach Stop Loss and Take Profit levels to new trades.
Creating an ATM Strategy
Step 1: Open a Chart
Launch your preferred chart.
Step 2: Open ATM Settings
Locate the ATM section and click the settings icon.
Step 3: Create a New Strategy
Click the + button to create a new ATM template.
Choose a descriptive name for the strategy.
Examples:
Scalping Setup
Swing Setup
1:2 Risk Reward
Step 4: Configure Take Profit
Enter your desired profit target.
Example:
40 Ticks
Step 5: Configure Stop Loss
Enter your maximum risk level.
Example:
20 Ticks
Step 6: Save the Template
Click Save.
The ATM strategy can now be applied to future trades automatically.
Managing Stop Loss and Take Profit on Mobile
The NinjaTrader mobile application allows traders to define risk parameters when entering a trade.
Step 1: Place a Trade
Select your instrument and create a Buy or Sell order.
Step 2: Configure Risk Parameters
Before submitting the trade, enter:
Stop Loss value
Take Profit value
Step 3: Submit the Trade
Confirm the order.
The Stop Loss and Take Profit levels will be attached to the position automatically.
Modifying Stop Loss and Take Profit on Mobile
Step 1: Open Positions
Navigate to the Open Positions section.
Step 2: Select the Trade
Choose the active position you wish to modify.
Step 3: Update Your Levels
Adjust:
Stop Loss
Take Profit
Step 4: Save the Changes
Confirm the updated values.
Best Practices for Risk Management
Before entering any trade:
✓ Always define your maximum risk.
✓ Use a Stop Loss on every position.
✓ Set realistic Take Profit targets.
✓ Verify all order details before submitting.
✓ Avoid moving Stop Loss orders further away to increase risk.
✓ Review your risk-to-reward ratio before entering the market.
Why Use Stop Loss and Take Profit Orders?
Consistently using Stop Loss and Take Profit orders can help traders:
Protect capital
Reduce emotional decision-making
Maintain discipline
Follow a structured trading plan
Improve long-term consistency
Need Assistance?
If you need help creating ATM strategies, modifying orders, or managing Stop Loss and Take Profit levels in NinjaTrader, the AquaFutures Support Team is available to assist you.