Why Use BlackBird vs. the NinjaTrader ATM

BlackBird offers unique stop-loss trailing capabilities and a simple user interface set up that is not found any where else.

Order Set and Bracket Matching

The number of Trade Plan » Bracket(s) must match the number of BlackBird » Order Set(s).

Less Trade Plan » Brackets: If the Trade Plan has two Brackets, but BlackBird has four Order Sets, only the first two order sets will execute (Order Set A and B). Order Set C and D are omitted.

More Trade Plan » Brackets: If the Trade Plan has four Brackets, but BlackBird has three Order Sets (Order Set A, B, & C), a fourth Order Set will be submitted as the image shows.

Quantity Distribution

BlackBird matches the quantity distribution method of SharkSignals. Currently, the BlackBird » Order Set » Quantity Scaling algorithm is disabled.

When the quantity of the Signal exceeds the total Bracket quantity, the excess quantity is placed in Bracket 1.
e.g. If the signal quantity is 5,

and the total Bracket quantity equals 2,

the extra 3 contracts will be placed in Bracket 1.

When the quantity of the Signal is less then the total Bracket quantity, the quantity of Bracket 1 is filled first. The remaining quantity goes to Bracket 2. The process repeats until no quantity remains.