Can I trade on Bookmap and copy with ATM strategies? – FlowBots Knowledge Center

Quick Answer

Technically possible, but not fully supported. While you may be able to execute trades from Bookmap and have them copied by Replikanto using ATM strategies, this configuration has significant limitations. The lack of OCO/ATM information from external platforms can lead to improper exit order management, potentially leaving positions unprotected. Use of NinjaTrader's built-in order entry tools is strongly recommended.

Requirements

For this configuration to work at all, the following must be in place:

Leader account in NinjaTrader: The Bookmap account must be connected to NinjaTrader and configured as the leader account in Replikanto
Trade visibility: Trades submitted in Bookmap must appear in NinjaTrader for Replikanto to capture them
Matching ATM strategy: The same ATM strategy (identical name and configuration) must be present in all NinjaTrader instances (leader and followers)

What Works

Basic trade entry from Bookmap can be captured and copied to follower accounts
Initial entry orders are replicated across accounts

Key Limitations and Risks

Exit order management (TP/SL) may not function correctly:

Take Profit and Stop Loss orders will be copied to follower accounts
However, these exit orders might not work as intended due to missing information
Risk: An exit order could be canceled without the opposite order being filled, leaving your position unprotected

Missing OCO/ATM information:

External programs like Bookmap do not always provide sufficient OCO (One Cancels Other) or ATM details to NinjaTrader
Replikanto requires complete order information to manage exit orders properly in follower accounts
Missing information can lead to errors or undesired behavior

Order management scope:

Replikanto is designed to work with orders placed within the NinjaTrader environment
External order submission may result in incomplete information transfer

Recommendation

Use NinjaTrader's built-in order entry tools when using Replikanto to ensure proper functionality of trade copying and order management. External platform integration (like Bookmap) is not a fully supported scenario and carries risks, particularly for exit order management.