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Rithmic/rTrader: How to place a Trade

Learn how to set up R Trader, place trades, manage positions, and close orders efficiently with this step-by-step guide.

Updated over 2 weeks ago

What should I check before trading on R Trader?

  1. Ensure that your market data is on by verifying that the information at the top matches the bottom.

  2. Select the correct system: DayTraders.com.

  3. Make sure Allow Plug-ins is turned off (if highlighted, disable it).

  4. Click Log In to access your account.

  5. Load your IB dashboard to view all your accounts.

How do I load charts on R Trader?

  1. On the left-hand side, enter:

    • Symbol (e.g., NQ for Nasdaq or ES for S&P 500).

    • Current contract month (e.g., March = H, 2025 = 5).

    • Exchange (e.g., CME for Chicago Mercantile Exchange).

    • =NQH5.CME

  2. Press Enter to load the chart.

How do I place a trade on R Trader?

  1. Select the account you want to trade from (e.g., DT 0009-13).

  2. Right-click on the account and select Place an Order.

  3. Choose your instrument + Contract Month (e.g., NQ + H for March) and exchange (e.g., CME).

  4. Set the order type:

    • Market for immediate execution.

    • Limit to specify a price.

  5. Enter the contract quantity based on your account size.

  6. Confirm the symbol format (e.g., NQH5.CME for March 2025).

  7. Click Place Order.

How do I monitor and close a trade?

  1. Check the Positions tab for details like fill price and time.

  2. To manually exit, click the X next to your position and confirm.

  3. Once the X turns grayed out, your order is fully closed.

For efficient trading, keep the Positions tab open at all times and arrange windows horizontally for better visibility.

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