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Avg Entry Price in a Strategy

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    Avg Entry Price in a Strategy

    If I scale into a position, say entering for 2 contracts at 1325 and 2 more contracts at 1323, I have an average entry price for the total trade of 1324. If I have a basic ATM template with say a 12 tick profit target and a 12 tick stop loss with the "SelectActiveAtmStrategyOnOrder Submission" selected, should the specified stop loss and profit targets adjust not only the total contracts from 2 to 4 on the profit and stop levels, but also their distance based on the new order entry price?

    When the first trade is entered, I would have a profit target at 1328 and a stop loss at 1322 each for 2 contracts. When I enter the second trade, the stop loss and profit target contract size increases from 2 to 4, but the placement of those stops and profit targets does not change to reflect tha new average entry price (1324). Is this correct? If it is correct, is there a way to get those levels to adjust automatically to the new average entry price? Particularly, with say the auto-breakeven function this can lead to some odd results.

    #2
    Thank you for your post.

    This is normal because you are entering the second set of contracts into a strategy that reads as active in the strategy drop doown menu. Contracts added to an active strategy will be added to the current profit target and stop loss level. In other words the distance from entry will not be adjusted.

    To get around this reselect the strategy before entering the second set of orders (pick the strategy that does not say Active). This gives each set of orders their own profit targets and stops.
    JessicaNinjaTrader Customer Service

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