need advice on breakeven stop

[gwenael]

Hello all,

I am a new user of ninja (after TT).
I want to automate the following system :

As soon as I am filled on an entry, I want :
- 50% of my position exited at +10 ticks
- 50% of my position exited discretionary and manually
- 100% of my position with an initial stop loss placed at -10 ticks, but that move one tick in my favor as soon as the market gives me 1 tick profit.
When +10 ticks profit is reached , 50% of my position is exited and I want that the remaining position just runs (in case of a strong move) with a stop loss at breakeven (but who stays at breakeven, no autotrail with each tick profit).
That's here that I experience difficulties with the stop loss features in the DOM.

Exemple :
Long 2 lots @ 1.3020
Stop loss 2 lots 1.3010 (-10 ticks)
If 1.3021, stop loss becomes 1.3011
if 1.3022, stop loss becomes 1.3012 etc
if 1.3030 , lot 1 is exited for a +10 ticks profits, AND THEN, I want that the remaining stop loss stays at breakeven, ie 1.3020 . I cannot find a way to do it on the DOM features.

May someone help me on this ?

Thanks for your time
gwen

[NinjaTrader_Kyle]

Hello Gwen,

Thank you for your post.

Could you please outline the auto-trail settings which you have in place currently? I'm looking for the Stop Loss, Frequency and Profit Trigger values.

[gwenael]

Hello,

Currently, my settings are :

ATM strategy parameters :
1 Target 2 Target
stop loss 10 stop loss 10
profit target 10 profit target 0

Stop strategy Stop strategy
Auto trail Auto breakeven
stop loss 10 Profit trigger 10
frequency 1 Plus 0
Profit trigger 1

With this parameters, everything is fine for the lot 1, but for the lot 2, the stop loss remains at -10 and stays there during the trade, but what I want is that it moves dynamically like lot 1....but stays at breakeven as soon as +10 ticks profit is there.
(the 2 things that I get are 1) stop loss stays at -10 or 2) stop loss moves dynamically indefinitly .

Hope it helps
gwen

[NinjaTraderEcosystem_Danielle]

Good morning Gwenael,

Thanks for posting

To verify that I am understanding your settings right I want confirm that this is what have:

Target1

Stop Loss:10

Profit Target:10

---Stop Strategy <None>

Target2

Stop Loss:10

Profit Target:0

---Stop Strategy <Custom>

Auto Breakeven-

Profit trigger:1

Plus:0

Autotrail -

Stop Loss:10

Frequency: 1

Profit Trigger:10

And for further clarification what you would like is when the first target is hit the second target would move to breakeven and then move dynamically with the market for every tick in profit.

To accomplish this your stop strategy should look like this

Target 2

---Stop Strategy <Custom>

Auto Breakeven-

Profit trigger:10 (this would move Target 2's Stop loss to break even after 10 ticks in profit)

Plus:0 (Leaving the setting at 0 will move the Stop loss breakeven if you were to enet +1 it would move the Stop loss 1 tick above breakeven if you were to enter -1 your stop loss would move 1 tick below break even)

Autotrail -

Stop Loss:10 (This would move your Stop loss 10 ticks behind the market price)

Frequency: 1 (This would cause your Stop loss to move 1 tick for every tick in profit)

Profit Trigger:10 (This would trigger this portion of your stop loss strategy at 10 ticks in profit.)

Please let me know if this was helpful or if I may be of any further assistance.

[gwenael]

Hello,

not exactly
What I want is on any signal, a stop loss is set at -10 ticks
I want then that this stop loss (for the 2 lots) moves dynamically with each tick of profit.
Then, when +10 ticks of profit is reached, lot 1 is exited at +10 (which means that at this very moment, stop loss are at breakeven view the fact that they move dynamically )....but instead that stop loss on lot 2 continues to move dynamically, I want that its stays at breakeven (the idea is to try to catch a runner but without following the last price too closely).

I hope you understand my explanations.
Thanks for your time
gwen

[NinjaTrader_Brandon]

Hello gwenael,

Thanks for the clarification. I believe I understand what you want to do.

Attached I have provided a screen shot of what you would want to use for your Stop Strategy

How this will work is with every tick in your favor the Auto Trail will move your Stop Loss 10 ticks behind the current price. (+1 with each tick in your favor)
After 10 tick in your favor Target 1 will be filled and step 2 of the Auto Trail will move your Stop Loss 10 ticks behind the current price (breakeven)
Setting the Frequency to 999 will ensure this move will only ocure once, keeping your Stop Loss at Breakeven

[gwenael]

It works perfectly right with your setup.

A great thanks !!!!

Gwen

[gwenael]

Unfortunately, I was too eager to answer as the market did not move enough to test the parameters live.
The thing is that - as soon as the target on lot 1 is filled, the stop loss on lot 2 continue to move dynamically but I just want it to stay at breakeven, nothing more.

I put 3 screen capture of my parameters (ATM strategy + the 2 custom strategy)
hope it helps
thanks
gwen

[NinjaTraderEcosystem_Danielle]

Hello, I have included all of the settings and have tested multiple times on my end. The second stop stops moving dynamically after the 10 ticks in profit.
Also to test disconnect from your provider and connect to simulated data feed.

Please let me know if this was helpful or if I maybe of any further assistance.

[gwenael]

A big thanks, it works perfectly well ! Thanks you for your time.

A last question : how to use the parameters to make a pyramide.
I mean, I want to get the possibility to add to my existing position, but that each add is treated exactly like a "new" position with the same exactly stop loss and exit rules.
Example :
long 2 lots @ 1.5320 stop loss 1.5310 exit lot 1 @ 1.5330 and free run for lot 2
Let's say that I add a "new" 2 lots position @ 1.5335. I then want that same rules applies, independantly of my first position , ie stop loss 1.5325, exit lot 1 @ 1.5345 and free run for last lot of this "new" position.

May you help me on this ?

thanks again for your time

gwen

[NinjaTraderEcosystem_Danielle]

Hello again Gwenael,

Thanks for writing in again. I am happy to help

*If you right click within the DOM
*Select properties
*Then change the value of ATM strategy selection mode to 'KeepSelectedAtmStrategyTemplateOnOrderSubmission'
*Then click OK

You will be able to use your same ATM strategy multiple times

Here is a HelpGuide link you may find helpful when learning about SuperDOM properties

Here is a HelpGuide link you may find helpful when learning about Saving our ATM template

[gwenael]

about ATM (stop losses)

Hello,

Thanks again for your previous help.

May you help me on this ?

Lets' say I am on position
I want a stop loss at entry -10 ticks
Then when market goes in my favor by +5 ticks, I want the stop loss goes from -10 to --5
and then if market goes in my favor by 15 ticks, I want the stop loss goes then from -5 to breakeven....and stays at breakeven whatever happens (because I will exit the position manually).

In a nutshell :
position on
stop loss -10
if +5, stop loss @-5
it stays at -5 until markets goes in my favor by +15 ticks. Then, stop loss goes from -5 to breakeven....and that's all.


Any help on this ?

thanks for your time
gwen

[NinjaTrader_Kyle]

Hello Gwen,

Thank you for your post.

Based on what you've outlined the strategy would use the following settings:

ATM Strategy:
Stop Loss: 10
Profit Target: 0

Stop Strategy - auto breakeven:
Profit Trigger: 5
Plus: -5

Stop Strategy - auto trail:
Stop Loss: 15
Frequency: 999
Profit Trigger: 15

[gwenael]

Thanks a lot for your help.
gwen

[gwenael]

Hello,

And a last question , how can, with this ATM strategy, I can use a :

- stop limit order for entry (I want to reduce slippage , even with the risk of not be filled)
- stop market order for exits in case of losses (because for stop loss purpose, I cannot afford not to be filled)

thanks for your time again
gwen