Automated Trading has taken the industry by storm over the last few years. Both discretionary and automated trading have their benefits depending on one’s trading style, risk capital and stomach for trusting a robot do the work for you. But what about a middle of the road approach that combines the best of both worlds?
Enter NinjaTrader’s Advanced Trade Management (ATM) Strategies.
ATM Strategies provide discretionary traders with semi-automated features to manage positions. For example, most successful traders believe that before you enter a trade you should have a predetermined profit target, stop loss and order quantity. Additionally, you may have rules and conditions to manage your trade; such as Auto Breakeven, Auto Trail or Runners. All of these moving pieces encompass your personal trade methodology or as we call it, your strategy.
Based on user-defined parameters, a NinjaTrader ATM Strategy governs how the collection of orders are managed, allowing you to concentrate on the trade itself and not on order administration. An ATM Strategy does all of this for you automatically!
Incorporating ATM Strategies into your trading arsenal boasts several benefits, such as:
- Reducing errors in order management.
- Speed! Orders are submitted and modified at PC speed rather than human speed.
- Discipline – Less prone to applying too much discretion.
- Consistency with your trading plan.
- Psychology – reducing the role emotions play in your decision making.
Interested in learning more? Bring your questions to our next live NinjaTrader ATM 201 Platform Training Webinar! Each week NinjaTrader hosts an in-depth tutorial on how to harness the power of Semi-Automated Strategies and all of NinjaTrader’s Award Winning Tools and Features!