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Can't figure out how to do this with ATM in NT7

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  • waterman
    started a topic Can't figure out how to do this with ATM in NT7

    Can't figure out how to do this with ATM in NT7

    Hi,

    I want to set up ATM to do something fairly complicated, not sure if anyone can figure out how to do it. I'd like to have a 10 point profit target and 5 point stop loss in Nasdaq NQ futures,
    but I'd also like .....if price goes 5 points in my favor then move stop loss up to break even......and if price goes up 7 points in my favor I'd like to move break even up to 5 points if price should start heading down

    Here's an example: I buy one contract at 6903. Price goes to 6907 and then reverses. My stop kicks in at 6898. Same scenario...I buy at 6903 but price goes to 6908 and reverses I get stopped out at 6903 to break even. Third scenario...I buy 6903 and price goes up to 6910 and then reverses...I get stopped out at 6908. Finally,I buy at 6903 and price goes to 6913 I sell at 6913

    thanks for any help

  • waterman
    replied
    Thank you Dennis. You guys are awesome.....I never expected a response on a Sunday night!

    Leave a comment:


  • NinjaTrader_Dennis
    replied
    Hello,

    Thank you for your post.

    Below links to the screenshots that provide the parameters you should use.

    The way it will work is that once your order is filled you will have a Profit Target of 10 and a Stop Loss of 5.

    After 5 ticks in your favor the Stop will be moved to breakeven and after 7 ticks in your favor it will be moved to 5 ticks above breakeven.

    https://dennis-ninjatrader.tinytake....I0MV85ODc2NDQy

    https://dennis-ninjatrader.tinytake....I0MF85ODc2NDI5

    Please let me know if I may be of any further assistance.

    Leave a comment:

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