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Sliding auto-breakeven

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    Sliding auto-breakeven

    Can you tell me if there is a way in which I can have an auto-breakeven that automatically adjusts itself please?
    What I am trying to achieve is to trade 4 contract on the YM with an initial stop of i.e. -10 on all 4. At profit level +5 I take 2 contracts off, at profit of +10 I take another off then let one run. I have been using no stop strategy for targets 1 and 2 but using the autobreak of position 3 to adjust the stop to breakeven +1 on a profit of +6. This works well but then I tried to adjust things so as to manage the 1 running open contract. I tried to set the autobreakeven from position 1 to breakeven+1 at profit +6 and then use the breakeven of position 2 to move it to breakeven +5 at profit +11 and then autobreakeven of position 3 to move it to +10 at profit +20. This didn’t seem to work as no autobreakeven adjustments we made during the trade to +15 point, where I close the position.
    I could use trailing stops but I want fixed stops rather than trailing stops. Not sure if I have made any sense above. I guess what I am asking is can you set multiple autobreakeven criteria that adjust themselves upward as the trade progresses within 1 strategy using the 3 positions, or is only 1 possible?
    Many thanks

    #2
    imported post

    HI,

    I replied to your note that you sent to [email protected]

    Vince
    Vince B.NinjaTrader Customer Service

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      #3
      imported post

      Vincent wrote:
      HI,

      I replied to your note that you sent to [email protected]

      Vince
      Vincent: What answer did you give to pwald9 question?

      Comment


        #4
        imported post

        Hi,

        Here was my answer:

        What you want can only be done while using the Auto Trail feature. We don't
        have any fixed stops in V5 nor the possiblilty to set up multiple Auto
        Breakeven criteria.

        What is possible in the future is system development. We will have this
        available in our upcoming V6 which we are planning to release in the next 10
        days for subscribers. A full production release is scheduled in January of
        next year.



        Vince
        Vince B.NinjaTrader Customer Service

        Comment

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