Confused about autotrail setting

[rt8080]

Hi, I'm a bit confused about setting the autotrail.

I'm setting up a 3-stage auto with ONE contract:

(1) Initial stop loss:
upon entering the trade, put a 20 ticks stop loss
(2) Auto breakeven
when the trade has 8 ticks in profit, move the stop loss to breakeven

(3) Auto trail

(3a) 1-step
when the trade has 20 ticks in profit, move the stop loss to 12 ticks back and repeat every 8 ticks

(3b) 2-step
when the trade has 28 ticks in profit, move the stop loss to 24 ticks back and repeat every 4 ticks

(3c) 3-step
when the trade has 32 ticks in profit, move the stop loss to 30 ticks back and repeat every 2 ticks

The result I got was different from what I expected.

I long ONE ES at 1817.5

- The initial stop loss is OK
- Breakeven is OK
- AutoTrail: All the limit prices are at least 1 point below what I thought.

Step 1: when the trade has 20 ticks profit, 1822.5,
I want the stop loss price = 1820.5 (12 ticks back from my entry price).
But the log in sim mode showed the new stop loss was 1819.5, ie 4 ticks below my idea stop

Step 2: when the trade has 28 ticks profit, 1824.5,
I want the stop loss price = 1823.5 (24 ticks back from my entry price).
But the log in sim mode showed the new stop loss was 1820, ie 2.5 points below my idea stop

Step 3: when the trade has 32 ticks profit, 1825.5,
I want the stop loss price = 1825 (30 ticks back from my entry price).
But the log in sim mode showed the new stop loss was 1820.5, ie 3 points below my idea stop

What went wrong in my setting?

Besides, how to set the default limit price once the stop price is hit? Currently it's set to 5 points.

Thanks.
[IMG]file:///C:/Users/RT/AppData/Local/Temp/moz-screenshot.jpg[/IMG][IMG]file:///C:/Users/RT/AppData/Local/Temp/moz-screenshot-1.jpg[/IMG]

[NinjaTrader_Ben]

Hello,

In your screen shot you are increasing the trailer stop loss. This will not work as expected. You can only decrease the stop loss size with each step. I suggest attending out free webinars on the DOM and ATM's:

http://www.ninjatrader.com/webnew/trading_online_events.htm

Also this link may help:

http://www.ninjatrader-support.com/HelpGuideV6/AutoTrail.html

[rt8080]

Thanks. Then my concept of autotrail is completely wrong.

Could you please suggest ways to structure the ATM, if I want to achieve the following?

Thanks.

[NinjaTrader_Jason]

Hello rt8080,

Could you please tell me in words how you like to stop strategy to function. Unfortunately it is not clear to me using the screenshot.

As per the Auto Trail, see the the example below.

Stop loss: 6
Frequency: 3
Profit trigger: 5

This means, once you have 5 ticks in profit, you r stop loss will be adjusted to 6 ticks behind the current market price. For every 3 ticks in profit, your stop loss will be re-adjusted to 6 ticks behind the market price of that moment.

[rt8080]

Thanks.

Say I long ES at 800 and

A. Set the initial stop loss 5 points below 800 and limit sell at 794

B. Once the last traded price gives me 3 points profit, ie 803, auto breakeven

C. Once the last traded price gives me 7 points profit, ie 807, reset the stop 4 points behind the last traded price, ie 803

D. Once the last traded price gives me 10 points profit, ie 810, reset the stop 3 points behind the last traded price, ie 807

E. Once the last traded price gives me 12 points profit, ie 812, reset the stop 2 points behind the last traded price, ie 810

F. From then on, move the stop up 2 points behind the last traded price whenever the last traded price moves up every 2 points

Thanks.

[NinjaTrader_Jason]

ATM strategy:
Stop loss: 20
Profit trigger: ???

Will the 'limit sell at 794' represent your profit target? If so, it is not possible to submit your profit target below your entry price when you go long.


Auto Breakeven:
Profit trigger: 12 (4 ticks per point)
Plus: 0


Auto Trail

Target 1:
Stop loss: 4
Frequency: 9999
Profit trigger: 28

Target 2:
Stop loss: 3
Frequency: 9999
Profit trigger: 40

Target 3:
Stop loss: 2
Frequency: 2
Profit trigger: 48