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Please Help clear this up..........

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    Please Help clear this up..........

    The question is this......... If I trade 2 contracts and I take the First contract off at +2 ticks ( Then that = $50 profit, correct ? ). If so,wouldn't moving my stop to -4 ticks behind my Entry price on a Long trade put me at BreakEven ? So that if on my second contract that it PullBacks on me to -4 , that i'll be out at Breakeven / a wash ?? Thanks again as always for the help - Mike

    #2
    Hello mdsvtr,

    Thank you for your post.

    If you sell one contract at 2 ticks in profit this will depend on what each tick is worth for the contract you are trading. For example 2 ticks in the ES will be $25.

    I have provided screen shots below of a strategy similar to what you have described.

    The 1st Target has a Stop Loss of 4 Ticks and a Profit Target of 2 Ticks.

    The 2nd Target has a Stop Loss of 4 Ticks and no Profit Target. Within the Stop Strategy once the 1st Target price has been reached at 2 Ticks the Stop Loss will move to Breakeven.

    I have provided a link below to our Help Guide that goes over ATM Strategy Parameters.

    http://www.ninjatrader-support.com/H...nStrategy.html

    I have also provided a link below to our Help Guide that goes over the Auto Breakeven feature.

    http://www.ninjatrader-support.com/H...Breakeven.html


    Please let me know if I may be of further assistance.
    Attached Files
    Christopher J.NinjaTrader Customer Service

    Comment


      #3
      Thank you.........

      very the swift and quick reply, site is great - Mike

      Comment

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