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ATM reverse strategy

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    ATM reverse strategy

    Hi - I'm new to NT, so forgive me if this is basic!

    My ATM strategy is as follows:

    - LONG or SHORT when I click a button
    - Initial SL = 10 points
    - Raise SL to +5 points when +10 points in profit

    However, is it possible to add a "Reverse" button to the DOM Trader, so that if I am currently in a long position but I am not happy with the way the trade is going, I can click the Reverse button and:

    1. My Long position is closed, then
    2. After 1. has closed, a Short position is opened with the same SL rules

    Many thanks,
    Alex

    #2
    On the SuperDOM there is a button called "REV" that does exactly what you want. The button is right above where you tell the SuperDOM which instrument to look at.
    JoshNinjaTrader Customer Service

    Comment


      #3
      Thank you Josh.

      1. I assume the LONG position is closed first before opening SHORT? Sorry for being basic, but quite important as you appreciate!

      Can anyone give me any guidance on how to code in the ATM:

      - Initial SL = 10 points
      - Raise SL to +5 points when +10 points in profit

      Alex

      Comment


        #4
        Re: ATM reverse strategy

        Hello Alex,

        Correct. The long position is closed first before you open a short position when using the REV-button.

        Enter the following parameters to create your suggested ATM Strategy:

        ATM Strategy:
        Stop loss: 10

        Stop Strategy:

        Auto Breakeven
        Profit Trigger: 10
        Plus: 5
        JasonNinjaTrader Customer Service

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          #5
          Thanks once again.

          To automatically sell half my position at 10 points, what would I do?

          Alex
          Last edited by ali_chambers; 10-08-2007, 09:02 AM.

          Comment


            #6
            Re: ATM reverse strategy

            You can submit a profit target along with your ATM Strategy. Since you like to sell only half, you will have to use an ATM Strategy with 2 targets. For example:

            This example will use a total of 4 contracts:

            ATM Strategy:

            target 1
            Qty: 2
            Stop loss: 10
            Profit target: 10

            Stop Strategy:
            Auto Breakeven
            Profit Trigger: 10
            Plus: 5


            target 2
            Qty: 2
            Stop loss: 10

            Stop Strategy:
            Auto Breakeven
            Profit Trigger: 10
            Plus: 5

            Once you hit 10 ticks in profit the following will happen:
            - Stop loss will move up to +5
            - Profit target of target 1 will sell you 2 contracts

            You still be in the trade for 2 contracts.
            JasonNinjaTrader Customer Service

            Comment

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