ATM or Sample Code...

[brettcombs]

Hello,

If I have a normal practice of purchasing 1 contract at a price of X,
and as/if it retraces exactly 1 point, I want to purchase 2
contracts. Then, if it retraces another point, I want to purchase 4 contracts.

Is this something I can do in an ATM? Alternatively, is this
something that can be programmed? If so, is it a complex programming task? Sample code would be appreciated.

Tnx,
Brett

[NinjaTrader_Ray]

You could do this manually with an ATM strategy. This can also be custom programmed but unfortunately we do not have a reference sample for this.

[brettcombs]

Ray,

Can you provide an example of how to accomplish this using an ATM?

Brett

[NinjaTrader_Jessica]

Hello Brett,

You will need to scale in manually at the price points by clicking the Market button, but you can set your scale in quantity via the SuperDOM properties menu.

[brettcombs]

This is a simple market entry with brackets.

We want the entire process to be automated from the point of the 1st entry with 1 contract, with auto entries 1 point away with 2 contracts, 2 points away with 4 contracts, 3 points away with 8 contracts and 5 points away with 16 contracts. This can likely only be done with writing something in NT code.

Pse get us on the right track so we know how to proceed.

[NinjaTrader_Ray]

It is not possible to automate scaling in via an ATM strategy. You can place your initial entry order which submits stops and targets upon a fill. Subsequently, you can scale by *manually* placing limit orders below your average entry price.

If you want to automate, then this must be done using NinjaScript. We do not have a reference sample available for this at this time but there is enough reference samples and tutorials available to get you started in the right direction. It will require some effort on your part.

You could also use one of our NinjaScript consultants if you do not wish to do the programming yourself.

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