ATM Strategey

[sukhsan]

Hi,

Can someone help me to create this strategey

Suppose I bought 7 contracts e-mini S& P

Entry === 1300.00

Initial stop Loss === 1298.00 (8 tic from entry)

1st Target ===exit 3 cont. at 1301.00 (4 tic fromntry) === Stop Loss
same 1298.00 ( 8 tic from entry)

2nd Target === exit 2 cont. at 1302.00 (8 tic from entry) === stop loss
move to 1299.00 (4 tic from entry)

3rd Target === exit 1 cont. at 1303.00 (12 tic from entry) and
1 cont as runner with trailing stop of 12 ticks

I can do upto 2nd target but donot know how to set up 3rd target


Thanks

Sukhsan

[NinjaTrader_Jessica]

Thank you for your post.

• Please set the order quantity to 7.
• Set ATM Strategy to Custom
• First Target: Stop Loss=8, Profit Traget=4, Qty=3
• Second Target: Stop Loss=8, Profit Target=8, Qty=2, Stop Strategy=Custom, Break Even: Profit Trigger=8 and Plus=-4
• Third Target: Stop Loss=8, Profit Target=12, Qty=2, Stop Strategy=Custom, Break Even: Profit Trigger=8 and Plus=-4
• You can only have three targets in the ATM Strategy so you would need to have both of the contracts in Traget 3 exit at 12 ticks profit or set the profit target to zero so they both ride and you can manually scale one out at a time.
• If you are going to let them both ride just add an Auto Trail to your Target 3 Stop Strategy. Proffit Trigger=12 Freq=1 and Stop=12

Thank you.

[sukhsan]

Thanks Jessica

Let me try on Sim

Sukhsan

[sukhsan]

Hi Jessica,

As you mention I tried to run the Strat. but 3rd target filled on the same price,the 3rd target didnot ride
I have in 3 target qty=2,Stoploss=8,Profit target = 12 and in custom(Auto trail) I put stop loss=12,frequency =1 and profit trigger =12

Sukhsan

[NinjaTrader_Jessica]

Please make the profit target on your 3rd target zero. Now both of your contracts will ride until stopped out or until you scale one or both out.

Again you can only have three targets so you will have to have these contracts end at the same profit target (profit target=12) or ride until you manually scale them out (profit target=0).