Input ATM rules into a Strategy

[wallstreetkid]

I want to be able to essentially write ATM rules into a strategy as follows:
5 ticks in favor move stop to -7
10 ticks in favor move stop to -5
15 ticks in favor move stop to Break Even +1

Does anyone know the code needed to write that? Thanks for the help!!

Marc

[NinjaTrader_ChelseaB]

Hello wallstreetkid,

Thanks for your note.

I am linking an official reference sample that I believe will help you toward your goal. In this reference sample, the author moves the stop loss as you wanting to. The script is called SamplePriceModification.

Below is a link to the SamplePriceModification reference sample.
http://www.ninjatrader.com/support/f...ead.php?t=3222


Please let me know if you need assistance after reviewing this script.

[wallstreetkid]

This is helpful. However it just shows how to make something move to breakeven. How do I write script that allows it to move to +5 or -5 after its moves a certain amount?? Thanks for the help.

Marc

[koganam]

This is helpful. However it just shows how to make something move to breakeven. How do I write script that allows it to move to +5 or -5 after its moves a certain amount?? Thanks for the help.

Marc

In exactly the same manner. Instead of moving to breakeven, you move to (breakeven - 5 ticks) etc.

[wallstreetkid]

But what do I write?

[NinjaTrader_PatrickH]

Hello Marc,

Thank you for your response.

5 ticks in favor move stop to -7 would be the following:

if(Close[0] > Position.AvgPrice + (5 * TickSize))
{
SetStopLoss(CalculationMode.Price, Position.AvgPrice - (7 * TickSize));
}

10 ticks in favor move stop to -5 would be the following:

if(Close[0] > Position.AvgPrice + (10 * TickSize))
{
SetStopLoss(CalculationMode.Price, Position.AvgPrice - (5 * TickSize));
}

15 ticks in favor move stop to Break Even +1 would be the following:

if(Close[0] > Position.AvgPrice + (10 * TickSize))
{
SetStopLoss(CalculationMode.Price, Position.AvgPrice + (1 * TickSize));
}

Please let me know if I may be of further assistance.

[sledge]

I have never done it, but if you set up an ATM, I believe you can use it in your strategy.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?atmstrategycreate.htm

http://www.bigmiketrading.com/ninjatrader-programming/11067-ninjatrader-advanced-trade-management-trading-using-script-strategy.html

I want to be able to essentially write ATM rules into a strategy as follows:
5 ticks in favor move stop to -7
10 ticks in favor move stop to -5
15 ticks in favor move stop to Break Even +1

Does anyone know the code needed to write that? Thanks for the help!!

Marc

[wallstreetkid]

Thank you very much for your help!

[carlosavellan]

Resetting SetStopLoss for Long and Short Positions

Chelsea,
Since we need to "reset" the SetStopLoss() function once my position goes flat (for non-fixed value stops). It works fine when I trade just one side (say long only), because when I am flat I set the stoploss below the current Low for instance. But when I wish to trade EnterShort I obviously get immediately stopped out. My question is:
How do I "reset" the SetStopLoss() function to make it work for potential Long and Short Positions?

Please advise.
Thanks!

[NinjaTrader_PatrickH]

Hello carlosavellan,

Thank you for your post.

When the position is flat set the stop loss using ticks, for example:

			if (Position.MarketPosition == MarketPosition.Flat)
			{
				SetStopLoss(CalculationMode.Ticks, stoplossticks);
			}

[carlosavellan]

Makes sense. Thanks.