ATM Strategy "Double-Down"

[bseb99]

Is it possible to do the following within an ATM Strategy???

-- suppose a long market order or a limit order is placed. The order is entered at say, 17260., the Break Even (BE) point.

--The profit target is set at a variable (5) ticks above the BE point.

-- Another Buy Stop order is placed at a variable (7) ticks below the BE point, at the original order quantity (1).

--The Stop loss is set at a variable (10) ticks below the BE point.


If the Buy Stop order is hit:

-- All quantities change to 2x the original order quantity.

--The profit target is moved down to BE + a +/-variable.

--The Stop loss holds the original position but its quantity has doubled.

[NinjaTrader_PatrickH]

Hello bseb99,

Thank you for your post and welcome to the NinjaTrader Support Forum!

This is not possible within an ATM Strategy but would be possible through custom programming an automated strategy in NinjaScript (NinjaTrader's programming language based on C#).

If you would like to take on learning NinjaScript, we have a fully documented help guide which will help you get started with Ninja Script. You will find language references to all of the methods and functions you will be using. You will also see a tutorial section which will help you create your first indicator and get you started with some of these concepts.
A link to our Help Guide can be found below: http://www.ninjatrader.com/support/h...stribution.htm

I am also linking you to the Educational Resources section of the Help Guide to help you get started with NinjaScript: http://www.ninjatrader.com/support/h..._resources.htm

You will find Reference Samples online as well as some Tips and Tricks for both indicators and strategies:
Click here to see our NinjaScript Reference Samples: http://www.ninjatrader.com/support/f...splay.php?f=30
Click here to see our NinjaScript Tips: http://www.ninjatrader.com/support/f...ead.php?t=3229

These samples can be downloaded, installed and modified from NinjaTrader and hopefully serve as a good base for your custom works.

There is a also a growing library of user submitted custom indicators (100+) that can be downloaded from our support form. Please look in the NinjaScript File Sharing section of our support forum as you may find what you are looking for there: http://www.ninjatrader.com/support/f...splay.php?f=37

Please let me know if you have any questions.