I have an ATM Strategy integrated with a Ninjascript strategy and I'm trying to move my stops and targets both long and short. (not at the same time, obviously).. I know that with a one stop one target ATM on the long side the profit target is called "Target1" and the long side stop loss is called "Stop1". I also know that Long side "Target1" coincides with the limit price in the method code, and the long side "stop1" is the stop price in said code.
On the short side, the profit target is "target1" and should be the stop price in the method code correct? and I would set it as something like (Close[1] -5*tickSize) to make sure that Im not trying to set the target price higher than the current price?
And the stop target "stop1" should be the limit price which would be written like (Close[1] + 5*tickSize)?
Hopefully that makes sense.
On the short side, the profit target is "target1" and should be the stop price in the method code correct? and I would set it as something like (Close[1] -5*tickSize) to make sure that Im not trying to set the target price higher than the current price?
And the stop target "stop1" should be the limit price which would be written like (Close[1] + 5*tickSize)?
Hopefully that makes sense.
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