ATM Strategy Configuration

[simjs]

Hello Support,

I have 3 positions like below:-

Position 1 - Risk 1R and Profit 2R
Position 2 - Risk 1R and Profit 3R
Position 3 - Risk 1R and Profit 4R

When market move in my direction and profit reach 2R, stop loss move to break even. Stop will remain at breakeven, even market moved to 3R.

Please let me know how to configure the above.

I look forward to your reply.

Thank.

[NinjaTrader_Kate]

Hello simjs,

Thank you for your post.

What parameter type are you using for your ATM? Currency, Price, Ticks, Pips, or Percent?

I'm also unclear as what you mean by 1R, 2R, and so on. Could you please clarify?

Thanks in advance; I look forward to assisting you further.

[simjs]

Hello Kate,

I am using ticks. R is risk and reward.

For example :-


Position 1 - Risk 10ticks and Profit 20ticks
Position 2 - Risk 10ticks and Profit 30ticks
Position 3 - Risk 10ticks and Profit 40ticks

When market move in my direction and profit reach 20ticks, stop loss move to break even. Stop will remain at breakeven, even market moved to 30ticks.

Please let me know how to configure the above.

I look forward to your reply.

Thank.

[NinjaTrader_Kate]

Hello simjs,

Thank you for your clarification.

I've included screenshots of how to set this up below:




What this would do is exactly what you've described. All stop losses for all three are initially sent to 10 ticks below the entry price. At 20 ticks in profit, the first trade will be exited and the stops for the other two would move to breakeven.

Here is a link to our help guide on ATM strategies:

https://ninjatrader.com/support/helpGuides/nt8/en-us/advanced_trade_management_atm.htm

Please let us know if we may be of further assistance to you.

[lpceruninj]

Hello Kate,

I also have a special ATM configuration to do, if you can assist me.
I would like to :
1 position of 2 contracts with 5 targets (no pyramid exit)
1 stop loss at 10 ticks
a trailing stop at +2 ticks above the entry price when the price reaches +12 ticks
then trailing stops every 12 ticks. I.e. when the price rises, as soon as the 12th tick is reached the profit jumps to +12 ticks.

Thanks in advance.

[NinjaTrader_Jim]

Hello, Kate is out of the office today, but she should be back tomorrow to review.

Thanks for your patience.

[NinjaTrader_Kate]

Hello Kate,

I also have a special ATM configuration to do, if you can assist me.
I would like to :
1 position of 2 contracts with 5 targets (no pyramid exit)
1 stop loss at 10 ticks
a trailing stop at +2 ticks above the entry price when the price reaches +12 ticks
then trailing stops every 12 ticks. I.e. when the price rises, as soon as the 12th tick is reached the profit jumps to +12 ticks.

Thanks in advance.

Hello Ipceruninj,

Thank you for your reply.

Just as a heads up, this is a pretty old thread started by another user and sometimes we can't see these really old threads reopening in our queues. If it's an older topic, it's often best to create your own thread for the quickest reply, as that would be picked up by the first available tech.

That being said, can you clarify exactly the behavior you want here? You can't have 5 targets for 2 contracts. The maximum number of profit targets for 2 contracts would be 2 profit targets. At what levels would you want the targets to exit each contract?

Thanks in advance; I look forward to assisting you further.