Auto Strategy and Multiple Orders

[Newtrader101]

Hello,
When I place an auto strategy, and decide to place another order at a different price (say 4 ticks away), my second order sl and tp levels are at the same location and do not adjust for the second order. Can you tell me why?

[NinjaTrader_Ariana]

Hello Newtrader101,

Thank you for your post.

To clarify, are you referring to an ATM Strategy or an Automated Strategy?

I look forward to your reply.

[Newtrader101]

An ATM Strategy, when I add another order using one of my ATM strategies I created, NT8 only adds to my existing order I placed first and at the same location instead of and new bracket order.

[NinjaTrader_Ariana]

Hello Newtrader101,

Thank you for clarifying.

It seems that you have the ATM strategy selection mode set to "Select active ATM Strategy on order submission". This mode is designed for traders who want the existing strategy Stop Loss and Profit Targets to be automatically amended when they scale into or out of a position being managed by an ATM Strategy by default.

To always create a new set of Stop Loss and Profit Target brackets (new ATM Strategy) with each new order placed, you will need to have "Keep Selected ATM Strategy Template on Order Submission" selected in the selection mode.

Please follow the steps to achieving this:

1. In the Chart Trader window, right click on the Chart Trader selection of the window to retrieve the right click menu.
2. Then select properties.
3. In the Chart Trader Properties window, there will be a setting "ATM strategy selection mode.
4. Click the drop down and select "Keep Selected ATM Strategy Template on Order Submission".
5. Click Apply, then close the window.

I have linked a page from our Help Guide to further assist:

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

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

[Newtrader101]

That worked, thank you for your help.