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ATM Strategy Assistance


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ATM Strategy Assistance

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  #1 (permalink)
TraderJoe0410
Eagle Rock
 
 
Posts: 23 since May 2011
Thanks: 24 given, 12 received

Good morning everyone,

I was wondering if you anyone help me create an ATM strategy that
has a profit target of +5 ticks with profit protection. What I want to accomplish to have a profit protection every after +5 ticks and a possible runner on the second contract when the price pops. For example, my entry is 98.00 then it goes to 98.05 i want a profit protection trigger at 98.05, then if the price reaches 98.10, I would then want a trailing stop to move at 98.10. I hope my description made sense. I do not want to keep hitting the close button once I'm up more than 5 ticks.

Always appreciate your assistance.

Thank you so much.


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  #2 (permalink)
 Fat Tails 
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TraderJoe0410 View Post
Good morning everyone,

I was wondering if you anyone help me create an ATM strategy that
has a profit target of +5 ticks with profit protection. What I want to accomplish to have a profit protection every after +5 ticks and a possible runner on the second contract when the price pops. For example, my entry is 98.00 then it goes to 98.05 i want a profit protection trigger at 98.05, then if the price reaches 98.10, I would then want a trailing stop to move at 98.10. I hope my description made sense. I do not want to keep hitting the close button once I'm up more than 5 ticks.

Always appreciate your assistance.

Thank you so much.

Your description is somewhat confusing, for example you do not mention the initial stop and also you cannot move your trailing stop to 98.10, when price reaches 98.10, but maybe to 98.05.

So let us first organize your strategy. I need to make some assumptions.


Assumptions

(1) You want to enter a position of two contracts (you mention a second contract) via a limit or a market order.

(2) You want to set an initial stop loss (although you don't mention it). For simplicity reasons, the initial stop shall be the same for both contracts. We will use an initial stop of 5 ticks.

(3) You want to set a target of 5 ticks for the first contract.

(4) You want to trail the stop for your second contract to breakeven + 1 tick, once the first target of 5 ticks is reached.

(5) When ever price moves in your favor more than 5 ticks, you want to trail the stop for the second contract by 5 ticks. For example, if price moves to 98.10, your stop will be moved to 98.05. If price moves to 98.15, you stop will be moved to 98.10, and so on.

Now that we have a description of what is intended, we can use the ATM manangement.


Implementation

Now you can use the SuperDOM to define your ATM strategy, First enter the strategy parameters:

Targets: 2 Target (different for first and second contract)
Qty: : 1 and 1 (1 contract each)
Stop loss: 5 ticks and 5 ticks (identical for both contracts)
Profit target: 5 ticks and 0 ticks (0 ticks means that you do not have an explicit target for the second contract)
Stop strategy: <None> and <Custom> (the first contract does not require a stop strategy, as you just have a target and a stop)

The settings can be seen in screenshot 1.

If you set the stop strategy to custom, another menu will open and you can enter the details of your trailing stop strategy for your second contract.

For the breakeven stop, we enter

profit trigger: ticks (when price has moved 5 ticks in your favor.....)
plus: 1 (the stop is trailed to breakeven + 1 tick)

For the Auto trail, we enter:

stop loss: 5 ticks (this is the trailing amount, when price reaches X, the stop will be set at X - 5 ticks)
frequency: 5 ticks (how often the trailing stop is adjusted, if you adjust it with every ticks you will pay a lot of order fees)
profit trigger: 10 (this is the first target that activates your trailing stop)

The custom settings can be seen in screenshot 2:

Note that at +5 ticks the breakeven stop is activated for the second contract. At +10 ticks the trailing stop is activated and will set the first stop at + 5 ticks.


Save your ATM strategy

Once the custom settings have been entered you select OK and can then save your strategy by right clicking on the ATM Strategy field -> Manage ATM Strategy Templates ....

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  #3 (permalink)
TraderJoe0410
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Posts: 23 since May 2011
Thanks: 24 given, 12 received


Thank you so much FatTails, I'll test out the settings that you described. I appreciate your detailed explanation, you've answered everything I needed to know.

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 Big Mike 
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TraderJoe0410 View Post
Thank you so much FatTails, I'll test out the settings that you described. I appreciate your detailed explanation, you've answered everything I needed to know.

Say thanks



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  #5 (permalink)
 bobarian 
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Fat Tails View Post
Your description is somewhat confusing, for example you do not mention the initial stop and also you cannot move your trailing stop to 98.10, when price reaches 98.10, but maybe to 98.05.

So let us first organize your strategy. I need to make some assumptions.


Assumptions

(1) You want to enter a position of two contracts (you mention a second contract) via a limit or a market order.

(2) You want to set an initial stop loss (although you don't mention it). For simplicity reasons, the initial stop shall be the same for both contracts. We will use an initial stop of 5 ticks.

(3) You want to set a target of 5 ticks for the first contract.

(4) You want to trail the stop for your second contract to breakeven + 1 tick, once the first target of 5 ticks is reached.

(5) When ever price moves in your favor more than 5 ticks, you want to trail the stop for the second contract by 5 ticks. For example, if price moves to 98.10, your stop will be moved to 98.05. If price moves to 98.15, you stop will be moved to 98.10, and so on.

Now that we have a description of what is intended, we can use the ATM manangement.


Implementation

Now you can use the SuperDOM to define your ATM strategy, First enter the strategy parameters:

Targets: 2 Target (different for first and second contract)
Qty: : 1 and 1 (1 contract each)
Stop loss: 5 ticks and 5 ticks (identical for both contracts)
Profit target: 5 ticks and 0 ticks (0 ticks means that you do not have an explicit target for the second contract)
Stop strategy: <None> and <Custom> (the first contract does not require a stop strategy, as you just have a target and a stop)

The settings can be seen in screenshot 1.

If you set the stop strategy to custom, another menu will open and you can enter the details of your trailing stop strategy for your second contract.

For the breakeven stop, we enter

profit trigger: ticks (when price has moved 5 ticks in your favor.....)
plus: 1 (the stop is trailed to breakeven + 1 tick)

For the Auto trail, we enter:

stop loss: 5 ticks (this is the trailing amount, when price reaches X, the stop will be set at X - 5 ticks)
frequency: 5 ticks (how often the trailing stop is adjusted, if you adjust it with every ticks you will pay a lot of order fees)
profit trigger: 10 (this is the first target that activates your trailing stop)

The custom settings can be seen in screenshot 2:

Note that at +5 ticks the breakeven stop is activated for the second contract. At +10 ticks the trailing stop is activated and will set the first stop at + 5 ticks.


Save your ATM strategy

Once the custom settings have been entered you select OK and can then save your strategy by right clicking on the ATM Strategy field -> Manage ATM Strategy Templates ....

hello, i was looking to do do a similar auto trail, but with 1 contract.when i order, i use a 8 tick stop loss.when price goes to +5 ticks, i want the trailing stop to start at break even,or zero.when price goes to +10, i want the stop to go to +5.when price goes to +15, i want the stop at +10.so , basically, once price goes to +5 ticks, i want to trail 5 ticks behind it incrementally

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  #6 (permalink)
 Fat Tails 
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bobarian View Post
hello, i was looking to do do a similar auto trail, but with 1 contract.when i order, i use a 8 tick stop loss.when price goes to +5 ticks, i want the trailing stop to start at break even,or zero.when price goes to +10, i want the stop to go to +5.when price goes to +15, i want the stop at +10.so , basically, once price goes to +5 ticks, i want to trail 5 ticks behind it incrementally

It is not easy to find out, where your sentences start and where they end, this makes it possible to interpret them in two ways. Correct spelling would really help here. As I have understood it:

DOM settings:


1 Target / Stop loss: 8 ticks / Profit target: 0 ticks (you don't have a profit target)/ Stop strategy: <Custom>

Stop Strategy Settings:

Auto breakeven:
Proft trigger: 5 ticks / Plus 0

Auto trail:
Stop loss: 5 ticks / Frequency 5 ticks / Profit trigger 10 ticks

Meaning is that stop loss is set to break even, when position is 5 ticks in profit. Trailing stop is activated, when position reaches 10 ticks profits, trailing distance is 5 ticks, and the trailing frequency is every 5 ticks.

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 bobarian 
whitestone, new york
 
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Fat Tails View Post
It is not easy to find out, where your sentences start and where they end, this makes it possible to interpret them in two ways. Correct spelling would really help here. As I have understood it:

DOM settings:

1 Target / Stop loss: 8 ticks / Profit target: 0 ticks (you don't have a profit target)/ Stop strategy: <Custom>

Stop Strategy Settings:

Auto breakeven:
Proft trigger: 5 ticks / Plus 0

Auto trail:
Stop loss: 5 ticks / Frequency 5 ticks / Profit trigger 10 ticks

Meaning is that stop loss is set to break even, when position is 5 ticks in profit. Trailing stop is activated, when position reaches 10 ticks profits, trailing distance is 5 ticks, and the trailing frequency is every 5 ticks.


that sounds right fat tails.sorry for the lousy typing, its a bad habit.i think what you typed was correct.A hard stop loss of 8 ticks.When price goes to plus 5, the strategy kicks in, and my stop goes to breakeven.when price goes to plus 10, the profit stop goes to plus 5.when price goes to plus 15, the profit stop goes to plus 10. The profit stop bumps up 5 ticks every time price goes another plus 5

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  #8 (permalink)
 bobarian 
whitestone, new york
 
Experience: Intermediate
Platform: ninja trader
 
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Posts: 1,995 since Oct 2010
Thanks: 5,255 given, 3,109 received


bobarian View Post
that sounds right fat tails.sorry for the lousy typing, its a bad habit.i think what you typed was correct.A hard stop loss of 8 ticks.When price goes to plus 5, the strategy kicks in, and my stop goes to breakeven.when price goes to plus 10, the profit stop goes to plus 5.when price goes to plus 15, the profit stop goes to plus 10. The profit stop bumps up 5 ticks every time price goes another plus 5


thanx fat tails, that did the trick..much appreciated..people like you on the forum are invaluable.i know we are all supposed to do our own work, and figure this stuff out on our own, and i usually do.I just got back from vacation, its been very hectic, so i reached out, to save time.thanks again!!

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  #9 (permalink)
 Felix trader 
California - USA/Rio grande do sul-Brasil.
 
Experience: Intermediate
Platform: tradestation, ninja trader
Trading: Futuros
 
Posts: 88 since Apr 2011
Thanks: 851 given, 23 received


Fat Tails View Post
Your description is somewhat confusing, for example you do not mention the initial stop and also you cannot move your trailing stop to 98.10, when price reaches 98.10, but maybe to 98.05.

So let us first organize your strategy. I need to make some assumptions.


Assumptions

(1) You want to enter a position of two contracts (you mention a second contract) via a limit or a market order.

(2) You want to set an initial stop loss (although you don't mention it). For simplicity reasons, the initial stop shall be the same for both contracts. We will use an initial stop of 5 ticks.

(3) You want to set a target of 5 ticks for the first contract.

(4) You want to trail the stop for your second contract to breakeven + 1 tick, once the first target of 5 ticks is reached.

(5) When ever price moves in your favor more than 5 ticks, you want to trail the stop for the second contract by 5 ticks. For example, if price moves to 98.10, your stop will be moved to 98.05. If price moves to 98.15, you stop will be moved to 98.10, and so on.

Now that we have a description of what is intended, we can use the ATM manangement.


Implementation

Now you can use the SuperDOM to define your ATM strategy, First enter the strategy parameters:

Targets: 2 Target (different for first and second contract)
Qty: : 1 and 1 (1 contract each)
Stop loss: 5 ticks and 5 ticks (identical for both contracts)
Profit target: 5 ticks and 0 ticks (0 ticks means that you do not have an explicit target for the second contract)
Stop strategy: <None> and <Custom> (the first contract does not require a stop strategy, as you just have a target and a stop)

The settings can be seen in screenshot 1.

If you set the stop strategy to custom, another menu will open and you can enter the details of your trailing stop strategy for your second contract.

For the breakeven stop, we enter

profit trigger: ticks (when price has moved 5 ticks in your favor.....)
plus: 1 (the stop is trailed to breakeven + 1 tick)

For the Auto trail, we enter:

stop loss: 5 ticks (this is the trailing amount, when price reaches X, the stop will be set at X - 5 ticks)
frequency: 5 ticks (how often the trailing stop is adjusted, if you adjust it with every ticks you will pay a lot of order fees)
profit trigger: 10 (this is the first target that activates your trailing stop)

The custom settings can be seen in screenshot 2:

Note that at +5 ticks the breakeven stop is activated for the second contract. At +10 ticks the trailing stop is activated and will set the first stop at + 5 ticks.


Save your ATM strategy

Once the custom settings have been entered you select OK and can then save your strategy by right clicking on the ATM Strategy field -> Manage ATM Strategy Templates ....


Hello Fat Tails,

I was reading your previous posts and trying to adapt it to my strategies, and I couldn't really do it. Could you help me with that please?

I’ll use 3 contracts.

Stop loss: 8/8/8
Profit Targets: 1st target 6ticks
2nd and 3rd, trailin stop

Now, the stop strategies:

The 1st contract I’ll take out with the 6 ticks and the 8 tick stop, so no stop strategies on this one.

2nd contract and 3rd :

Break Even + 1 when it buys the 1st contract on 6 ticks
Break Even +5 when it reaches 10 ticks on profit, but then the frequency on 1 tick, like when it goes to 11 ticks on my favor, the stop will move one tick, like doing kind of a “squeeze”.

I’ll tried to do it, but couldn’t, something goes wrong on the middle of the process.

Thank you a lot,
Felix.

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  #10 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
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Felix trader View Post
Hello Fat Tails,

I was reading your previous posts and trying to adapt it to my strategies, and I couldn't really do it. Could you help me with that please?

I’ll use 3 contracts.

Stop loss: 8/8/8
Profit Targets: 1st target 6ticks
2nd and 3rd, trailin stop

Now, the stop strategies:

The 1st contract I’ll take out with the 6 ticks and the 8 tick stop, so no stop strategies on this one.

2nd contract and 3rd :

Break Even + 1 when it buys the 1st contract on 6 ticks
Break Even +5 when it reaches 10 ticks on profit, but then the frequency on 1 tick, like when it goes to 11 ticks on my favor, the stop will move one tick, like doing kind of a “squeeze”.

I’ll tried to do it, but couldn’t, something goes wrong on the middle of the process.

Thank you a lot,
Felix.

Could you please post the following?

- your DOM with the 3 targets
- the stop strategy for the second contract
- the stop strategy for the third contract

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  #11 (permalink)
 Felix trader 
California - USA/Rio grande do sul-Brasil.
 
Experience: Intermediate
Platform: tradestation, ninja trader
Trading: Futuros
 
Posts: 88 since Apr 2011
Thanks: 851 given, 23 received


Fat Tails View Post
Could you please post the following?

- your DOM with the 3 targets
- the stop strategy for the second contract
- the stop strategy for the third contract

Fat Tails,

I'm not currently using anything cause it didn't worked when I've tried.
Just using simple strategies with out trail and break even

Thank you for any kind of help that you could provide me.

Felix

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  #12 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
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Felix trader View Post
Fat Tails,

I'm not currently using anything cause it didn't worked when I've tried.
Just using simple strategies with out trail and break even

Thank you for any kind of help that you could provide me.

Felix

Did you take the time to watch the NinjaTrader Tutorials on Advanced Strategies?

You will find them here:

NinjaTrader Version 7

Then go to video library -> advanced trade management (ATM)

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  #13 (permalink)
 Felix trader 
California - USA/Rio grande do sul-Brasil.
 
Experience: Intermediate
Platform: tradestation, ninja trader
Trading: Futuros
 
Posts: 88 since Apr 2011
Thanks: 851 given, 23 received


Fat Tails View Post
Did you take the time to watch the NinjaTrader Tutorials on Advanced Strategies?

You will find them here:

NinjaTrader Version 7

Then go to video library -> advanced trade management (ATM)

I've studie all of them, I just didnt done it on the right way, so I've send a email to technical support and they gave me the solution.

Thanks,
Felix

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