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Improve Trade Management with ATM
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Improve Trade Management with ATM

  #1 (permalink)
Elite Member
Detroit, Michigan
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: Futures
 
Posts: 295 since Nov 2011
Thanks: 339 given, 280 received

Improve Trade Management with ATM

I am looking to improve my trade management (or over-management) by getting out of my own way so to speak through the use of ATMs on Ninja - mostly scalping 10-15 ticks. I've looked at a few ATM related threads but didn't see exactly what I seek.

If anyone would like to share the ATM strategies they are using to better manage their trades and the logic behind the strategy. It also would be helpful if you post screenshots of the ATM strategies - target and stop.

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Northern Germany
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: FDAX, CL
 
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TrendTraderBH View Post
I am looking to improve my trade management (or over-management) by getting out of my own way so to speak through the use of ATMs on Ninja - mostly scalping 10-15 ticks. I've looked at a few ATM related threads but didn't see exactly what I seek.

If anyone would like to share the ATM strategies they are using to better manage their trades and the logic behind the strategy. It also would be helpful if you post screenshots of the ATM strategies - target and stop.

I use ATMs a lot. My standard-ATM is:
SL-20
T1 20
T2 40
T3 60
T2 BE+1 at 20
T3 BE+1 at 40

This is what I get when I enter a trade, but I am adjusting the orders as needed after entry, tighten stop to where I want it, as -20 is my max hard stop risk threshold, tightening or extending targets and all of that.
So I don't use the ATM for entering fire and forget trades.
I rather have the ATM to immediately give me all orders I want anyways and then I go and adjust them to my needs/market context.

vvhg

Hic Rhodos, hic salta.
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  #4 (permalink)
Market Wizard
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,726 since Oct 2009
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You might want to check these two commercial products:

Risk manager:
Risk Manager v2 | Position Sizing | NinjaTrader Indicator - YouTube

Profit manager:
Profit Manager V2 | Trailing Stop | Ninja Trader Indicator - YouTube

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  #5 (permalink)
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Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
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TrendTraderBH View Post
I am looking to improve my trade management (or over-management) by getting out of my own way so to speak through the use of ATMs on Ninja - mostly scalping 10-15 ticks. I've looked at a few ATM related threads but didn't see exactly what I seek.

If anyone would like to share the ATM strategies they are using to better manage their trades and the logic behind the strategy. It also would be helpful if you post screenshots of the ATM strategies - target and stop.


You should specify your stop/target management management details, and someone might be able to help you set it up as an ATM. Remember that ATM's have limited use, and can only do rather basic auto trade management. For more complex stop/target management, you may have to custom code it using NinjScript.

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  #6 (permalink)
Elite Member
Detroit, Michigan
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: Futures
 
Posts: 295 since Nov 2011
Thanks: 339 given, 280 received

Looking for a bit more input here.

My style is scalper - most taking anywhere from 6 ticks to 15 ticks on trades.

Based on those targets and trading CL and GC what trailing stop amount would work best and at what point should it be engaged?

Thanks all!

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