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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.
Can you help answer these questions from other members on NexusFi?
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.
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.
