ninjatrader reversal break even strategy - futures io
futures io futures trading



ninjatrader reversal break even strategy


Discussion in NinjaTrader

Updated
    1. trending_up 1,684 views
    2. thumb_up 5 thanks given
    3. group 2 followers
    1. forum 1 posts
    2. attach_file 1 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

ninjatrader reversal break even strategy

(login for full post details)
  #1 (permalink)
Orlando FL
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES 6E
 
drunkcolonel's Avatar
 
Posts: 21 since Jul 2011
Thanks: 104 given, 10 received

Hi all, I was hoping someone could point me in the right direction as I'm trying to figure out if this trading methodology is viable. Using ninjatrader I want to trade 2 contracts. Upon entry both contracts have a stop loss of 4 ticks. The first contract has a profit target of 3 ticks of which it practically always hits. What I want to do is if the first profit target is hit, move the second contracts stop to break even. This way if the move does happen to reverse on me essentially the trade scratches (minus commissions of course) so essentially contract 1 gains cancel out contract two's reversal. This way if I'm "wrong" its more or less a scratch, but when I'm right I'm in the money. Is there a way to do this in ninjatrader through the ATM strategy dialog boxes? Or is this something I would have to code? Thanks for any help!

Visit my futures io Trade Journal Started this thread Reply With Quote

 
 
(login for full post details)
  #2 (permalink)
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,338 received


drunkcolonel View Post
Hi all, I was hoping someone could point me in the right direction as I'm trying to figure out if this trading methodology is viable. Using ninjatrader I want to trade 2 contracts. Upon entry both contracts have a stop loss of 4 ticks. The first contract has a profit target of 3 ticks of which it practically always hits. What I want to do is if the first profit target is hit, move the second contracts stop to break even. This way if the move does happen to reverse on me essentially the trade scratches (minus commissions of course) so essentially contract 1 gains cancel out contract two's reversal. This way if I'm "wrong" its more or less a scratch, but when I'm right I'm in the money. Is there a way to do this in ninjatrader through the ATM strategy dialog boxes? Or is this something I would have to code? Thanks for any help!

I think this should work.


Reply With Quote
The following 5 users say Thank You to monpere for this post:


futures io Trading Community Platforms and Indicators NinjaTrader > ninjatrader reversal break even strategy


Last Updated on August 2, 2012


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Importance of Finding Your Own Way w/Adam Grimes

Elite only
 

Journal Challenge w/Jigsaw

April
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts