NexusFi: Find Your Edge


Home Menu

 





ATM strategy without a stop loss order possible?


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one DrE6 with 4 posts (0 thanks)
    2. looks_two RichardHK with 3 posts (1 thanks)
    3. looks_3 shodson with 2 posts (2 thanks)
    4. looks_4 decs0057 with 2 posts (1 thanks)
      Best Posters
    1. looks_one sam028 with 3 thanks per post
    2. looks_two shodson with 1 thanks per post
    3. looks_3 decs0057 with 0.5 thanks per post
    4. looks_4 RichardHK with 0.3 thanks per post
    1. trending_up 5,179 views
    2. thumb_up 7 thanks given
    3. group 4 followers
    1. forum 12 posts
    2. attach_file 0 attachments




 
Search this Thread

ATM strategy without a stop loss order possible?

  #1 (permalink)
 DrE6 
Germany
 
Experience: Advanced
Platform: Ninjatrader, Sierra Chart
Broker: DTN IQFEED, Continuum, ECN
Trading: FDAX, YM and Currency Futures, ECN-Forex, mainly 6E, 6B
Posts: 27 since Jun 2011
Thanks Given: 24
Thanks Received: 8

Hi Folks,

Is it possible to create an ATM strategy without a stop loss order in NT7?

Reason: In very fast scalping modes I need an ATM strategy only with a take profit order.

Very often I put the important stopp loss order earlier in the market to get a better time stamp for my SL order, to avoid high slippage.

Thanks

DrE6

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
Better Renko Gaps
The Elite Circle
REcommedations for programming help
Sierra Chart
MC PL editor upgrade
MultiCharts
Trade idea based off three indicators.
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
31 thanks
Spoo-nalysis ES e-mini futures S&P 500
28 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
20 thanks
GFIs1 1 DAX trade per day journal
17 thanks
  #3 (permalink)
 
shodson's Avatar
 shodson 
OC, California, USA
Quantoholic
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
Posts: 1,976 since Jun 2009
Thanks Given: 533
Thanks Received: 3,709



DrE6 View Post
Hi Folks,

Is it possible to create an ATM strategy without a stop loss order in NT7?

Reason: In very fast scalping modes I need an ATM strategy only with a take profit order.

Very often I put the important stopp loss order earlier in the market to get a better time stamp for my SL order, to avoid high slippage.

Thanks

DrE6

Just leave the stop loss field set to "0" and that should do it. Try it in SIM first to verify.

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #4 (permalink)
 RichardHK 
Hong Kong
 
Experience: Intermediate
Platform: NinjaTrader, TWS
Broker: IB/Kinetick
Trading: ES
Posts: 236 since Jan 2012
Thanks Given: 132
Thanks Received: 340


shodson View Post
Just leave the stop loss field set to "0" and that should do it. Try it in SIM first to verify.

C'mon... the original poster is also 'Advanced' and he's asking question cos a simple 'leave stop loss field set to 0' does not work. NT demands an entry. Oddly, if you enter 0 for profit target it will accept it, but when you run ATM it still enters a stop!

Try it in SIM to verify.

Richard
Hong Kong
Reply With Quote
Thanked by:
  #5 (permalink)
 DrE6 
Germany
 
Experience: Advanced
Platform: Ninjatrader, Sierra Chart
Broker: DTN IQFEED, Continuum, ECN
Trading: FDAX, YM and Currency Futures, ECN-Forex, mainly 6E, 6B
Posts: 27 since Jun 2011
Thanks Given: 24
Thanks Received: 8


shodson View Post
Just leave the stop loss field set to "0" and that should do it. Try it in SIM first to verify.

Hi Shodson,

Thank you for your quick response. However if I set the stop loss field to "0" in the ATM, I get the following warning from Ninatrader: "Missing stop loss 1 value". So it does not work to operate the ATM without a stopp loss value.

Do you have another solution?

Best Regards

DrE6

Started this thread Reply With Quote
  #6 (permalink)
 DrE6 
Germany
 
Experience: Advanced
Platform: Ninjatrader, Sierra Chart
Broker: DTN IQFEED, Continuum, ECN
Trading: FDAX, YM and Currency Futures, ECN-Forex, mainly 6E, 6B
Posts: 27 since Jun 2011
Thanks Given: 24
Thanks Received: 8


RichardHK View Post
C'mon... the original poster is also 'Advanced' and he's asking question cos a simple 'leave stop loss field set to 0' does not work. NT demands an entry. Oddly, if you enter 0 for profit target it will accept it, but when you run ATM it still enters a stop!

Try it in SIM to verify.

Hi Richard,

Thank you for your fast response, your description is absolutely right:

1. 'leave stop loss field set to 0' in the ATM does not work.' If you do so, you get the following warning from Ninatrader's ATM: "Missing stop loss 1 value". So it is not possible to operate the ATM without a stopp loss value.


2. If you enter "0" for profit target in the ATM it will accept it, but when you run ATM it still requires to enter a stop loss value higher than "0".

So has anybody an idea to solve this problem, maybe by an additional software script?

Best Regards

DrE6

Started this thread Reply With Quote
  #7 (permalink)
 decs0057 
Munich, Germany
 
Experience: Intermediate
Platform: NinjaTrader, TWS
Broker: IB, NinjaTrader Brokerage
Trading: ES,NQ,6E
Posts: 71 since Feb 2010
Thanks Given: 15
Thanks Received: 25


DrE6 View Post
Hi Richard,

Thank you for your fast response, your description is absolutely right:

1. 'leave stop loss field set to 0' in the ATM does not work.' If you do so, you get the following warning from Ninatrader's ATM: "Missing stop loss 1 value". So it is not possible to operate the ATM without a stopp loss value.


2. If you enter "0" for profit target in the ATM it will accept it, but when you run ATM it still requires to enter a stop loss value higher than "0".

So has anybody an idea to solve this problem, maybe by an additional software script?

Best Regards

DrE6

Set stop loss to big value, it is possible to create stop loss order with Account.CreateOrder
but what if stop loss is filled before ATM entry order is filled ?

Reply With Quote
Thanked by:
  #8 (permalink)
 
sam028's Avatar
 sam028 
Site Moderator
 
Posts: 3,765 since Jun 2009
Thanks Given: 3,825
Thanks Received: 4,629


RichardHK View Post
C'mon... the original poster is also 'Advanced' and he's asking question cos a simple 'leave stop loss field set to 0' does not work. NT demands an entry. Oddly, if you enter 0 for profit target it will accept it, but when you run ATM it still enters a stop!

Try it in SIM to verify.

It's"Advanced" for "Trading Experience", not in manipulating trading software, nor a specific trading software like NT, nor a specific function (ATM) of this software.
In this case, the stop loss parameter in the ATM has to be large enough to never been touched that's all.

Success requires no deodorant! (Sun Tzu)
Follow me on Twitter Reply With Quote
Thanked by:
  #9 (permalink)
 DrE6 
Germany
 
Experience: Advanced
Platform: Ninjatrader, Sierra Chart
Broker: DTN IQFEED, Continuum, ECN
Trading: FDAX, YM and Currency Futures, ECN-Forex, mainly 6E, 6B
Posts: 27 since Jun 2011
Thanks Given: 24
Thanks Received: 8


decs0057 View Post
Set stop loss to big value, it is possible to create stop loss order with Account.CreateOrder
but what if stop loss is filled before ATM entry order is filled ?


Dear decs0057,

you are right, a minor risk exist, that the stop loss order is filled before the ATM order is filled but with respect to my setup that would still be an acceptable risk. The best solution, of course, would be, if the limit order and the stop loss order are placed at the same time.. Does there exist a solution for something like this?

You mentioned "Account.CreateOrder", I could not find detailed information on google so could you please explain what it is ?

Best Regards

DrE6

Started this thread Reply With Quote
  #10 (permalink)
 decs0057 
Munich, Germany
 
Experience: Intermediate
Platform: NinjaTrader, TWS
Broker: IB, NinjaTrader Brokerage
Trading: ES,NQ,6E
Posts: 71 since Feb 2010
Thanks Given: 15
Thanks Received: 25


Hi DrE6

Account.CreateOrder is not official supported from NT, you will not find any official documentation but if you check NinjaTrader.Core.dll you will find method.

decs0057

Reply With Quote




Last Updated on June 23, 2013


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts