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ATM strategy without a stop loss order possible?
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ATM strategy without a stop loss order possible?

  #1 (permalink)
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ATM strategy without a stop loss order possible?

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

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  #3 (permalink)
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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.

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  #4 (permalink)
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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
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  #5 (permalink)
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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


Last edited by DrE6; June 22nd, 2013 at 05:56 AM.
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  #6 (permalink)
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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

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  #7 (permalink)
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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 ?


Last edited by decs0057; June 22nd, 2013 at 05:25 PM.
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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.

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  #9 (permalink)
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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

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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

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