Actively Managing Trade via ATM - NinjaTrader | futures io social day trading
futures io futures trading


Actively Managing Trade via ATM
Updated: Views / Replies:795 / 5
Created: by tinkalicious Attachments:0

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 
Thread Tools Search this Thread
 

Actively Managing Trade via ATM

  #1 (permalink)
Elite Member
orlando Florida
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: stocks
 
Posts: 2 since Sep 2013
Thanks: 0 given, 0 received

Actively Managing Trade via ATM

Hello all, this is my first post and I have to say that I have spent a good 2 weeks just looking at other posts and researching all the great content here. I do have a number of questions so I will start with a couple basic ones.

First, how many people develop indicators that track and alert specific scenarios for positions they are trading? For example, I track 7 different elements for each position. The more of the elements that are positive, the higher the chance is I should be looking at a potential trade.

Second, I have pretty much figured out that changing an ATM on the fly after it has been triggered is not possible in NT (it probably can be hacked around but I do not believe it is a native function). For example, a trade is entered with the tactic of a scalp... the setup changes dramatically and the trade should be extended for a longer run. Once a trade has been entered via an atm there is no manual intervention I have found that can change the logic. How do other people handle basic logic in managing open trades?

Continuing on this though, let's say you are in a trade where you are expecting a certain risk reward. While in the trade (let's say you are short on a position) the market starts to melt. The ATM would exit on a certain profit level. Do other developers out there code routines in their ATMs to take advantage of these types of events. Reality is that these events can happen a lot.

Once I start getting my head around all the options our there I will be more focused with my questions.

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Trading Apprentice
Puerto Vallarta - Mexico
 
Futures Experience: Intermediate
Platform: MT4
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: EUR/USD
 
Posts: 1 since May 2012
Thanks: 0 given, 0 received


New here, but will pay attention, as I hope to achieve automation with NT in time.

Reply With Quote
 
  #4 (permalink)
Elite Member
Hong Kong
 
Futures Experience: Intermediate
Platform: NinjaTrader, TWS
Broker/Data: IB/Kinetick
Favorite Futures: ES
 
Posts: 233 since Jan 2012
Thanks: 130 given, 306 received


tinkalicious View Post
... ...Second, I have pretty much figured out that changing an ATM on the fly after it has been triggered is not possible in NT (it probably can be hacked around but I do not believe it is a native function). For example, a trade is entered with the tactic of a scalp... the setup changes dramatically and the trade should be extended for a longer run. Once a trade has been entered via an atm there is no manual intervention I have found that can change the logic. How do other people handle basic logic in managing open trades?... ...

Maybe I am missing your point here but although we cannot get into ATM itself to change anything, we can use the chart trader to manually drag and drop orders to suit changes. Right-click to add, etc... Once trade is open it is certainly often necessary to change targets/stops assuming we do not make things worse.

What is missing from ATM for me is the way it locks itself in and you cannot add-on/change new ATM trades while first trade is on. Maybe that is related to your query?

Richard
Hong Kong
Reply With Quote
 
  #5 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,621 received

if only there were some keyboard shortcuts we could take advantage of here, each with their own unique atm strategy that can accommodate special situations on the fly

Reply With Quote
 
  #6 (permalink)
Elite Member
San Jose, CA
 
Futures Experience: Intermediate
Platform: NT/SC
Broker/Data: Multi
Favorite Futures: CL
 
Posts: 718 since Mar 2012
Thanks: 1,947 given, 786 received

In one of the NT8 webminars(I think the most recent one.) Ray talks about being able to apply an ATM after you are already in a trade. Maybe it will allow the user to apply a different ATM after the fact as well.

Chris

Reply With Quote

Reply



futures io > > > > Actively Managing Trade via ATM

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Managing Drawdowns StkLab Psychology and Money Management 3 November 14th, 2014 01:31 AM
Improve Trade Management with ATM TrendTraderBH NinjaTrader 5 August 8th, 2012 06:54 PM
How to link ATM Strategy to auto trade? Adilson NinjaTrader 2 January 24th, 2012 08:15 PM
managing full time job while learning to trade emini_Holy_Grail Traders Hideout 8 January 6th, 2012 08:57 AM
Managing Trade when Calculate on Close = True jthom NinjaTrader Programming 15 March 24th, 2010 05:49 PM


All times are GMT -4. The time now is 03:10 PM.

Copyright © 2017 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
Page generated 2017-12-11 in 0.09 seconds with 29 queries on phoenix via your IP 54.226.172.30