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hello, i have been on nt7 for about 5 years and i know the program forwards and backwards. recently, i have the need to create an ATM that does a specific thing and i havent been able. i spent quite a few hours yesterday testing. this is what i need, let me know if this is possible or someone out there can create code for this:
once i enter a trade (20 contracts on NQ) I have the ATM combine the stops, move them all to BE+1 at 4pts in profit. once the first target is hit i need to stop(s) for the remaining contracts go backwards from BE (breakeven) to where the stop/risk was during the initial entry based on my RM strategy. so once again all stops go to be+1 then when half the position is taken off, i need the stop for the remaining 10 contracts to go back to where i placed it originally.
i have been doing it manually for about 1 year now and im not as fast or accurate as the ATM can do it. As we all know the ATM can move to BE+1 in fractions of a second, well I also need it to be able to move the stop to BE -4 points just as quickly so i dont have to pickup the remaining stop then manually drag and drop it back.
so far i havent been able to find anything on the internet for the ATM moving the stop to breakeven then moving it backwards, it seems the ATM can only move stops in favor of risk, not against it. i need it to move against price (increase risk automatically, but in reality im not risking anything because half the postion would have been taken off already)
i will not explain or answer any questions on my strategy or risk management. Please keep all posts/answers/questions related to the ATM of NT7.
THANK YOU TO ALL WHO POST!
Can you help answer these questions from other members on NexusFi?
Looking at the manual for NT7 it says "Your Stop Strategy will never move your Stop Loss backward. The Stop Strategy will only move your stop closer to the current trading price." This was from the ATM section. Most likely you would have to get someone to create a custom strategy that would do that for you.
Thanks for the reply. Are you sure there's no way to do it, cause there are some other settings under ATM, some let you post negative number I.e. -16 ticks, etc. Is there a way to set a negative trail or something like that? I've messed with everything I can think of and I can't get it to move the stop temporarily to BE then back again when the first target is hit. I'm pretty sick of doing it manually by now. Day in day out, trade after trade lol. You get it.
Unfortunately you are stuck. You can set the stop to BE and a negative number as long as that number is closer to BE than the last one.
Custom code or you will need a high end trade manager like BlackBird from Shark Indicators. There may be others, I'm not sure. It's about 1500 bucks but it does allow you to move a stop backwards. There is a setting within BlackBird that turns on that capability.
ok if anyone sees this post and knows how to code such an ATM let me know. also tell me your rates, i can pay via paypal or whatever works best for you. thanks
