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Ninjatrader 8 ATM strategy help

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  #1 (permalink)
 cskafan123 
Chicago
 
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Hello Everyone,

I need your help. I am new to trading as well as using ninja trader 8 , and I am struggling with understanding the ATM set ups. I have spoken to nt8 help desk but they can't help me building this set up because it would be considered a trading advice. I am very frustrated because the customer service is not helpful and I've spent many hours watching youtube videos but without much luck. Could some one help me please?

This is what I would like to do: I want to create an ATM strategy that can scalp 2 ticks and then move my stop so I do not lose any money. I do not want to break even. I just want to keep my profit.

I was told to use trailing stops but I just don't get it how to do it, so that every time after the ATM scalps 2 ticks, I secure the profit and if I get stopped out I don't lose any money and keep my profit of 2 ticks. The whole idea is the process to keep going until I get stopped out.

Thanks so much in advance. I am very grateful.


cskafan123

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 tr8er 
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Sorry, but this is wishful thinking and has nothing to do with trading and will not work.

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 Daytrader999 
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cskafan123 View Post

This is what I would like to do: I want to create an ATM strategy that can scalp 2 ticks and then move my stop so I do not lose any money. I do not want to break even. I just want to keep my profit.

I was told to use trailing stops but I just don't get it how to do it, so that every time after the ATM scalps 2 ticks, I secure the profit and if I get stopped out I don't lose any money and keep my profit of 2 ticks. The whole idea is the process to keep going until I get stopped out.

This is absolutely impossible, because every time your trade is 2 ticks in profit you'll need to move your stop to exactly the same level, which will immediately stop you out....so you'll always get a maximum of 2 ticks profit, because the trade will be closed immediately.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #4 (permalink)
 cskafan123 
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Daytrader999 View Post
...so you'll always get a maximum of 2 ticks profit, because the trade will be closed immediately.

Sorry I got confused. If I have my stop at the same place my second tick is executed and then the market goes up, how will I be stopped out?

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 JonnyBoy 
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cskafan123 View Post
Sorry I got confused. If I have my stop at the same place my second tick is executed and then the market goes up, how will I be stopped out?

NinjaTrader ATM will do anything you tell it to. Give me the exact specifics and I'll create an ATM template for you.

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 Daytrader999 
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cskafan123 View Post
Sorry I got confused. If I have my stop at the same place my second tick is executed and then the market goes up, how will I be stopped out?

Sorry if I wasn't clear enough. You said that you don't want to get stopped out at break even.

So if the trade is two ticks in profit and your stop moves to let's say break even +1, you probably will get stopped out at this level, just because even a very slow market will move at least a tick or two in the opposite direction before it picks up your favorite direction again....so chances are not very good that the trade will evolve further because there is absolute zero wiggle room for the trade...

Hope this helps.

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 cskafan123 
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JonnyBoy View Post
NinjaTrader ATM will do anything you tell it to. Give me the exact specifics and I'll create an ATM template for you.

JonnyBoy Thanks so much! I am not sure how realistic this would be, but here is an example of what I would like to see with ATM:

Example: The current price is 3200 and the market is in an up trend.

1. I enter at 3200
2. At 3200.50 ATM automatically secures a profit of 2 ticks and moves my STOP to 3200.50
3. At 3201 ATM automatically secures another profit of 2 ticks and then moves the STOP to 3201.
This process repeats until my Stop target is reached.


Cheers!

cskafan

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 JonnyBoy 
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cskafan123 View Post
JonnyBoy Thanks so much! I am not sure how realistic this would be, but here is an example of what I would like to see with ATM:

Example: The current price is 3200 and the market is in an up trend.

1. I enter at 3200
2. At 3200.50 ATM automatically secures a profit of 2 ticks and moves my STOP to 3200.50
3. At 3201 ATM automatically secures another profit of 2 ticks and then moves the STOP to 3201.
This process repeats until my Stop target is reached.


Cheers!

cskafan

Okay, this is easy to do in the ATM. How many contracts are you trading? What are your ultimate profit targets for these contracts?

However...

I'll tell you now that this is untradeable because you are moving your stop (on the remaining contracts you have open) to the current traded price, and provided that is the price trading when this move happens you will get executed and you stop will be filled. STP orders are held on your computer meaning that as soon as that order is touched it will get executed.

In addition, this is not in any way a good way to handle an open position. If you know this already and this is just for experimentation, then I'll do it no problem.

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 cskafan123 
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Quoting 
Okay, this is easy to do in the ATM. How many contracts are you trading? What are your ultimate profit targets for these contracts?

However...

I'll tell you now that this is untradeable because you are moving your stop (on the remaining contracts you have open) to the current traded price, and provided that is the price trading when this move happens you will get executed and you stop will be filled. STP orders are held on your computer meaning that as soon as that order is touched it will get executed.

You know as a beginner I really have no idea what works and what not. You guys were very kind to respond and tell me that, so I suppose there is no really a good reason for me to ask you to waste your time and create something that will not work.

I am just looking for a way to make small profits by scalping 2 ticks without loosing much money. I would like to use 10 contracts so 250 dollars (ideally 500 if I get a point) can be achieved if the trend is strong. There is no set up price that I am looking to exit. As long as the trend moves up and the ATM can scalp few ticks and move my stop loss close to the entry price I would be happy.


Quoting 
In addition, this is not in any way a good way to handle an open position. If you know this already and this is just for experimentation, then I'll do it no problem.

Btw, I am open to any suggestions. I sure can use an advice on what to set up in ATM to handle an Open position and get better profits.

Thanks again.

cskafan123

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 JonnyBoy 
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cskafan123 View Post
You know as a beginner I really have no idea what works and what not. You guys were very kind to respond and tell me that, so I suppose there is no really a good reason for me to ask you to waste your time and create something that will not work.

I am just looking for a way to make small profits by scalping 2 ticks without loosing much money. I would like to use 10 contracts so 250 dollars (ideally 500 if I get a point) can be achieved if the trend is strong. There is no set up price that I am looking to exit. As long as the trend moves up and the ATM can scalp few ticks and move my stop loss close to the entry price I would be happy.



Btw, I am open to any suggestions. I sure can use an advice on what to set up in ATM to handle an Open position and get better profits.

Thanks again.

cskafan123

Hey man, we're all in this trading thing together and most of us have been there and done that, hence our constructive comments.

What I will do for you is create an ATM that will;

Enter 10 contracts. Locate a single contract (for profit) every 2 ticks. Essentially your last contract will be located 20 levels/ticks of DOM from your entry location. I'll locate your stop 20 ticks from your entry and get it to trail by 4 ticks for every 2 ticks of price movement in your direction.

I am not saying from a trading perspective this is a good or bad thing in terms of risk/reward, but if it gets you a bit more familiar with how the ATM works, you can branch out further by yourself and adjust accordingly.

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 cskafan123 
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JonnyBoy View Post
Hey man, we're all in this trading thing together and most of us have been there and done that, hence our constructive comments.

What I will do for you is create an ATM that will;

Enter 10 contracts. Locate a single contract (for profit) every 2 ticks. Essentially your last contract will be located 20 levels/ticks of DOM from your entry location. I'll locate your stop 20 ticks from your entry and get it to trail by 4 ticks for every 2 ticks of price movement in your direction.

I am not saying from a trading perspective this is a good or bad thing in terms of risk/reward, but if it gets you a bit more familiar with how the ATM works, you can branch out further by yourself and adjust accordingly.

Awesome! Thanks a bunch!

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 JonnyBoy 
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cskafan123 View Post
Awesome! Thanks a bunch!

Copy cskafan123_atm template.xml to NinjaTrader 8 > templates > AtmStrategy

Copy cskafan123_stop strategy.xml to NinjaTrader 8 > templates > StopStrategy

And ensure your setup looks like this.





Video of it in action attached.

Now, I did switch things up a little from what I said originally to hopefully help you understand how the auto trail in NT8 works. Just consider this an example. It can be achieved in other ways but this just shows what NT8 ATM can do with 3 steps of auto trial. You can literally handle your order in any fashion, plus this ATM gives price some breathing room.

For more information on what this does, refer to the NT8 help on stop strategies here:

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- Trade what you see. Invest in what you believe -
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Attached Files
Register to download File Type: xml cskafan123_atm template.xml (13.9 KB, 19 views)
Register to download File Type: xml cskafan123_stop strategy.xml (967 Bytes, 14 views)
Register to download File Type: mp4 cskafan123.mp4 (4.15 MB, 25 views)
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 Kasitlyo 
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JonnyBoy View Post
Copy cskafan123_atm template.xml to NinjaTrader 8 > templates > AtmStrategy

Copy cskafan123_stop strategy.xml to NinjaTrader 8 > templates > StopStrategy

And ensure your setup looks like this.





Video of it in action attached.

Now, I did switch things up a little from what I said originally to hopefully help you understand how the auto trail in NT8 works. Just consider this an example. It can be achieved in other ways but this just shows what NT8 ATM can do with 3 steps of auto trial. You can literally handle your order in any fashion, plus this ATM gives price some breathing room.

For more information on what this does, refer to the NT8 help on stop strategies here:


Hi JonnyBoy, Thanks for the help to make this ATM, can NT7 can do this automation too.

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 cskafan123 
Chicago
 
Experience: Beginner
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Trading: furures
 
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JonnyBoy View Post
Copy cskafan123_atm template.xml to NinjaTrader 8 > templates > AtmStrategy

Copy cskafan123_stop strategy.xml to NinjaTrader 8 > templates > StopStrategy

And ensure your setup looks like this.





Video of it in action attached.

Now, I did switch things up a little from what I said originally to hopefully help you understand how the auto trail in NT8 works. Just consider this an example. It can be achieved in other ways but this just shows what NT8 ATM can do with 3 steps of auto trial. You can literally handle your order in any fashion, plus this ATM gives price some breathing room.

For more information on what this does, refer to the NT8 help on stop strategies here:

Thank you! This is Pure Gold!I really appreciate your help JonnyBoy.

cskafan123

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 JonnyBoy 
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Kasitlyo View Post
Hi JonnyBoy, Thanks for the help to make this ATM, can NT7 can do this automation too.

Yes it can. There is no difference as far as I can remember. Have a look here

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