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Help with Scale In ATM strategy


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Help with Scale In ATM strategy

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  #1 (permalink)
 tradeordietrying 
Toronto, Canada
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Futures
 
Posts: 1 since Apr 2022
Thanks: 0 given, 0 received

Hello,

I'm not too sure where to start. I would like to create an advance ATM strategy in NT8 where it would do the following:

Once Stop / Limit order Entry is triggered:
  • Stop loss is set 1 tick below the signal bar (PAT's Strategy)
  • Take profit is set 1 point
  • Limit order(s) is set with conditions:
    • Option to place the limit order by:
      • Percentage from entry to stop
      • Points / Ticks from the entry
    • Option of number of contracts
    • Option to add multiple limit orders with the same options
  • Once limit order is filled, have an option to set the Take Profit to 1 point for all combined orders
  • Once limit order is filled, stop loss will remain at the stop loss from the initial order

For example:

Market is at $4010
Initial Stop/Limit Entry Order at $4011


> Stop/Limit Order triggered with 2 contracts.
> Take Profit at $4012
> Stop Loss at $4006
> Limit Order is set $4008.50 (-50% from initial entry to stop loss) with 2 contracts
> Limit Order Triggered
> Move Take Profit for all 4 contracts to $4010.75 for 1 point profit
> Stop loss for all 4 contracts remains at $4006

Right now, I can do this manually but I would like to do it automatically. Also, if this is possible, how much would it cost to write the code?

Thanks

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  #2 (permalink)
 mtcompany 
cary, nc
 
Experience: Advanced
Platform: NinjaTrader
Broker: NinjaTrader Brokerage, Continuum, Kinetick
Trading: equity futures, oil, gold, currencies
 
Posts: 1 since Nov 2010
Thanks: 0 given, 0 received

Were you able to get an ATM strategy working as described in your post? If not you can contact me at [email protected]. I'm sure I can help you out.

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Last Updated on June 7, 2022


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