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How would I set up my ATM for this... nice Example


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How would I set up my ATM for this... nice Example

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  #1 (permalink)
USA
 
 
Posts: 163 since Jul 2009
Thanks: 67 given, 51 received

I want to set up an ATM strategy that will do something like this:

  • Go long a contract...
  • Initial stop loss is 5 ticks...
  • Stop loss auto raises 1 tick for each tick the trade moves in my
    direction until it reaches BE (break-even)...
  • When trailing stop has reached BE, it stops trailing, even though price keeps moving up...

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  #3 (permalink)
Frankfurt
 
Experience: Intermediate
Platform: NinjaTrader
Trading: FGBL 6E B4
 
max-td's Avatar
 
Posts: 1,754 since Jun 2009
Thanks: 2,309 given, 923 received


hi,
i think this cant be done with ATM.
Trailing tick by tick is possible ( Stop Strategy : 5 -- 1 -- 1

but the problem is to stop the trailing if reached BE.

max-td
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  #4 (permalink)
USA
 
 
Posts: 163 since Jul 2009
Thanks: 67 given, 51 received

Hey Max...

The folks at NT forum showed me. Here's the steps in case you need it.

  • Set the ATM Strategy to <Custom>
  • 1 Contract
  • Profit Target: 0 (set to desired PT)
  • Stop Loss: 5



  • Set Stop Strategy to <Custom>
  • Then select a 2 step Auto Trail.


  • Step #1:
  • Profit trigger: 1
  • Frequency: 1
  • Stop Loss: 5


  • Step #2:
  • Profit trigger: 5
  • Frequency: 99 (or any other high value that is unlikely to be reached)
  • Stop Loss: 5

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The following 2 users say Thank You to Jugador for this post:
 
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  #5 (permalink)
Frankfurt
 
Experience: Intermediate
Platform: NinjaTrader
Trading: FGBL 6E B4
 
max-td's Avatar
 
Posts: 1,754 since Jun 2009
Thanks: 2,309 given, 923 received

nice trick

that means they install in Step #2 the rules :

if position has ran +5 in your direction
trail the stop (wich is at -5) every additional 99 ticks in your direction

and because you dont go for 99 ticks it will sit there till you go out manualy.

well - i am willing to learn new tricks day by day

max-td
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February 8, 2010


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