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

Jugador · (login for full post details)

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...

max-td · (login for full post details)

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.

Jugador · (login for full post details)

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

max-td · (login for full post details)

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