NexusFi: Find Your Edge


Home Menu

 





ninjatrader reversal break even strategy


Discussion in NinjaTrader

Updated
    1. trending_up 2,097 views
    2. thumb_up 5 thanks given
    3. group 2 followers
    1. forum 1 posts
    2. attach_file 1 attachments




 
Search this Thread

ninjatrader reversal break even strategy

  #1 (permalink)
 
drunkcolonel's Avatar
 drunkcolonel 
Pluto is a planet
 
Experience: None
Platform: SierraChart
Trading: Freeze Dried Orange Juice
Posts: 44 since Jul 2011
Thanks Given: 161
Thanks Received: 48

Hi all, I was hoping someone could point me in the right direction as I'm trying to figure out if this trading methodology is viable. Using ninjatrader I want to trade 2 contracts. Upon entry both contracts have a stop loss of 4 ticks. The first contract has a profit target of 3 ticks of which it practically always hits. What I want to do is if the first profit target is hit, move the second contracts stop to break even. This way if the move does happen to reverse on me essentially the trade scratches (minus commissions of course) so essentially contract 1 gains cancel out contract two's reversal. This way if I'm "wrong" its more or less a scratch, but when I'm right I'm in the money. Is there a way to do this in ninjatrader through the ATM strategy dialog boxes? Or is this something I would have to code? Thanks for any help!

Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
REcommedations for programming help
Sierra Chart
Cheap historycal L1 data for stocks
Stocks and ETFs
MC PL editor upgrade
MultiCharts
ZombieSqueeze
Platforms and Indicators
 
  #2 (permalink)
 
monpere's Avatar
 monpere 
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
Posts: 1,854 since Jul 2010
Thanks Given: 300
Thanks Received: 3,372


drunkcolonel View Post
Hi all, I was hoping someone could point me in the right direction as I'm trying to figure out if this trading methodology is viable. Using ninjatrader I want to trade 2 contracts. Upon entry both contracts have a stop loss of 4 ticks. The first contract has a profit target of 3 ticks of which it practically always hits. What I want to do is if the first profit target is hit, move the second contracts stop to break even. This way if the move does happen to reverse on me essentially the trade scratches (minus commissions of course) so essentially contract 1 gains cancel out contract two's reversal. This way if I'm "wrong" its more or less a scratch, but when I'm right I'm in the money. Is there a way to do this in ninjatrader through the ATM strategy dialog boxes? Or is this something I would have to code? Thanks for any help!

I think this should work.


Reply With Quote




Last Updated on August 2, 2012


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts