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new york city
Experience: Beginner
Platform: TradeStation
Trading: ES
Posts: 2 since Jan 2012
Thanks Given: 0
Thanks Received: 0
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I am looking to figure out if a $ based ATM strategy is possible in ATM. So, when i enter a position, NT automatically puts the stop and profit targets at $x say $100, so based on the numbers of shares of the active position, NT automatically calculates where my stop and profit limit price should be. For example, if i got in at $100 price for 100 shares, I want NT to issue stop and profit orders for 99 and 101 respectively. If I got it at $100 for 50 shares, I want NT to issue stop and profit orders for 98 and 102 respectively.
If there is another way to achieve this - pointers would be greatly appreciates. All I want is that once i get in a position, the platform takes care of the fixed profit and loss and I don't have to manually calculate how may ticks is my profit and stop loss away.
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