ATM with 2 lots

[gwenael]

Hello,


I have a "weird' question relating to ATM strategies. How to use ATM to "code" this setup :

2 lots entry (short or long) , general stop loss @ -15 ticks from entry for the 2 lots, if market goes +5 ticks, then stop loss goes up to entry -5 ticks for the 2 lots (reducing the initial risk), Then if market continues in profit @ +10 ticks, the 2 things :
1) Lot 1 exit @+10 limit or MIT
2) for lot 2, stop loss (which was @ -5 from entry) drop back to entry -10 ticks (thats the weird thing !!!)

General idea is keep risk tight first, but when +10 exited for lot 1, level up risk again on lot 2 (because we now have a safety net with +10 ticks profit from lot 1).

May you help me on this ?

Thanks for your time
GWEN

[NinjaTrader_Eduardo]

Hello Gwen,

Thank you for your post.

Unfortunately, ATM Stop Strategies can only “tighten your Stop Loss as your profits in your trade increase”.
They are not able to “loosen” them.

I have provided an example of the parameters you would use, disregarding 2) of your post:

• 
• 'Custom' Stop Strategy for both Lot 1 and 2:
• 

Please let me know if I may be of any further assistance.

[gwenael]

Thanks eduardo for your time on this.
A last question : let's say that I am ok with the ATM above, I just want to add a rule : when +5 = stop loss @-5 AND when +10 = stop loss at breakeven (if +6,+7,+8,+9,+10, stop loss stays at -5 and raise to breakeven only at +10...and stays at brekaven whatever the market does after.
Can you help me on this ?
Best regards,
gwen

[NinjaTrader_Eduardo]

Hello Gwen,

Thank you for your reply.

The Profit Target for your first target is 10 ticks, so this would only work with the second target, or with a higher Profit Target.

Here is a screenshot of the Stop Strategy parameters:

• 

For the first part of your question "when +5 = stop loss @-5 ", you would use Auto Trail with 1 Step:

• a Profit Trigger of 5
• a Stop Loss of 10 (this would move the Stop 10 ticks below your Profit Trigger)
• a Frequency of 99 (this keeps the Stop Loss from Trailing until 99 ticks profit)

For the second part "+10 = stop loss at breakeven ", you would use the Auto Breakeven:

• Profit Trigger at 10 ticks
• Plus 0

The Auto Breakeven would only move the Stop Loss once, so the Stop Loss should stay at the same price after this.

Please let me know if I may be of any further assistance.