I buy 4 ES at 800. I have target 1 at say 805 for 1 contract. Target 2 at 810 for 2 contracts and Target 3 at 815 for 1 contract. Stop is say 5 points for all, BUT if target 1 is hit and filled, I want to move a BE stop on 1 of the contracts I have at Target 2. Then if Target 2 is filled for the 2 contracts, then now move BE stop for Target 3. Make sense?
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Help w/ combining 2 strategies in ATM
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Help w/ combining 2 strategies in ATM
I want to combine 2 ATM strategies into 1, so can trade it off one DOM. Basically, it's simple, but will give an example.
I buy 4 ES at 800. I have target 1 at say 805 for 1 contract. Target 2 at 810 for 2 contracts and Target 3 at 815 for 1 contract. Stop is say 5 points for all, BUT if target 1 is hit and filled, I want to move a BE stop on 1 of the contracts I have at Target 2. Then if Target 2 is filled for the 2 contracts, then now move BE stop for Target 3. Make sense?Tags: None
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Originally posted by Stok View PostI want to combine 2 ATM strategies into 1, so can trade it off one DOM. Basically, it's simple, but will give an example.
I buy 4 ES at 800. I have target 1 at say 805 for 1 contract. Target 2 at 810 for 2 contracts and Target 3 at 815 for 1 contract. Stop is say 5 points for all, BUT if target 1 is hit and filled, I want to move a BE stop on 1 of the contracts I have at Target 2. Then if Target 2 is filled for the 2 contracts, then now move BE stop for Target 3. Make sense?
Thank you for your note.
Please see my screenshots for an example.
Note: my parameters are in Ticks, so that is why you see 20, 40 and 60, for your 5, 10 and 15 point targets.
Unfortunately you cannot move the stop on only 1 contract for your second target as the entire target is managed together.
Let me know if you have any questions.Ray S.NinjaTrader Customer Service
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