Moving Profit Target to Breakeven

[pipal]

Hello,

Assuming I have a 10 tick profit target and 10 tick stop loss ATM. I am not going to move the stop loss anyway.

What I want to do is to move the profit target to breakeven (limit order) only if the price goes against me by 5 ticks, as I think in that case it's not so likely to get to the 10 tick profit target.

What's the simple way to make a ATM Strategy like that? Is possible to make use of the Strategy Wizard?

Many thanks

[NinjaTrader_Jason]

Hello pipal,

Unfortunately it is not possible to have this automated in an ATM strategy; you would need to modify the profit target manually.

You can use ATM strategies in automated strategies. Please see the link below for more information.

http://www.ninjatrader-support.com/HelpGuideV6/UsingASMStrategies.html

[pipal]

Thanks Jason. I am sorry I have no idea about programming etc. Do you mean manually moving the target profit myself is the only way to do what I want? There is no way to set up an ATM strategy reversely trailing the profit target?

[NinjaTrader_Jason]

That is correct; you will need to modify the profit target manually.