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2 auto breakeven orders

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    2 auto breakeven orders

    NT support: I cannot figure out how to do this and I've looked through the training videos and cannot find. I place an order to buy 2 ES contracts @ 1000. In my ATM strategy parameters, I have a 8 tick stop loss and a 16 tick profit target, so my stop sell would be at 998 and profit target at 1004. My question is this: In the stop strategy box for "auto breakeven", I have a profit trigger set for 4 and the plus box set for -4. Once the price of the ES goes to 1001 my stop loss becomes 999. Where do I set the next strategy if when the ES goes up 4 more ticks or 8 ticks in total (1002)the stop loss goes to plus 1 tick or 1000.25 ?? Then at this point my strategy would be over and I would manually take over from there. Please help. Thank you !!

    #2
    Hello tallpaw,

    Thank you for your post.

    To move the stop loss once more after using the Auto-Breakeven feature you will use the parameters underneath in the Custom Stop Strategy field for an Auto-Trail. The parameters will be as follows.

    Profit Trigger-8-Number of ticks to achieve before moving
    Frequency-99-Number of ticks to achieve before moving again, which since you only want to move once we set high
    Stop Loss-7-Number of ticks behind the profit trigger that the stop loss is moved to.
    Ryan O.NinjaTrader Customer Service

    Comment


      #3
      Ryan: thank you for your response. It works great ! But now I have another question. Same scenario ... How do I set the following strategy? I buy 4 ES contracts @ price level 1000. Initially, I want the stop loss to be 998 and the profit target to be 1004. After the trade moves up to 1001 (I hope), I want to take 2 ES contracts off for a profit of 1 point. The remaining 2 contracts, I want the stop loss to move up to 999.25. When the trade moves up to 1002, then I want the stop loss to move up to 1000.25 ( in essence locking up 1/4 point profit on the remaining 2 contracts.). Then after the trade moves to 1002 and locks in .25 point profit, I will take control of moving the stop manually. Hope this makes sense. Thank you any NT administrator for your response and have a great holiday season !!!
      Originally posted by NinjaTrader_RyanOlson View Post
      Hello tallpaw,

      Thank you for your post.

      To move the stop loss once more after using the Auto-Breakeven feature you will use the parameters underneath in the Custom Stop Strategy field for an Auto-Trail. The parameters will be as follows.

      Profit Trigger-8-Number of ticks to achieve before moving
      Frequency-99-Number of ticks to achieve before moving again, which since you only want to move once we set high
      Stop Loss-7-Number of ticks behind the profit trigger that the stop loss is moved to.

      Comment


        #4
        Hi Tallpaw,

        Glad to hear the strategy is working, and the following parameters should do what you described.

        For the 4 contracts choose the instrument and then specify the order quantity as 4.

        In the ATM strategy parameters select 2 targets.

        For the first target:

        order quantity will be 2
        stop loss will be 8 ticks
        profit target will be 4 ticks
        Stop Strategy set to none

        For the second target:

        order quantity will be 2
        stop loss will be 8 ticks
        profit target will be 16 ticks
        Stop Strategy will be set to Custom

        For the Second Target Stop Strategy:

        Auto Trail is set for two targets.
        First Target:

        Profit Trigger is 4 ticks
        Stop Loss is 7 ticks
        Offset is 99

        Second Target
        Profit Trigger is 8 ticks
        Stop Loss is 7 ticks
        Offset is 99

        Then from there you can manually manipulate your stops. Please let me know if you have any additional questions.
        Ryan O.NinjaTrader Customer Service

        Comment

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