Help with ATM

[Turtle Trader]

I"m still finding the ATM setup a bit non-intuitive....I feel dyslexic when I look on those screens...they seem backward to me for some reason.

Can you tell me how to accomplish this...?

(This example is for a long position...)

Enter the position with 3 contracts.

At 5 ticks profit, exit 1 contract, and set Exit (2 remaining contracts) to Entry - 1 tick (for Long).

At 10 ticks profit, exit 1 contract, then go into into trailing stop mode.

At 10 ticks profit set a trailing stop with the initial stop to Break Even + 3 and move the stop forward 1 tick for each tick the price moves forward.

Thanks

[NinjaTrader_Jason]

Hello Turtle Trader,

Please setup your ATM strategy as follows:

Order qty: 3

Target 1
Order quantity: 1
Stop loss: ?
Profit target: 5

Target 2
Order quantity: 1
Stop loss: ?
Profit target: 10

Auto Breakeven
Profit trigger: 5
Plus: -1

Target 3
Order quantity: 1
Stop loss: ?
Profit target: -

Auto Trail
Stop loss: 7
Frequency: 1
Profit trigger: 10

[Turtle Trader]

Stop Loss

Where you have Stop Loss: ?

I am trying to save the ATM and it won't let me...it wants a value in the Stop Loss fields even though I have selected a Stop Strategy.

I put in 0 for the Stop Loss and it gives me the message "Missing Stop Loss 2/3 value" when I right mouse click and select Manage ATM Strategies so I can save the ATM.

[Turtle Trader]

Auto Break Even

Does the Auto Break even trigger even if the Stop does not fill?

In the case below...where does the Auto Break even take effect?

After the fill on Stop 1

After the fill on Stop 2

Or, is it related to price only, and not a fill? Because I notice a Stop price can be touched but not filled.

???

[NinjaTrader_Jason]

Yes, you will need to enter an initial value for your stop loss to be submitted at X amount of ticks behind your entry price.

Please set a value for stop loss under each target. I would not use a value of zero.

[Turtle Trader]

Dyslexic

I must be dense....can you please explain why I need a Stop Loss if there is a Stop Strategy...I don't understand...thanks...

[NinjaTrader_Jason]

The ATM strategy will need to submit your stop loss at an initial price.

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