I'll give you an example...
Let's say you have an ATM with two steps on the trail stop. Step 1 is to move the SL to BE+1 at 4 ticks profit. Step 2 kicks in at 6 ticks profit, moving the SL up tightly to 1 tick behind price with a trail frequency of 1. The problem is...if price suddenly bursts through to perhaps 10 ticks profit, I have seen my SL fail to move at ALL, leaving me with 10 ticks of unrealized profit and my FULL SL UNCHANGED which should have been moved to +9 ticks...or at the very least +5 ticks at the activation of step 2.
As bad as that situation is, a 2nd issue compounds the problem. Once price has slowed down a bit and backs up on me a couple ticks, the ATM still seems completely stunned and is no longer "in touch" with current price action... WHY isn't the ATM function able to recover and at least do SOMETHING at that point?? There should be some internal functionality where the ATM is refreshed or updated upon the next possible tick to at least bring the targets and SL in line with current price.
So, all in all I love the NT ATM functionality, but I have two very definite complaints that I HOPE will be (or has been) addressed in NT7.
1. The fact that the ATM functions can be rendered useless by a fast moving market scenario is a MAJOR PROBLEM.
2. The fact that the ATM functions cannot recover and refresh themselves AFTER a fast moving market scenario is yet another MAJOR PROBLEM that makes the first problem even worse.
Thanks for listening. If there is something I can do as a user that will help mitigate or eliminate this problem, please let me know.
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