ATM Strategy - Please help

[gabrielpeter67]

This is what I'm trying to achieve:

1. Create an ATM strategy with 20 ticks profit and loss
2. once the market moves in my direction 4 ticks bring the stop loss to even
3. Now after every 4 ticks the stop loss should move and lock my 4 tick profit and repeat it until the order is fulfilled (sort of like a trailing stop)

I have seen videos and tried few different things but in every case my stop loss is not moving to lock the 4 tick profit. It moves once to the entry price and that's it.

Anyone who can shed some light on this topic will be a big help.

Thanks in advance.

[NinjaTrader_Jason]

Hello gabrielpeter67,

You will need to enable an AutoTrail stop strategy as well.

I assume you currently have an Auto Breakeven setup with a profit trigger of 4. This would modify your stop loss to breakeven once you have 4 ticks in profit only.

Setup your AutoTrail strategy as follows.

Stop loss: 4
Frequency: 4
Profit trigger: 8

The AutoTrail will kick in once you have 8 ticks in profit. It will modify your stop loss to 4 ticks behind the current market price. It will re-modify your stop loss for each additional 4 ticks in profit. More information can be found at the link below.

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

[gabrielpeter67]

Thank you for your help. I think I was confused with the term Frequency - this is where you indicate how many ticks would you like to define as your trailing. I was thinking of as to define how many times this will execute

Your help is very much appreciated.