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ATM strategy I need some help with..........
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ATM strategy I need some help with..........
I have an ATM strategy I wish to use within my trading and need some help please with setting it up correctly, here it goes....... Enter the Market with 2 contracts and always with a Market Order. My first Target from entry price is 8 ticks ( so has to actually move 9 ticks to be filled at +8 ) and my Second target is 12 ticks from Entry ( so has to actually move 13 ticks to be filled at +12 ). Now as far as Trailing and such once Price moves in my favor towards my targets., here's what I'd like it to do.... Once price touches +2 ticks from entry, i want stop to move to -8, touches +3 ticks then stop goes to -7. +4 goes to -6 +5 goes to -4 +6 goes to -4 +7 goes to -3 +8 goes -2 +9 then im out on the First contract +10 then stop on second goes to BreakEven +11 then stop goes to +1 +12 then stop stays at +1 +13 then that's when my Second target will be hit and am out on the trade Thats it, I appreciate the help and input Thanks again - MikeTags: None
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