Putting on a second trade with the same ATM strategy but not adding to old orders

[adamus]

Hi

I'm using an ATM strategy to place 2 stops and 2 targets when my entry order is executed. This is great for my purposes since I can manage 1 lot strictly and I can be more lenient with the 2nd lot, allowing the trade to run under optimal circumstances.

Sometimes I reach a point after exiting the first lot where I want to put on another trade, i.e. another 2 lots. However instead of giving me 2 fresh stop orders and 2 new targets in addition to the current open orders, the ATM strategy combines the orders and I end up with only 2 stops and 2 targets instead of 3. One of each is for 2 lots and one for 1 lot.

Hopefully that makes sense. Is it possible for the new orders to be independent of the previous?

Thanks

[NinjaTrader_PatrickH]

Hello Adamus,

Thank you for your post.

Please right click within your Super DOM > select Properties > check the ATM strategy selection mode.
Please advise which ATM strategy selection mode is being used.
For more information on the ATM strategy selection modes please visit the following link: http://www.ninjatrader.com/support/h...ction_mode.htm

I look forward to assisting you further.

[adamus]

I've got "SelectActiveATMStrategyOnOrderSubmission".

I read the help document you gave the link to. I think I understand it correctly. I have to change the selected ATM strategy before entering my second trade, from "Active ATM Strategy..." to my strategy name.

Is that correct?

[NinjaTrader_Jason]

Yes, you are correct.

You could also set 'ATM strategy selection mode' to KeepSelectedATMStrategyTemplateonOrderSubmission. Subsequently, the ATM strategy drop down field will automatically reselect the ATM strategy.

[adamus]

Hi,

got another issue with this ATM strategy.

When I want to bail out of position, I can hit "close position" but that executes both trades, changing them to market orders. This generates $2.50 commission for each.

However if I'm long for instance, I can just hit "sell" and I only get one trade and one commission - $2.50. The problem is though I then have to manually cancel the orders that are left over - all 4 of them.

Can I resolve this and get NT7 with my ATM strategy to exit the position with only 1 order?

[NinjaTrader_Kyle]

Hello adamus,

This would be expected when the Close button is used to exit - this click will serve to modify the profit targets so that they fill immediately. That said, it's not possible to modify the Close button to operate as you outlined. I will forward that suggestion on to development, but as it stands a manual order would need to be used if you wish to place a single order to exit the position.

[adamus]

Hi Guys,

is it possible to get this suggestion implemented in NT8 before you freeze new functionality?

I'm talking about what Kyle outlines in the last post - using the Close button should exit the position with only one order, reducing commissions?

[NinjaTrader_PatrickH]

Hello adamus,

Thank you for your post.

I will forward this over to development, however I cannot guarantee it's implementation into the next major release of NinjaTrader.

[NinjaTrader_PatrickH]

Hello adamus,

Thank you for your suggestion on how we can improve our product. It has been inserted into our tracking system with the unique ID # 2371.