ATM Stop Order(s) to Open

[Zhorny]

When I enter a LONG or SHORT I want to be able to set a rung of stops to open.

So if I enter LONG I want to open a position every 10 points and add to my position i.e. so if I enter EURUSD at 1.2510 and the price is now 1.2585 I will be long 8 lots (at 1.2510, 1.2520, 1.2530 etc. up to 1.2580) BUT from my opening order have about 50 orders working in that direction to open.

Please let me know how I can achieve this.

[NinjaTrader_AdamP]

Zhorny,

Am I correct in my understanding here?

You want to add orders if the trades are going in your favor up to 50 contracts?

[Zhorny]

Yes correct. I want to add positions (via stop upon initial entry) once my position is in profit.
As stated above: if I go LONG EURUSD @ 1.2510 I want stop-buy-to-open orders every 10 points.

[NinjaTrader_Brett]

Unfortunately these orders would need to be placed manually to scale you in. ATM's only work with reversals and orders to exit positions (Stop loss and Profit Target) and does not automate the submission of entry orders and only goes 3 legs deep.

To do this would require a more advanced NinjaScript strategy.

You can contact one of our NinjaScript consultants to assist you with coding this or you can use our NinjaScript guide and forums to code this strategy yourself if you are a programmer.


NinjaScript Consultants:

http://www.ninjatrader.com/partners#NinjaScript-Consultants

NinjaScript Help Guide:

http://www.ninjatrader.com/support/helpGuides/nt7/educational_resources.htm

-Brett

[Zhorny]

Thanks for the response.
Can these scale-in entry orders be hard coded in to a strategy?

[NinjaTrader_Brett]

Hello,

Yes you would want to hard code these into the NinjaScript strategy.

-Brett