Novice Trader. New to ATM

[SMDoc]

Hello All,

I am a very novice trader and was looking into employing Ninja Trader for its ATM features. I have little programming experience. Perhaps you kind people can tell me if NinjaTrader can do what I have in mind.

As soon as I enter a trade, I would like to enter into

• .15 cent stop loss, with a .08 cent target.

• I would like this range stop to sell ˝ of my position if the .08 cent target is met and convert the remaining half of the order into a .03 cent trailing stop.

• Lastly I would like the position to be sold at 11:45 AM, regardless of the profit or loss.

Please let me know if this would be possible with NinjaTrader and if so, how difficult it would be to program. Your help is greatly appreciated.

PS: If this ATM strategy sucks and there are better, more well known ones, that my novice self would not know. Please feel free to share. Aspiring day trader here

Thanks

[NinjaTrader_AdamP]

SMDoc,

First off, welcome to the forum!

ATM strategies really don't need any programming per-say. They just need to be setup in the user interface. Then you can attach them to any order you place automatically.

I.e. if you enter a market position with an ATM strategy selected it just automatically attaches that ATM strategy to the order.

I would suggest starting here to learn how to make your own : http://www.youtube.com/watch?v=brVV7R2-16A

Our youtube channel has a lot of educational material : http://www.youtube.com/user/NinjaTra...?feature=watch

We also have live, free webinars for education as well : http://www.ninjatrader.com/webinars

ATM's can be set to close on a daily basis so likely for your 11:45 pm exit you would want to exploit that.