Target without selling?

[puravida]

Hi community,

i like to accomplish the following with an ATM strategy, but i am not sure if it can be done with the build in funcionallity.

1) I like 1/4 of the position to be sold at 1.2 times my initial risk and get break even
(can do that with ATM and the first target)
2) Then, I like to start trailing on size of my initial risk (for example 10 pips), as soon as i reached 4 times my inital risk (say 40 pips). I tried this with a second target and a custom stop-strategy.

How must this be entered in ATM to work? I am able to sell 1/4 of the position on 1.2 times my risk and get to break even, but for the second target it will always sell 3/4 directly on 4 times my risk instead of start trailing on the initial risk size.

Can someone please show me how to enter this as ATM to work?

many thanks in advantage!

[NinjaTrader_VinceB]

Hello Puravida,

Thank you for your post.

I've created 2 screenshots for you which shows the set up of the strategy.

I've set up the ATM Strategy with 8 contracts of which 2 will be for your first target and the remaining 6 for your second target.

This strategy includes a Stop Strategy for your second target only. When your first target is filled it is not possible to move it to break even since your target will be hit.

ATM strategy:

http://screencast.com/t/R1nw4puoCHF

Stop Strategy on second target:

http://screencast.com/t/l8HC4ghVZyrR

Please let us know if this clears things up

[puravida]

Seems to work as intended, thanks.