ATM Break Even & Trailing Stop

[i2w8am9ii2]

With the ATM Strategy shown in the attached screenshot, I'm trying to understand what will happen. Please correct me if I'm wrong...

1) There are two ES contracts entered, each with a different initial Profit Target.

2) Both ES contracts have an initial 5 tick Stop Loss in place.

3) The first ES contract has a Profit Target of 8 ticks and the second ES contract has a Profit Target of 12 ticks.

4) The 'Auto break even' Stop Strategy will kick in once the first and second positions have a 6 tick profit (1254.50 + 1.5 = 1256)? At that price (1256) the stops will move to
break even?

5) So the Stop Loss on the first position will move to break even 2 ticks before the Profit Target is hit and the Stop Loss on the second position will move to break even 6 ticks before the Profit Target is hit?

6) The 'Auto trail' Stop Strategy will kick in once the first and second positions have an 8 tick profit (1254.50 + 2 = 1256.50)? At that price (1256.50) the stops will trail the current price by 4 ticks (1255.50)?

7) Each time prices move up by 1 tick (Frequency), the Stop Loss will be adjusted up for each position to be trailing by 4 ticks?

So if the price moved up to 1256.75 (from 1256.50) then the stop would move up to 1255.75 (from 1255.50)?

My head is really sore now...

[NinjaTrader_Jason]

Hello i2w8am9ii2,

4) Yes, the AutoBreakeven will trigger at 1256.00 (6 ticks above your entry price).

5) Yes, you are correct in understanding.

7) Yes, each additional tick in profit will re-adjust the stop loss to 4 ticks behind the current market price. Yes, it will adjust from 1255.50 to 1255.75.

[i2w8am9ii2]

Thanks NinjaTrader_Jason,

I really appreciate you clarifying things in my mind. I thought I probably had it wrong, but I'm glad to have gotten it right. Now I can start experimenting with ATM Strategies.

Thanks again,

i2w8am9ii2