ATM Stop Strategy

[daytraderroy]

I would like to know if my current Stop Strategy is a legitimate strategy based on the parameters I have set. I am not asking if it will work only if the parameter are legitimate. If not, please suggest any changes.

1st Target: Stop Strategy:
Auto breakeven (ticks)
Profit trigger: 4 Plus: 0
No auto trail

2nd Target: Stop Strategy:
No Auto breakeven (ticks)
Auto trail (ticks) only
Step 1:
1 step stop loss: 7
2 step Frequency: 1
3 step Profit trigger: 4

Thank you in Advance

[NinjaTrader_DrewO]

Hello,

Thanks for your post.

These parameters would be functional. Unfortunately, I would not be able to comment on whether or not these would be useful, as that would be considered trading advice.

With the first Target, the stop loss would move to adjust to Breakeven price after four ticks in your favor.

With the second, after four ticks in your favor the Stop Loss would adjust to a 7 tick offset. With a Frequency setting of 1, each additional tick in your favor would trigger this move to occur again.