Hit Target, Then Sell Half Of Position, Then Trail

[mattismyth]

Hi,

Can someone please explain how to create an ATM strategy performing the following:

- 20 point stop loss
- 10 points in profit then sell half of position and then move the stop to breakeven
- then every 10 points in profit move the stop loss up 10 points

Thanks.

[NinjaTrader_Jason]

Hello,

Please setup your ATM Strategy as follows:

1 Target:
Stop loss: 20
Profit target: 10

2 Target:
Stop loss: 20
Profit target: 0

Auto Breakeven:
Profit trigger: 10
Plus: 0

AutoTrail:
Stop loss: 10
Frequency: 10
Profit trigger: 20

[jonatan.livingstone]

It's fine but please explain me why sometime it works and sometimes not. I note that when the target is filled it doesn't sell half position but the whole position. Other times it works well selling only half position. Where am I wrong putting on the strategy?

[NinjaTrader_RJ]

Hello Jonatan,

You need to split your shares, contracts, etc between targets 1 and 2 so that half will be taken off at target 1.