Shedding contracts

[Marlti]

I haven't been able to figure out how to shed contracts as profit targets are hit.
The atm in ninja 8 has plenty of stop options but I must be missing something about being able to shed.

[NinjaTrader_Jim]

Hello Marlti,

Thanks for opening the thread.

So I may assist you further, could you elaborate more on what exactly you wish to do by "shedding contracts as profit targets are hit?"

I also see that you are referring to NinjaTrader 8 but have written into the NinjaTrader 7 forums. Which platform are you using so I can give you any relevant information?

In NinjaTrader 7, you can create an ATM strategy with 3 profit targets than can take profit for any portion of the total number of contracts that the ATM entered with.

In NinjaTrader 8, you can create an ATM strategy with any number of targets that can be used to take profit from a specified portion of the ATM's order quantity.

These techniques are discussed in the ATM 201 webinar. If you would like to reference recorded versions of these webinars, you can follow the links below.

NinjaTrader 7 - https://www.youtube.com/watch?v=Jr5cXGpvI8E

NinjaTrader 8 - https://www.youtube.com/watch?v=0RVICtjAbTk

More complex strategies are possible through NinjaScript.

Please let me know if I may be of further assistance with your inquiry.

[Marlti]

Thanks. That answered my question.