Use StrategyWizard for managing Stops/Targets only (not entries) a la ATM?

[grose]

Hi,

This may be a very basic question -- so far, I've been using ATMs with NT successfully. ATMs have limitations -- stops are fixed vs. variable values, etc.

What I'd like to do is create a trade management strategy that calculates the initial stop using, for instance, the lowest low of the past six bars minus one tick. I would want that strategy to be selectable in the DOM just as all ATM strategies are now.

My impression of coded strategies is that they are for full-bore automated trade management. However, my entries are discretionary -- I only want to enter an order when I explicity click to enter one. It is at that point I would want the custom strategy to look at the chart, calculate the stop, then set the initial target, intial stop, scale out, move the stop on remaining positions as needed, etc.

Can coded strategies function in this manner?

If so, are there some examples that anyone is aware of that you could point me to?

Thanks,

Gordon

[NinjaTrader_Ben]

Hello,

This is not supported. One option would be to only turn on a strategy when you want it to run.

[grose]

Hi Ben,

How do I turn a strategy on and off? Can that be done programatically?

Regards,

Gordon

[NinjaTrader_Ben]

Hello,

If your entries are discresionary you probably won't want the strategy to turn on and off automatically via program.

You can hult trading from within a strategy. This link has a sample on how to do it:

http://www.ninjatrader-support2.com/vb/showthread.php?t=4804

Or you can try to build it in NinjaScript.

Or you can just go to your strategy tab in the contol center>right click>New Strategy. Then click on the start and stop button the appears to the right side. This link may help:

http://www.ninjatrader-support.com/HelpGuideV6/StrategiesTab1.html