Auto Chase within ATM Strategy

[nourozi]

Hi, I would like to know how I could incorporate the chase feature within an ATM. I would like my profit target to chase the current price. If the price moves away from my profit target, I would like the profit target to chase the price.

So for example, if I was entered long and price proceeded to fall, I would like my profit target to chase the price down until the price went up and hit my profit target.

I know there is currently "Target Chase" which is equivalent to "Chase if Touch". There is no equivalent to "Chase" within the ATM options. Can somebody help me achieve this.

Thanks.

[NinjaTrader_Matthew]

Hello,

Thank you for your post and welcome to our forums!

It would not be possible to do so with an ATM Strategy at this time. I will submit this idea to our development team to consider adding this option in an upcoming version.


Please let me know if you have any questions.

[nourozi]

Would it be possible to achieve this with Ninja Script? Do I need to code?

[NinjaTrader_Matthew]

It would be possible to emulate this function in a fully automated NinjaScript strategy, however it does require that your entry orders are automated as well. There is not a supported method for developing a NinjaScript strategy which would then operate from manually placed trades.

[nourozi]

Yes, I would like a fully automated solution. Can you show me how to do this?

[sledge]

Yes, I would like a fully automated solution. Can you show me how to do this?

https://www.bigmiketrading.com/ninjatrader-programming/205-atms-strategy.html

NT support file:

http://www.ninjatrader.com/support/forum/showthread.php?t=19148

(2 hours with NT_Josh in big mike q&A...)

http://www.youtube.com/watch?v=riLnopGNGzc