I am looking for some help regarding an ATM strategy I’d like to create but having trouble with. Whether this is something that can be done via the ATM window or a ninjascript add-on, any advice would be appreciated. Please see below for the example to illustrate (apologies if this is basic stuff).
Scenario:
Long trade in the E-mini SP
Entry price: 4400
Target: 4420
Stop limit: 4396
-A buy limit is set at entry price + 12 point (4412)
For every 3 points the trade moves in profit, my stop limit will move up 1.5 points.
Here’s the issue:
At 9 points in profit (4409) my stop sits at BE+2 ticks (4400.5). When my buy limit at 4412 is filled, the BE moves to 4406 (12/2cts+entry). At that point I’d like my stop to move up 3.5 points (4404) from that position to sit 2 points below my new average price.
Once this is done, the strategy would continue as it was and move up 1.5 points for every 3 points profit from that moment on until my target is hit.
Is this command feasible in the ATM configuration or would it be something to look for externally in the NT ecosystem? If this has been covered in a previous post I have missed then please let me know.
Again any advice would be much appreciated.
Thanks,
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