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Stop Loss Question
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Stop Loss Question
Hello. Hope all is well to whoever is reading this. Here is an example of what I would like to do. Example- Let's say I'm trading the ES and the price is currently at 4600. I would like to set up an order to where if it hits 4605 that I would like to buy that order with a stop loss of 8 ticks and profit of 8 ticks. How can I do this? I understand how to use the SuperDom but the price moves too fast sometimes to get the exact price that I want and then I have to wait for the exact price to hit to try and execute this trade. I also understand that I can right click on the chart and hit buy limit or sell limit to get the exact price I want but there's no option or a stop loss strategy with this method. Can someone please point me in the right direction on how to accomplish my question. Thank you in advance for the reply.Tags: None
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First, setup an ATM (Automated Trade Management) with the 8 tick take profit and stop loss. There is lots of good documentation on this.
Then just right click and place a Buy Market order at 4605. When the price hits 4605 it will place the order and create the TP/SL entries for you on screen.
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Hello Rubix,
Thank you for your note.
Please see the following link to the ATM Strategies section of our Help Guide: https://ninjatrader.com/support/help...gement_atm.htm
Please let us know if we may assist further.
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