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Quantity reset to 1 after initial order
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Quantity reset to 1 after initial order
Hello, I'm hoping this is an easy question. I have an ATM stop strategy for 8pts with a quantity of 1. There are times when I adjust the quantity to 2 or 3 to place a trade. When I see a golden opportunity I want to add to the position, but I want to only add 1 additional contract instead of the 2 or 3 quantity that it defaults to from the last entry. Is there a setting that will reset it to 1 after my initial? ThanksTags: None
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Hello
Thank you for your post.
The setting you are looking for is the 'Scale Quantity' parameter.
Here is an excerpt from the NinjaTrader Desktop Help Guide:
To access the Chart Trader properties window, please right-click on the Chart Trader and select 'Properties' from the context menu. When you have an active strategy selected in the ATM Strategy dropdown menu, any new orders submitted will scale into or out of that active strategy instance. Once filled or partially filled, existing stop loss and profit target orders will be modified to reflect the new position strategy size. You can preset a default scale in or out quantity via the "Scale Quantity" property accessible via the Chart Trader properties window. As an example, your initial strategy may call for opening a position of four contracts, but you want subsequent scale orders to be only one contract. If the Chart Trader's "Scale Quantity" property is set to a value of 1, the Qty (Quantity) field will be set to a value of 1 automatically when an active strategy is selected in the list.
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