ATM Trail Question

[UltraNIX]

I wanted to ask, how could I setup ATM template, so for each 1 tick in profit it would adjust stop loss by 3 ticks? I have large initial stop, which would gradually shrink if price moves in favor.

[NinjaTrader_Emily]

Hello UltraNIX,

Thank you for your note.

What you have described isn't quite possible with the default ATM strategy settings in NinjaTrader. You may configure a stop strategy with an Auto Trail that tightens your stop loss as your profits increase, though the limit is 3 steps as described here:

https://ninjatrader.com/support/helpGuides/nt8/auto_trail.htm

That said, setting up a stop loss that adjusts by 3 ticks for every 1 tick in profit should be possible using a custom NinjaScript add-on. If you have a programming background, our NinjaScript team may provide you links to samples that would help you write the add-on yourself, or we can provide you with resources to find a programmer to create the add-on for you. Please let me know if one of these options interests you and I will follow up accordingly.

Thank you for using NinjaTrader.