Auto Cancel exisiting orders when scaling in with ATM

[PSTrading]

Hello hello,
little question.

I would like to use a simple ATM strategy with a stop and a target. Mostly I begin with 1 contract and after few ticks I would like to scale in with the same strategy. (for ex. 15 ticks stop, 30 ticks target.
The issue ist that when I scale in the stop and limit orders stay at their price before I scaled in. But I want to have 15 ticks stop and 30 ticks target again from new average entry price.

Is there a chance to do that?
I couldnt find anything..

Thanks in advance!

Best regards,
Patrik

[NinjaTrader_JustinD]

Hello Patrik,

Thank you for using NinjaTrader.


Yes, to do this, right-click in the Order Entry window you are using to trade and select 'Properties' where you can change the ATM Strategy Selection Mode to 'Keep Selected ATM Strategy Template on Order Submission'. This will submit separate stops and targets as you add additional contracts to an existing position. By default, the 'Select Active ATM Strategy on Order Submission' mode submits additional stops and target contacts to existing Stop and Target order flags.

A full overview of these different options may be read here in our NinjaTrader Help Guide - ATM Strategy Selection Modes

Please let us know if you have any additional questions.