Help with OCO orders

[XXfea]

So - how do I tier OCO orders?
Ex: Long 10
Sell stop 10
but I want to take profits on the upside
sell limit 1 and sell limit 2
sell 5 at profit level 1
have the stop adjust to 5

[NinjaTrader_Clayton]

Hello XXfea,

Thank you for the message.

We still need some additional information to provide this example ATM Strategy for you.

• You say "Sell limit 1 and sell limit 2", what do you mean by this?
• Are you saying you want the Profit Targets to be 1 Tick and 2 Ticks away respectively?
• If yes, this would end the ATM Strategy before the Stop had the ability to be moved +5 Ticks from entry.

This is all we could make from your current information:

• 

If you haven't already, please watch through the publicly available videos below for a comprehensive review of setting up and using ATM Strategies:

• ATM 201
• ATM 301
• Stop Strategies Overview
• Additional Options and Strategy Selection Modes
• For more in-depth written information on ATM Strategies from the Help Guide

Please respond with the additional information if you still need further help/suggestions with your ATM Strategy.


Please let us know if we may provide any further assistance.

[XXfea]

You mean- Just Read The Instructions?

Long 10 at 100
Sell stop 10 95
Sell limit 5 at 105
Sell limit 5 at 110

The info provide will do that?

THANKS!!!

[NinjaTrader_Clayton]

Hello XXfea,

Thank you for the update.

What Instrument are you referring to and setting this up for?

• ATMs don't work in Points so the answer above is a little vague
• If we knew the instrument, we could then know the Tick Size and give a more specific answer.
  • 5 Points on the ES is 20 Ticks
  • 5 Points on the CL is 500 Ticks

It is normally easiest to refer to the distance in Ticks so there is no miscommunication on the distance.

For example:
I want to enter Long 10 contracts. I want the inital stop for all targets to be 10 ticks away from the entry price.

• I want the first target to be for 5 contracts and the Profit Target to be placed 5 ticks away from the Entry price
• Then, I want my 2nd target for 5 contracts and for that to be placed 10 ticks away from the Entry price.
• When the first target fills, I want the Stop target to move 5 ticks above entry price.

This would look like:

• 

Please respond with the additional information if you still need further help editing your ATM Strategy.

Please let us know if we may provide any further assistance.