ATM Questions

[suraj]

Hi

I have a question about how to use the ATM strategy properly when adding contracts: I have a simple ATM for 1 contract with 20 tick stop and 20 tick target.
After entering into a trade with one contract and the market having moved some I update my stopby say 5 ticks. At this time I want to add another contract but want to retain original stop and target but when I enter another contract the second stop is lumped in with the first stop (now at 15 ticks) and it is for 2 contracts and the target also gets lumped in with the first contract target - if for example I had moved it to 25ticks - now I have a target of 25 ticks with two contracts.

How to keep the two orders separate and have individual stop and targets and keep them separated? Also if the stop and targets have been "consolidated" is it possible to separate them?

thanks,
Suraj

[NinjaTrader_Clayton]

Hello suraj,

Thank you for the message.

You would want to change the ATM Strategy Selection Mode so that it keeps the newly placed targets separate:

• Right-click on the SuperDOM or Chart Trader Panel > Click Properties
• ATM Strategy Selection Mode > Switch this to "Keep selected ATM Strategy template upon order submission" > Click OK
  • Click here for more detailed information on the "Keep selected ATM strategy template upon order submission" setting

Please follow along with this publicly available video that goes over the different ATM Strategy Selection Modes:

• https://youtu.be/1Mg4SI7LWpM

If the targets land on top of each other, you can right-click on the order tile and select to Increase or Decrease the price of one of the targets and it will slide them apart.

Finally, please remember that all of your orders will always be subject to FIFO (First In First Out) no matter which entry generated the targets.

• Your positions will be exited in the order that they were entered, there is no way to change that.
  • How NinjaTrader preserves FIFO

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

[suraj]

Hi Clayton,

thanks for the explanation and the links for details. That will help to understand ATM usage.
cheers,
Suraj