ATM strategy help

[Mr Bread]

Can any one help me.

Is it possible to build a ATM strategy that would allow the setting of say 3 limit orders at various different prices.

That when the first limit order gets filled it removes the second two and adds a stop and a profit target.

Thanks very much

[NinjaTrader_Erick]

Hello Mr Bread ,

Thank you for reaching out.

You would be able to accomplish this using OCO features of the Desktop platform.

Please see this publicly available video on OCO orders from our YouTube channel:

https://www.youtube.com/watch?v=WRljOiyDaq4

This explains how to placing a breakout strategy with OCO orders that have ATM Strategies applied. Essentially the steps would be as follows:

• right-click within your order entry window and enable OCO
• select the desired ATM Strategy and place your first order
• select the desired ATM Strategy and place your second order
• right-click and disable OCO

One thing that I would like to point out (it is a common mistake/misunderstanding) has to do with the "Active ATM Strategy" - it can get a little tricky. Once you place your first order with an ATM Strategy selected, depending on your ATM Strategy Selection Mode, the dropdown list for ATM Strategies may automatically select the active strategy with a lightning bolt symbol to the left of the name.

If you try to place a second order, you will receive an error message. It is important that you select a template or custom strategy from the dropdown menu again so that it shows the name with the little 'i' for information to the left rather than the lightning bolt.

For more information, I have included a link to the ATM 201 webinar with a timestamp for the section that goes over active ATM strategies:

https://youtu.be/Gnyx8RSp3EI?t=1277

Here is the help guide section that goes over the different ATM Strategy Selection Modes:


https://ninjatrader.com/support/help...ction_mode.htm


Let us know if we may be of further assistance.

[Mr Bread]

Thanks very much for your help