ATM running on current price

[NjTMatthew]

Hello,

When I go to Positions and right-click to apply an ATM strategy to a position, it activates it as though I only entered the trade right then and uses the current price as the entry price. It is supposed to run everything from the actual entry price. I can't find the setting to fix it.

Thank you!

[NinjaTrader_Clayton]

Hello NjTMatthew,

Thank you for the message.

The Positions > ATM Strategy feature is working exactly as expected.

• It deploys the Targets in relation to the current market price, not the original prices.
  • Imagine if the market moved in your favor already past the number of ticks defined in the original ATM Strategy for your 1st Profit target or 1st Stop Target. It would nullify the ATM strategy purpose and potentially cause it to not work or give order errors.

You can either:

• Select your desired ATM Strategy before placing the order so that the targets are deployed in relation to the Entry Price
• Or, make a modified version of your ATM Strategy that accounts for potential market movement and puts your targets at the desired prices when they are immediately placed using the Positions > ATM Strategy feature

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

[NjTMatthew]

• Imagine if the market moved in your favor already past the number of ticks defined in the original ATM Strategy for your 1st Profit target or 1st Stop Target. It would nullify the ATM strategy purpose and potentially cause it to not work or give order errors.

Exactly. When I apply the ATM Strategy to a live trade that has already moved in my favor, I want it to place and execute all of the exit limit orders that would already have been triggered, and set the remainder at the proper places based on the original entry price. If price is already in a better place than where my limit orders would have been, they should still execute just fine, shouldn't they?

• Or, make a modified version of your ATM Strategy that accounts for potential market movement and puts your targets at the desired prices when they are immediately placed using the Positions > ATM Strategy feature

I don't know how I would be able to precisely time the application of the ATM Strategy so that it puts the orders in the proper places based on the original entry price.

Is there a way to do this with an Indicator or Strategy using NinjaScript? For example, set a condition where, if price moves a certain distance from my entry, instantly apply an existing ATM Strategy?

The problem is that I use really close stops, but I can't set them as soon as I enter, because I inevitably get stopped out. I want to give the bar a few seconds to start moving in my direction before I set the stops. If it moves against me, I can just close the trade manually, but if it goes in my favor, I want to be able to quickly activate the strategy with my targets and stop, without needing to know exactly how far from my entry price things have already moved.