ATM Strategy for Adjusted Stop Losses

[lanredocemo]

I am trying to set up an ATM strategy that does the following:

1. Start with 20 ticks stop loss and 80 ticks take profit when a position is opened
2. When the position is in profit by 32 ticks, set the stop loss to 16 ticks below the current price
3. When the position is in profit by 64 ticks, set the stop loss to 30 ticks below the current price

Note, the original profit target does not change, only the stop losses do.

The only feature that I think I can use to achieve this is Auto trail, but that chases the price. I want the stop losses to be fixed. I will appreciate any pointers in the right direction to achieve the above.

Thanks in advance

[NinjaTrader_Clayton]

Hello Ianredocemo,

Thank you for the message.

You did a great job at explaining how you would like your ATM Strategy to work!


The way this will work is that once it is triggered:

• A Stop Target will be placed 20 ticks away from the Entry Price and a Profit Target will be posted 80 Ticks away.
• After 32 Ticks in your favor, the Stop Target will be pulled to be 16 Ticks behind it (+16 Ticks from Entry) and it will only move once due to the frequency being set at 9999
• After 64 Ticks in your favor, the Stop Target will be pulled to be 30 Ticks behind it (+34 Ticks from Entry) and it will only move once again.
• After 80 Ticks in your favor, the Profit Target will be hit exiting the position.

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

[lanredocemo]

Thanks NinjaTrader_Clayton, it worked great.