Constant stop loss and take profit

[TheTodd]

Greeting! So I’m going to explain this the best I can. I have searched for an answer and watched videos and I can’t find what I am looking for.

I have an ATM strategy set up to sell at a loss of $200 ( stop loss) and to take profit at $500. This is for one contract. However, if I see that the trade is moving in my favor, I want to add contracts to hit the $500 faster. However, if I add contracts, it doubles the SL and TP to $400 and $1000 respectively. I want it to stay the same no matter how many contracts I add or start with. I hope this makes sense.

v/R

[NinjaTrader_Erick]

Hello TheTodd ,

Thank you for reaching out.

Unfortunately this would not be possible.

Default ATM behavior in NinjaTrader scales the profit target and stop loss based on the new total position size. Unfortunately, NinjaTrader’s ATM strategies do not have a built-in setting to keep the original profit target fixed at a dollar value while adding contracts.

You would need to manually adjusting the profit target after adding contracts.


The way trading works:

If I am long 1 contact that has been running for a while is now at at $400 Profit

If I then buy another contract at that moment and am 2 Long, my position would not be $800 in profit.

The position will be averaged.

If you are placing these trades on the same account, broker is going to report average/aggregate position price by design.

There the Sim101 engine (and any broker) will stack your positions together in some way when trading to a single instrument and account.

What may interest you is 'virtual' position display using ATM strategies with a 'Strategy selection mode' of 'Display Selected ATM Strategy Only". Here is a link with more information:

• https://youtu.be/1Mg4SI7LWpM?t=175
• https://ninjatrader.com/support/help...rategyOnlyMode

Please let us know if you have any other questions.