Stop and target without ATM

[Grantx]

Hi,
If I enter a single long contract trade without using an ATM, how do I set a stop and target?

For the stop would I place a 'sell stop limit' below current price and a 'sell limit' above?

If that is true, then will one of those orders close my trade and not simply reverse the position? Does the other sitting order cancel automatically?

Thanks.

[NinjaTrader_EricB]

Hello,

Thank you for your post,

You'll need to enable OCO prior to submitting the bracketed orders. This will make it so when either reaches the market price, the other will cancel, bringing you back to a flat position. When ATMs are submitted, this is done automatically.

If you have an open position and you wish to add a limit and stop order to protect the position please follow these steps:

In the ATM Strategy drop down menu, set it to a value of "none"
Right click in the SuperDOM or Chart Trader and enable OCO order placement by selecting the menu "OCO Order"
Then place a limit order where you want to exit at a profit
Then place a stop order where you want to exit at a loss
Then right click again and select the menu "OCO Order" to disable the OCO order placement
Now you have a target and a stop placed protecting your open position, and when one of these orders is filled the other will be canceled automatically.
To add an ATM strategy to an unprotected open position, please follow the steps below.

Select the Positions tab of the Control Center.
Right click on the position.
Select Apply ATM Strategy and then select the desired ATM.
Now your position will have ATM applied to it.

Let us know if we may assist further .