Code ATM to manage open positions

[alejandro888]

Hi there Ninjas,

I want automatize my open positions management by coding.

I usually use an ATM strategy to set a predefined stop loss and take profit when I open a position. Then I manually adjust the stop loss and take profit added for the ATM strategy to a different price according to my own risk-reward ratio for that specific trade

Let's say I opened a position using a risk:reward 1:5

When the price reaches 1:2+ I move my stop to 1:2
When the price reaches 1:3+ I move my stop to 1:3
When the price reaches 1:4+ I move my stop to 1:4
I do it until the price reaches my target or touches my stop loss

By coding my input should be my initial/moved stop loss or stop loss where it is negative acording my entry. Where it should act as a trailing stop then the price reaches 1:2+, 1:3+, etc

Can someone address to documentation or methods related to an ATM or stop loss?

Is it posible control/adjust my stop loss when the positions are place manually and not from an automatized strategy ?

Regards,
Ale

[NinjaTrader_ChrisL]

Hi alejandro888, thanks for your quesiton.

In a NinjaScript Strategy, you can submit pre-existing ATM strategy templates. You can not modify orders submitted by a strategy, but you can modify the Stop and Target of the ATM if you use ATMStrategyCreate() in your script.

https://ninjatrader.com/support/help...strategies.htm - Using ATM strategies through NinjaScript.

Of course, you don't have to use ATM templates. We have this example that shows how to set up OCO protective orders through code:

https://ninjatrader.com/support/helpGuides/nt8/?using_onorderupdate_and_onexec.htm

Please let me know if I can assist any further.