Reverse at stop loss but want different ATM strategy

[aehartle]

I was able to set up an auto trade with stop loss and profit target. My problem is that when I do the reverse on stop loss box it uses the same profit target and stop loss parameters as the initial order. How can I change this so that it uses a different ATM strategy if it gets stopped out and the reverse is open?

ie
PT = 10 points
SL = 5.75 points

if SL the reverse position and new targets
PT 2.5 points
SL 5.75 points

I have found that a quick reversal allows me to reduce the initial loss on the signal until a new one comes up. Just trying to make it automatic instead of me having to try to be quick and adjust the reversal position in time.

[NinjaTrader_Kate]

Hello aehartle,

Thank you for your post.

To clarify, are you talking about an ATM for an order you have manually placed and selected "Reverse on Stop" in the ATM template, or an automated strategy that uses ATM methods and places entries for you? This forum is primarily for discussion of automated strategies programmed using NinjaScript.

If you are using an ATM with manual entries, no, it would not be possible to use a different ATM template on reversal.

If this is an automated strategy using ATM methods, you could theoretically program logic into a script to use a different ATM template if a stop is hit and your strategy logic indicates there should be a different template used.

Please let us know if we may be of further assistance to you.