Strategy that places stop 1 tick below the entry/signal bar

[Snowman1517]

Hello.
I simply need help building or finding a strategy that automatically places a stop 1 tick below the bar i enter .. does this exist and if so please help

[NinjaTrader_Jesse]

Hello Snowman1517,

That type of stop could be created by using a strategy or an ATM strategy. An ATM strategy could place targets at X ticks based on the fill of the entry order. If you wanted to use the actual bar price a NinjaScript strategy could be used for that task. You can find an example of a strategy builder strategy that uses a custom price for a target in the following post: https://ninjatrader.com/support/foru...596#post806596

Please let me know if I may be of additional help.

[Snowman1517]

How would I go about doing that with a ATM strategy?

[UltraNIX]

It exits, but it's not worth it. I backtested it already and can tell you that it's not the most profitable way in risk management. Yet, you decide.

[NinjaTrader_Jesse]

Hello Snowman1517,

The ATM is based on the entry price so you can offset by 1 tick as a target by just entering 1 as the offset. For the bar price a ninjascript strategy would still be needed there.


Please let me know if I may be of additional help.

[Snowman1517]

How do I build the strategy ?

[NinjaTrader_Jesse]

Hello Snowman1517,

You can see the public youtube channel for webinars that cover ATM use here: https://youtu.be/Gnyx8RSp3EI

To do what was described you could use 1 tick offset as the targets offset in the ATM template.

For a NinjaScript strategy you would need to follow the sample in the post #2 link, that would be how to price a target order while using the builder. You can use a variable or a custom series to store prices that can later be used for exit type orders.


Please let me know if I may be of additional help.