Average at STOP LOSS

[surya]

Team,

I have below strategy with STOP LOSS at 10$ move (40ticks) from entry, now instead of hitting stoploss, I want system to average with 2 more entries. Now the Profit target and StopLoss Targets should be 20:40. No more average at this point.

Please help me how to setup this?

[NinjaTrader_ChristopherJ]

Hello surya,

To clarify when averaging into a position you would like for the additional entry to get its own Stop Loss and Profit Target instead of being combined to the existing strategy? If so to achieve this you will want to use the following steps to change your ATM Strategy selection mode.

• Right click in in the Chart Trader panel or SuperDOM->Properties
• Select "Keep selected Atm strategy template on order submission" from the ATM Strategy selection mode drop down menu
• Click Ok

I have included a link below to our Help Guide that goes over the different ATM Strategy Selection Modes.

• https://ninjatrader.com/support/help...ction_mode.htm

[surya]

Sorry, let me reiterate my question:

I have an ATM strategy with 20 Ticks Profit, 40 Ticks Loss.

When I am in trade ("1 MES"), when the Price reaches 40 Ticks Loss, I don't want the LOSS to trigger. Rather, I want system to take 2 more (2 MES) entries near my Current Loss.
So now, I am with total 3 MES, with 20 Ticks Profit and 40 Ticks Loss.

If now these 3 MES reaches 40 Ticks Loss, I want the System to take the 3 MES Loss and close the trade.

[NinjaTrader_ChristopherJ]

If you have your Stop Loss at 40 Ticks currently there is not an option to have the Stop Loss held at that price until a new entry order of 2 contracts is executed.

[surya]

So with ATM, how can I make ATM to take another 2 entries near my STOP LOSS area.

[NinjaTrader_ChristopherJ]

With your 'Active ATM Strategy' selected, set your order quantity to 2, then submit your additional entry orders at the desired price.

When this order is executed your position will be increased and stops/targets will be adjusted to account for this change in position size.

We have a video publicly available at the link below that goes over Scaling In and Out of an Active ATM Strategy.

• https://youtu.be/mRTRsVYD6cQ