Help With ATM

[Adamcoin33]

Hey Everyone. I hope your weekend went well! I'm new to setting up ATM strategies so I was wondering if I could get a little help. So these aren't the exact numbers I'll be using. These are just for the example.


Say I wanted to enter a trade for 2 contracts.
First target 20 ticks
Second target 40 ticks
Stop loss 10 ticks

But I want my stop loss to move up after my first target to reflect the current situation. How do I go about setting this up? I did look up some videos and stuff but I am still conflicted. I'll attach a screenshot of how I have it set up. But I think it's wrong because this will actually put 2 physical stop losses on the chart right? That isn't what I'm looking for.

I can even move the stop loss myself. It's just that when I create 2 profit targets, it makes me put 2 different stop losses also.

[NinjaTrader_Manfred]

Hello Adamcoin33,

Thank you very much for your post.

To set up the ATM strategy's Auto-Trail, please create a "Stop Strategy". I've included an example below:



The way this Stop Strategy would behave is as follows:

At 20 ticks of profit (Profit Trigger), the Stop Loss is moved to 20 ticks behind (Stop Loss). This is repeated every 999 ticks (Frequency).

If you would like the Auto-Trail to update each tick, you could set the Frequency to 1. By setting it to 999, it would only adjust the Stop Loss once.

Please don't hesitate to let me know, should you have any further questions!

[Adamcoin33]

Hey Manfred. Thank you for your response. You're promptness is legendary. This is a great! Thank you. There's just one part that I'm confused about. In the first screenshot you have stop loss set to 5 ticks for the second target. Isn't this going to put 2 different stop losses on the chart?

[NinjaTrader_Manfred]

Hello Adamcoin33,

Thank you very much for your reply.

In my example, this would indeed cause different stop losses (this could lead to Target 2 closing before Target 1, resulting in the Auto-Trail never actually triggering).

I copied the settings you had on your screenshot, as I thought this might be intentional.

If you would like to have both targets use the same Stop Loss, please ensure they are identical.

Please don't hesitate to let me know, should you have any further questions!

[Adamcoin33]

Hey Manfred. I appreciate it. So this is how I envisioned it.

Enter trade for two contracts
Target 1
Target 2
Only one stop loss, that moves up when target 1 is hit

[NinjaTrader_Manfred]

Hello Adamcoin33,

Thank you very much for the clarification.

In this case, you would just have to set both Stop Losses to the same value.

Please don't hesitate to let me know, should you have any further questions!