When using an ATM strategy on chart trading, is there a way to incrementally increase the target take profit level based on the number of times you get stopped out? For example, if I have a 2 point stop and a 10 point target, I get stopped out once, then in the next trade, the target increases by 2 points to 12 and so on, and if I get stopped again, the next target increases by 2 to 14. Please advise.
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Hello tradertom2012,
Thank you for your post.
You could manually modify the ATM strategy profit target each time you are stopped out. Otherwise, if you are looking to have the increase happen automatically it should be possible using a custom NinjaScript add-on. If you have a programming background, our NinjaScript team may provide you links to samples that would help you write the script yourself. Otherwise, we can provide you with resources to find a programmer to create the script for you. Please let me know if this option interests you so I may follow up accordingly.
Thank you for using NinjaTrader.
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