View Full Version : Adjust stop after x ticks gained
billworld
08-01-2010, 10:43 AM
Is it possible to set up an order management strategy for an ES contract as follows:
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Initial TP = 7 ticks; Initial SL = 7 ticks
Upon an unrealized gain of 2 ticks, move the SL to 4 ticks
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If so, what are the steps?
Thanks
Bill
NinjaTrader_ChristopherJ
08-01-2010, 11:30 AM
Hello bilworld,
Thank you for your post.
Yes in order to achieve this please use the steps I have provided below:
WIthin your ATM Strategy parameters set Stop Strategy to Custom
This will open the Stop Strategy window
Auto Breakeven
Set Profit Trigger to 2
Set Plus to -4
Click Ok
I have also provided links below to our Help Guide that goes over the Auto Breakeven and Autot Trail features.
http://www.ninjatrader-support.com/HelpGuideV6/AutoBreakeven.html
http://www.ninjatrader-support.com/HelpGuideV6/AutoTrail.html
Please let me know if I may be of further assistance.
billworld
08-01-2010, 12:23 PM
Excellent. I saw the breakeven option and was wondering if it might be cajoled into doing what I want. I wasn't sure as I'm not actually setting a breakeven stop. Anyway, I very much appreciate the quick response. I'll give this a go.
Bill
Hello bilworld,
Thank you for your post.
Yes in order to achieve this please use the steps I have provided below:
WIthin your ATM Strategy parameters set Stop Strategy to Custom
This will open the Stop Strategy window
Auto Breakeven
Set Profit Trigger to 2
Set Plus to -4
Click Ok
I have also provided links below to our Help Guide that goes over the Auto Breakeven and Autot Trail features.
http://www.ninjatrader-support.com/HelpGuideV6/AutoBreakeven.html
http://www.ninjatrader-support.com/HelpGuideV6/AutoTrail.html
Please let me know if I may be of further assistance.
billworld
08-01-2010, 01:45 PM
Hello bilworld,
Thank you for your post.
Yes in order to achieve this please use the steps I have provided below:
WIthin your ATM Strategy parameters set Stop Strategy to Custom
This will open the Stop Strategy window
Auto Breakeven
Set Profit Trigger to 2
Set Plus to -4
Click Ok
I have also provided links below to our Help Guide that goes over the Auto Breakeven and Autot Trail features.
http://www.ninjatrader-support.com/HelpGuideV6/AutoBreakeven.html
http://www.ninjatrader-support.com/HelpGuideV6/AutoTrail.html
Please let me know if I may be of further assistance.
Is it not possible to save custom ATM settings and then reload them? I'm not seeing how to do this.
billworld
08-01-2010, 01:47 PM
Sorry. I just figured it out. No worries.