Newbie questions to ATM

[carrmcc]

I am attempting to learn to trade the ES market (after having traded stocks for a number of years). Additionally I am new to Ninja.

In attempting to use an ATM strategy to assist in managing a trade once an order is filled, I m trying to accomplish the following....

Enter with 5 contracts, 2 point Stop loss. Remove 3 contracts at 3 ticks and move the S/L to entry point. The remaining 2 contracts remove at 5 ticks.

The problem I am having is how to tell ATM to remove the first 3 contracts and move the Stoploss at 3 then remove the other 2 at 5.

One of the things I really like about Ninja is the ability to enter orders directly on the charts as well as using the DOM. Is ther a way to accomplish this with the chart trading feature?

Thanks for the excellent forum and the excellent software. Im still trading on sim right now trying to get to the day when I can go with my live account. Thanks

Carr

[NinjaTrader_Josh]

Please check out this video: http://www.ninjatrader.com/V5_Videos/AutoBreakeven.html

You may also find the other videos in the ATM section useful: http://www.ninjatrader-support.com/HelpGuideV6/VideoLibrary.html

[carrmcc]

Josh

Many thanks for the vid URL and the prompt reply.

Carr

[carrmcc]

Josh

Many thanks again. Found out how excellent the help section and the videos are. Got the strategy created and loaded in about 15 minutes. Just a quick note to say thanks again for getting me started in the right direction..
Carr

[NinjaTrader_Josh]

You're welcome. Glad you got it sorted out so quickly.

[kian1]

Hi
when trading with stops and trail stop
some stocks do not allow for stops will ninja trader execute if the price gets to the stop even if they do not allow stop for that perticular stock.

Thanks

[NinjaTrader_Ray]

What stock/exchange/broker does not allow for a protective stop to be put in place? This is new to me.

[kian1]

some of the nasdaq will not allow stops

[NinjaTrader_Ray]

Then that means the broker would not accept a stop order and if this is the case then the order would be rejected as NT tried to place it. You could use a simulated stop in an ATM strategy to get around this in which case NT will monitor the stop price while connected and submit a market order once the stop price is triggered.

[kian1]

That is exactly what i needed to know/
Thanks much...:D