Custom ATM Question

[RockRiver]

hello, i have been on nt7 for about 5 years and i know the program forwards and backwards. recently, i have the need to create an ATM that does a specific thing and i havent been able. i spent quite a few hours yesterday testing. this is what i need, let me know if this is possible or someone out there can create code for this:

once i enter a trade (20 contracts on NQ) I have the ATM combine the stops, move them all to BE+1 at 4pts in profit. once the first target is hit i need to stop(s) for the remaining contracts go backwards from BE (breakeven) to where the stop/risk was during the initial entry based on my RM strategy. so once again all stops go to be+1 then when half the position is taken off, i need the stop for the remaining 10 contracts to go back to where i placed it originally.

i have been doing it manually for about 1 year now and im not as fast or accurate as the ATM can do it. As we all know the ATM can move to BE+1 in fractions of a second, well I also need it to be able to move the stop to BE -4 points just as quickly so i dont have to pickup the remaining stop then manually drag and drop it back.

so far i havent been able to find anything on the internet for the ATM moving the stop to breakeven then moving it backwards, it seems the ATM can only move stops in favor of risk, not against it. i need it to move against price (increase risk automatically, but in reality im not risking anything because half the postion would have been taken off already)

i will not explain or answer any questions on my strategy or risk management. Please keep all posts/answers/questions related to the ATM of NT7.

THANK YOU TO ALL WHO POST!

[NinjaTrader_AlanP]

Hello RockRiver,

Thank you for your note.

Is the ATM submitted through clicking on the superdom/Chart Trader or submitted through a strategy?

If done through a strategy you could use the AtmStrategyChangeStopTarget method to change your stops/targets,

https://ninjatrader.com/support/helpGuides/nt7/?atm_strategy_methods.htm

However if the ATM was submitted manually, what you'd like to do is unsupported but may be possible in NT&. If you were using NT8 this would be easier, and I could provide a sample on finding working orders submitted outside a strategy which you could then apply your logic to.

I look forward to your reply.

[RockRiver]

Atm

Thanks for the response! I am using the ATM to submit the orders and i have custom targets, stops, and stop strategy. I do not know how to code in any languages and have not coded my own strategy, i just use the ATM parameters ive created. i use hot keys to submit the orders and the ATM places everything where it needs to be. The only thing i would like it to do is move my stop back to its original place when the first target is hit. The first target is always placed based on the initial risk. I.E. if risk is 3.5 pts, first target is 3.5 pts, etc. Since the first target is only used to eliminate all risk, moving the stop backwards past BE does not increase risk, but instead gives the trade idea more room to play out. I have been moving the stop manually for some time now and it would be nice to have the ATM move it since it can do it quicker than i can when the first target is hit and half the position is taken off. Thanks again

[NinjaTrader_AlanP]

Hello RockRiver,

What you're looking to do could be accomplished with an Addon however would require custom coding.

Would you like a list of third parties that would be interested in developing this for you?

I look forward to your reply.

[RockRiver]

Thank you

Yes thank you Alan. That would be very helpful! I don't mind doing it manually as I'm pretty used to it already, but it would be nice to automate it.

[NinjaTrader_AlanP]

Hello RockRiver,

I would suggest automation for the same reason pit traders should have learned code.

It may be nice to have a standalone Addon with buttons, which when you click a button it will enable this auto adjust feature on that specific market.

I will have someone follow up with a list of third parties.

[NinjaTrader_JaredM]

Hello RockRiver,

This is Jared from the NinjaTrader Business Development team responding on behalf of my colleague Alan.

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[RockRiver]

Thanks

Awesome thanks for all your help, I appreciate it!