Splitting an ATM order into smaller positions NinjaTrader Support Forum (2024)

FAQs

How to use ATM strategy ninjatrader? ›

Closing Positions

Clicking on the "Close" button with your left mouse button will close the current position, as well as cancel any working orders associated to the instrument/account combination. Clicking on this button with your middle mouse button (scroll wheel) will close the selected active ATM Strategy only.

Removing or Renaming ATM Strategy Templates

Right clicking on an existing ATM Strategy template will give you the option to either Remove or Rename the strategy template.

You can add as many targets as you desire. Selecting "remove" will reduce the number of configured Targets that are configured. Tip: You can also add Targets to your ATM Strategy by right-clicking on an active strategy in the ATM Strategy combo box and selecting “Add Target”.

This mode is designed for traders who by default, want to always create a new set of Stop Loss and Profit Target brackets (new ATM Strategy) with each new order placed. An example of this would be a trader who wanted a single bracket placed with a Stop Loss of four ticks and a Profit Target of eight ticks.

OCO Orders (One Cancels Other)

This can be ideal for manually placing bracket entry orders, or placing Stop Loss and Profit Target orders. Stop loss and profit target orders submitted automatically via an ATM strategy are always sent as OCO; however, you can submit entry or exit orders as OCO orders as well. Why?

A one-cancels-the-other (OCO) order is a pair of conditional orders stipulating that if one order executes, then the other order is automatically canceled. An OCO order often combines a stop order with a limit order on an automated trading platform.

If you set the property "Optimize on" to "Max. net profit", "Max profit factor", and "Min. draw down" the optimizer will seek the optimal input values based on those three optimization fitness objectives. There are over 10 different optimization criterion you can select and can be customized via NinjaScript.

In technical analysis, if a trend breaks down, it might be time to exit, regardless of the trade's value. Review the reasons for the trade. If the reasons no longer apply, even if the trade hasn't hit a profit or loss target, it may be time to reassess holding the trade in your portfolio.

Which indicator is best for exiting a trade? ›

What is a Shadow Strategy? Initiating a Shadow Strategy is a method for forward testing alternate trade management ideas. As an example, you may have a method that is profitable, but you have some ideas on how to increase its profitability. Maybe hold on to a few contracts for a higher target?

Understanding At The Money (ATM)

Simply put, ATM options are not in a position to profit if exercised, but still have value—there is still time before they expire so they may yet end up ITM. The intrinsic value for a call option is calculated by subtracting the strike price from the underlying security's current price.

ATM Strategies are designed to provide discretionary traders with semi-automated features to manage their positions. This is NOT to be confused with NinjaScript Strategies for automated trading systems.

An ATM Strategy can be thought of as: "A collection of user defined rules/conditions that create and manage a set of Stop Loss and Profit Target orders that are used to govern a portion or an entire open position."

Surcharge Fees: You earn a portion of the surcharge fee collected from each transaction. The exact amount depends on your agreement with the ATM processor or owner. Interchange Fees: You might receive a portion of the interchange fee paid between banks for using their networks.

Strategy Description

Buying a long at-the-money (ATM) put is a very simple option strategy for a bearish position. Your gains are essentially unlimited, if the stock price drops all the way to $0, and your risk is capped at the amount you spend on the option.

An ATM Strategy can be thought of as: "A collection of user defined rules/conditions that create and manage a set of Stop Loss and Profit Target orders that are used to govern a portion or an entire open position."