Following is an example of how to create a simple 1 stop/ 1 target ATM Strategy and save the strategy as a template. You can do this via any NinjaTrader order entry screen.
1. Set the order quantity to 1 contract
2. From the strategy control list select <Custom> and ensure that “1 Target” option is selected
3. Set the stop loss value to 4 ticks
4. Set the profit target value to 8 ticks
This simple ATM Strategy will automatically submit a stop loss order 4 ticks from entry and a profit target order 8 ticks from entry.
Via the right mouse click context menu, select the menu “Manage ATM Strategy Templates…”
5. Enter the name “8 Tick 1 Target”
6. Press the “Save” button
Once you press the save button, a template is created for this strategy and will become available in the strategy control list. You can now place an order which once filled will automatically trigger the strategy to submit the stop loss and profit target. In the image below, an order was submitted and filled at 1246 as depicted by the brown colored cell.
7. A profit target was submitted at 1248 which is 8 ticks from our entry price of 1246
8. A stop loss was submitted at 1245 which is 4 ticks from our entry price of 1246
An active strategy named “* Active Strategy 1″ is created and listed under the strategy control list.
9. If under SuperDOM properties you have “ATM Strategy selection mode” set to “SelectActiveATMStrategyOnOrderSubmission”, NinjaTrader will automatically set the ATM Strategy control list to the newly created ATM Strategy. The importance of this is if you place another order, any fills resulting from the order will be applied to the existing stop loss and profit target orders. As an example, if we were filled on an additional contract, our stop loss and profit target would automatically be modified from 1 contract to 2 contracts. Both stop loss and profit target orders are tied via OCO which means if one of the orders is filled, the other will automatically be cancelled. If the option in the first sentence was not checked, the strategy control list would be set to the “8 Tick 1 Target” ATM Strategy template we just created. Any subsequent orders would create an additional strategy that would submit another set of stop loss and profit target orders.
