Hi all, I was hoping someone could point me in the right direction as I'm trying to figure out if this trading methodology is viable. Using ninjatrader I want to trade 2 contracts. Upon entry both contracts have a stop loss of 4 ticks. The first contract has a profit target of 3 ticks of which it practically always hits. What I want to do is if the first profit target is hit, move the second contracts stop to break even. This way if the move does happen to reverse on me essentially the trade scratches (minus commissions of course) so essentially contract 1 gains cancel out contract two's reversal. This way if I'm "wrong" its more or less a scratch, but when I'm right I'm in the money. Is there a way to do this in ninjatrader through the ATM strategy dialog boxes? Or is this something I would have to code? Thanks for any help!

drunkcolonel 

Hi all, I was hoping someone could point me in the right direction as I'm trying to figure out if this trading methodology is viable. Using ninjatrader I want to trade 2 contracts. Upon entry both contracts have a stop loss of 4 ticks. The first contract has a profit target of 3 ticks of which it practically always hits. What I want to do is if the first profit target is hit, move the second contracts stop to break even. This way if the move does happen to reverse on me essentially the trade scratches (minus commissions of course) so essentially contract 1 gains cancel out contract two's reversal. This way if I'm "wrong" its more or less a scratch, but when I'm right I'm in the money. Is there a way to do this in ninjatrader through the ATM strategy dialog boxes? Or is this something I would have to code? Thanks for any help!

I think this should work.