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After contributing to one of the other threads about taking all the possible temptations of trading away so you have less of a chance of making mistakes it got me thinking.
I personally use NT8 and my biggest issue has always been moving stoploss. I'm a price action trader and if I think price still has more wiggle room I will move my stoploss but sometimes this ends up shooting me in the foot and after some calculations its much wiser for me to eat the loss and renter at a more advantageous price.
With that said I am looking to see if NT8 can be programmed a certain way to make this temptation go away.
Basically what I am suggesting is locking the ATM strategy so you can not modify it when its submitted.
And if you close the the stoploss/take profit lines (pressing the x) it would close the trade out.
I think this could end up helping lots of folks and especially new trader's
I've spoken with ninja support and after a long discussion they basically said rhitmic can do this but it is not guaranteed it will work and would be better setting an overall account limit then trying to do this on a per trade basis.
My programming skills are little to none and hoping someone from the community can chime in
I know we have a programming sub form but this get much more traffic
-P
"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
You should create a strategy to do this and not the ATM.
The ATM is designed to allow for changes by the user.
Strategies can be programmed to either close themselves if you move the stop / target or not allow it at all.
If you create a strategy and close the ATM and Chart Trader, you can't close the trade unless the strategy closes it.
The problem with this is you lose control in case you MUST get out.
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
that's what I was originally thinking but like you said there is no off button and with the atm if you were to press X on the side it "would" close.
I don't know jack about programming but is there a way to create an external button that would over ride the strategy ? almost like a IF statement x happens until button press
-P
"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Yes, almost anything can be programmed with enough effort.
Usually I program a way to have a tool bar button that will close the trade, go long, go short etc.
But that is because I am paranoid from dealing with computers for the last 40 year.
Here is an example:
(I have most everything programmed into NT7)
(I am now experimenting with NT8 so not well developed in the first image)
NT 8
The STRAT drop down is what you see on the image (OFF/AUTO etc)
NT 7
This has buttons for most things at the top plus two drop downs.
The STRAT one is for different stop follows and can be ON/OFF.
ALL of the buttons and drop downs can be programmed to do anything in the script.
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
the first image is basically what im looking for but making the s/l locked
you have it to exit all and instead of having a auto entry you can enter long or short for x amount of ticks and then exit like a normal atm
-P
"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Found these on FIO over the years and loved them both, but improved slightly on them to show "Show Trades" on the MarkersOnly and then "Show Trades+" for Text and Markers. Description now also specifies which does what but kept the names as are to avoid …
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !