else if (Position.GetUnrealizedProfitLoss(PerformanceUnit. Ticks, Close[0]) >= 20) AtmStrategyChangeStopTarget(0, Position.AveragePrice, "STOP1", atmStrategyId); } } NinjaTrader_PaulH NinjaTrader Customer Service Join Date:May 2014 Posts:9210 ...
Setting Risk Management Parameters: Based on backtesting results, you can set stop-loss orders, take-profit levels, and position sizes that align with your risk tolerance and capital preservation goals. This ensures that trades are exited at predetermined levels to minimize losses or protect profits...
The next step is to choose the platform on which you will build your automated trading system. There are many platforms available, includingMetaTrader,NinjaTrader, and TradeStation. Each platform has its own strengths and weaknesses, so it’s important to choose one that suits your needs. You s...
Stop-Loss Order: A stop-loss order is an order placed with a broker to buy or sell a stock once the stock reaches a certain price. This order can limit your loss on a security position. For example, setting a stop-loss order at 10% below the price at which you bought AMC stock wi...
then he’d wait. If it showed him a loss he’d get out. If it started to go up, he’d assume that he was trading in the right direction and then he’d add another contract. If it went up again, he’d add a bit more, and a bit more, and a bit more, and so on, slowly...