When we follow more than one Setup on an Instrument, it is possible that we may need to trade an Instrument which is already being traded.
Usually we have different Setups on Different Charts for each Setup we Follow, but when we trade the same instrument multiple times on same account we get mixed orders making the analysis of each setup confuse.
Let see on the following pictures how can we manage that situation on Ninjatrader using the Chart Trader :
On this Chart we can see an example of a Long Trade of 1 contract with its corresponding ATM Stop and Target
And we get the same mixed orders and positions on all Charts ( assuming we are trading both setups on same Account )
On this picture we can see that there is no position and targets above and below the market. Same for the Stops.
We can configure Ninjatrader Chart Trader to focus on an individual ATM and show only its corresponding position, target and stops.
For that we right click over Chart trader...
Select Chart Trader Properties...
..and change the "ATM Selection Mode" to "DisplaySelectedAtmStrategyOnly"
Then, on Chart Trader we select which one of the current active ATM Order we want to show :
We can see that we have 2 active ATM Orders, one for the Long and the other for the Short.
Selecting each one, show its corresponding position followed by the net position ( 1 - Flat ) for the Long or ( 1 - Flat ) for the Short.
The same technique applies when having 2 longs or 2 shorts, each one with its own Entry, Target and Stop...
Hope this be helpful for your Trading !