Section 17 -
Auto Scale-out Position
The OTS Scale-Out feature simplifies profit protection by offering a precise method to secure profits without navigating NinjaTrader's chart trader or DOM. Unlike NT8, it allows you to enable or disable it mid-trade, adjust percentage values, points, and reduction settings, and automatically adapts the exit quantity with changes in your position quantity. This eliminates the need for manual order placement, providing seamless profit management with OTS Trader.
Features - Section 17 | Auto Scale-out
Automated Percentage (%) Contract Exit Setting:
This feature exits a predetermined percentage of your contracts and adjusts after each exit until the position is flat.
Precise Configuration of Price-Based Exit Points:
This function exits at a preset point value, submitting the next exit at a more favorable level based on the point setting after each consecutive exit.
Option to Reduce Subsequent Exit Price Levels:
This feature decreases the next exit after the initial exit; for example, reducing a 5-point exit by 1 results in the next exit being 4 points.
Flexibility to Adjust Settings Mid-Trade:
During live trades, you can easily adjust the point value, and the exit will self-adjust on the screen accordingly.
Compatibility with Other Exit Strategies and Auto Quantity Adjustment:
When using other exit strategies or manual methods with OTS, the app automatically adjusts the quantity to represent the percentage of the current open contracts.
Drag-and-Drop Exit Prices Functionality:
For those using Chart Trader, the app allows you to move the order on the screen and holds the adjusted exit levels.
Convenient On/Off Toggle During Live Trades:
This function can be toggled on or off during live trades. Turning it off cancels the associated exit order, and when turned back on, it automatically places the exit order based on your inputs.
Settings - Section 17 | Auto Scale-Out
To access the settings of the OTS Trader app, open the app, right-click on it, and select "Settings." From there, navigate to the "Section's" settings option.
There are no settings for sections 17 | Auto Scale-Out
Strategies - Section 17 | Auto Scale-out