No, the followers will always follow the leader's ATM Strategy, either by copying his exit orders or by using the same ATM Strategy used in the trade on the leader account, when using ATM Copy. Copying the same ATM Strategy as the leader will make the followers follow the leader and stay in sync with the leader for as long as possible, which would not happen when using a different ATM Strategy from the leader.
Here's a breakdown of how ATM strategies can be used with Replikanto:
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ATM Copy Feature: Replikanto's ATM Copy feature allows follower accounts to use the leader's ATM strategies to manage their own exit orders instead of copying the exit orders from the leader. This means that each follower account can manage its exit orders but using the same ATM Strategy as used by the leader.
- NinjaTrader Desktop: Being able to use the leader ATM Strategy on follower accounts is only possible if trades are placed within NinjaTrader Desktop using an ATM Strategy on the leader account and with ATM Copy turned on. When trading outside of NinjaTrader Desktop, even if the ATM Copy option is enabled, exit orders will be copied from the leader account to the follower account and the ATM Strategy will not be applied to the followers.
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Same ATM Strategy: For the ATM Copy feature to function correctly, particularly with remote followers (network or internet), the same ATM strategy (with the same name and configuration) must be present in all NinjaTrader instances involved.
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Custom ATM Strategies: When using the ATM Copy feature, custom ATM strategies can be copied to local followers. However, to use ATM Copy with remote followers, both the leader and follower accounts must have the same named ATM strategy.
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ATM Strategy Functionality: An ATM strategy enables the automatic placement of predefined stop-loss and profit target orders after an entry order is executed. These exit orders have One Cancels the Other (OCO) functionality, meaning that when either the profit target or stop-loss is triggered, the remaining order is automatically canceled.
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Flexibility: While the ATM strategies can be different, it is generally recommended to have the same setup as the leader’s strategy with the same number of partial exits and contracts, but this is not a requirement.
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No ATM Strategy Copy: If the ATM Copy feature is not enabled, Replikanto will copy the exit orders from the leader account to the follower accounts.
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ATM Strategy Application: ATM strategies cannot be applied to open positions when using Replikanto. If a pre-defined ATM strategy is added to a position from the Positions tab, Replikanto will not be able to copy the applied ATM strategy to the followers.
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ATM Distribution: When using the ATM Copy feature, the allocation of contract quantities to targets is done by NinjaTrader according to the strategy's definition. The quantity left over after distribution is allocated to the first target.
It is crucial to ensure that when using ATM Copy, the same named strategy is available on all machines involved, especially when using remote followers. If the ATM Copy feature is not used, the follower accounts will copy the exit orders from the leader rather than use the leader's ATM strategies.
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