Set Up ATM Strategies (Auto Bracket Orders)
Tired of rebuilding the same stop loss and profit target on every single trade? Set up an ATM strategy once, and Tradovate drops your full bracket onto the position the instant your entry fills.
Tired of rebuilding the same stop loss and profit target on every single trade? An ATM strategy fixes that. You set it up once, and Tradovate drops your full bracket onto the position the instant your entry fills. Here's exactly how to build one.
What Is an ATM Strategy?
ATM stands for Advanced Trade Management. It's a saved profile that clips a stop loss and a profit target onto your position the moment your entry order fills. Those two exit legs are linked as an OCO, One-Cancels-the-Other, so when either one fills, Tradovate kills the remaining order for you. Build the profile once, give it a name, and reuse it on any Chart or SuperDOM.
Set Up ATM Strategies in Tradovate: Step-by-Step
Open ATM Settings
On a Chart or SuperDOM module, look in the order-entry area for the ATM dropdown. Right next to it you'll spot a settings cogwheel, click it to open the ATM Settings panel.
Create and Name a New Strategy
Hit the plus (+) button to add a new strategy, then name it something you'll recognize at a glance, "ES 2T Scalp," for example. A clear name saves you from second-guessing which bracket you're grabbing from the dropdown mid-trade.
Choose Your Unit, Ticks, Delta Price, or $Value
Decide how you want your distances measured. Tradovate gives you three options, Ticks, Delta Price, or a dollar ($Value) amount, and it measures in ticks by default. Pick whichever unit matches how you actually think about risk.
Enter Your Stop Loss and Profit Target
Type in your stop loss and profit target distances. You're free to set both, a stop loss only, or a profit target only. The profit target goes in as a limit order, and the stop type is yours to choose, a plain Stop (stop-market), a Stop Limit with a limit offset, a Trailing Stop, or Auto Breakeven, plus a few other variations.
Add Multiple Targets to Scale Out (Optional)
Want to scale out? Click the plus button beside the target row to add a second (or third) profit target, then split your quantity across them, bank part of the position at the first target and let the rest ride to a further one. Each target fills independently, the shared stop keeps protecting whatever contracts are still open, and the whole set stays OCO-linked.
Save, Select, and Place Your Trade
Save the strategy, then pick it from the ATM dropdown on your Chart or SuperDOM. Place your entry the way you normally would, the moment it fills, Tradovate drops the stop loss and profit target(s) in as an OCO bracket. No scrambling, no manual clicks.
Why You'd Need This
- Consistency, the same risk/reward gets applied to every trade automatically.
- Speed, no rebuilding a bracket by hand while price is moving.
- Scaling out, multiple targets let you bank partial profits and let a runner ride.
- Hands-free exits, the OCO logic closes the position one way or the other.
- Discipline, pre-set stops keep you inside your own (and your prop firm's) limits.
Automate This with PickMyTrade
ATM strategies handle the exit bracket once you're in a trade, but the entry still needs a click. PickMyTrade links your TradingView alerts straight to your Tradovate account, so entries fire automatically and your bracket exits follow the same discipline every time, with no manual clicks.
Automate the Entry Too
ATM strategies handle the exit bracket. Let PickMyTrade fire the entry automatically from your TradingView alerts.
Start Your Free 5-Day TrialFrequently Asked Questions
You place the entry (or automate it). The moment that entry fills, the ATM strategy auto-places your stop loss and profit target as an OCO bracket.
Yes. Add extra targets and split your quantity across them to scale out at multiple price levels while a single stop protects the rest.
Ticks, Delta Price, or a dollar ($Value) amount. Tradovate measures in ticks by default, so confirm your unit before saving.
This guide is for educational and informational purposes only and is not financial, investment, or trading advice. Trading futures and other leveraged products carries a substantial risk of loss and is not suitable for every investor. PickMyTrade is an independent third-party automation platform and is not affiliated with, endorsed by, or sponsored by Tradovate, Inc. "Tradovate" and all related names, logos, and trademarks are the property of their respective owners. Platform features and steps change over time, so always confirm the current process in the official Tradovate platform and documentation before acting.