Attach ATM Stop to Indicator

[ahaggard]

I would like to know if a certain function is available when placing a manual order and then attaching the ATM STOP ORDER to an indicator.

I would like for an initial stop to be defined by the ATM strategy, but for the indicator stop to take over once the indicator stop (PSAR) becomes greater than the ATM initial stop as the market climbs..

Is this possible? If not, I would like to STRONGLY suggest an addition.

An initial stop may need to be reasonably small when an order is placed anticipating a near term reversal. At the time of order entry, the PSAR will be above the market (if placing a buy order in this situation) so attaching the stop to this does not make sense until the price takes out the PSAR overhead and flips below the price. I do not want to have to monitor the trade to wait for a time later when the price takes out the PSAR and it reverses its position..

If this is not available, It seems like it would be a fairly simple compare operation in determining when to switch the stop.

[NinjaTrader_PaulH]

Hello ahaggard,

Thanks for your post.

You also wrote into platformsupport with the same questions. I already replied to your e-mail.
Here is what I advised:

What can be done in Ninjatrader8 would be:

1) Add the ParabolicSar as an indicator to the Superdom

2) Create an ATM with the stop needed

3) Place an entry order

4) When order is filled ATM stop is in place

5) When Parabolic flips, tie the ATM stop to the parabolic indicator so that the stops move with the parabolicSar.