Strategy: Modifying the price of stop loss and profit target orders

[NinjaTrader_JoshP]

One of the benefits of NinjaScript is the ability to automatically submit stop loss and profit target orders in real-time triggered when your entry order is filled.

Key concepts in this example:

• Submitting a stop loss and profit target order using default values offset from your entry order average fill price
• Modification of the stop loss order to a break even price once a desired level of profit has been reached

Important related documentation:

NinjaTrader 8

• SetStopLoss()
• SetProfitTarget()
• SetTrailStop()

NinjaTrader 7

• SetStopLoss()
• SetProfitTarget()
• SetTrailStop()

Import instructions:

NinjaTrader 8

1. Download the file contained in this thread to your PC desktop
2. From the Control Center window, select the menu Tools > Import > NinjaScript
3. Select the downloaded file

NinjaTrader 7

1. Download the file contained in this thread to your PC desktop
2. From the Control Center window, select the menu File > Utilities > Import NinjaScript
3. Select the downloaded file and click Import.