Stoploss with trailstop

[Pentti]

Hi!
Is there anyone who can help me with a script for stop loss and trail stop. I want to use a hard stop at the beginning of the trade (it’s a simple breakout strategy) and when I have a profit for instance of 6 ticks I want to switch over to trail stop. I know that I must use different signal name but I don’t know how to code it, I am a beginner in programming. This is part of the code I have written.

Regards

Pentti

// EnterLongStop.
EnterLongStop(DefaultQuantity, highestHigh,"Long");

// Calculate stoploss
if (Position.MarketPosition == MarketPosition.Long)

stoploss = highestHigh - lowestLow;

if (stoploss < 8)

stoploss = 4;
SetStopLoss("Stoploss", CalculationMode.Ticks, stoploss, true);


// Cancel stoploss and activate tarilstop

if (Close[0] >= Position.AvgPrice + 4 *TickSize)

SetTrailStop("Trailstop", CalculationMode.Ticks, 4, true);

// Reset trailstop, stoploss
if (Position.MarketPosition == MarketPosition.Flat)

SetTrailStop(CalculationMode.Ticks, trailstop);
SetStopLoss(CalculationMode.Ticks, stoploss);

[NinjaTrader_AdamP]

Pentti,

SetStopLoss() will override any SetTrailStop in the managed approach. You would need to use a different method here such as : http://www.ninjatrader.com/support/f...ead.php?t=3222