Set Trail Stop for IOrder Long Stop

[alexstox]

Hello. I use IOrder to handle entries and exits. As in sample I used ExitLongStop() in OnExecution(). How to set Trail stop? Just SetTrailStop()?

[NinjaTrader_ChelseaB]

Hello,

That is correct.

Use SetTrailStop to set a trail stop.

You will not be able to set this to an IOrder handle (If you wanted to do that you would need to use a stop limit order and manually code the logic to trail).

Below is a link to the help guide on SetTrailStop.
http://www.ninjatrader.com/support/h...ttrailstop.htm

[alexstox]

Is there any example of "trail logic" on forum?

[NinjaTrader_ChelseaB]

Hello alexstox,

The best example is the SampleOnOrderUpdate script.
http://www.ninjatrader.com/support/f...ead.php?t=7499

In this they have an example of a breakeven.

If you were to change lines 59 - 67 to something like:

if (Position.MarketPosition == MarketPosition.Long && Close[0] > Close[1])
{
if (stopOrder != null && stopOrder.StopPrice < (Close[0] - 5 * TickSize))
{
stopOrder = ExitLongStop(0, true, stopOrder.Quantity, Close[0] - 5 * TickSize, "MyStop", "MyEntry");
}
}

You would have a 5 tick trailing stop.