Trailing Stops

[snaphook]

Here's the scenario:

I enter a trade long and set a stop at 15 ticks.
1) I want it to trail at 15 ticks until I get to breakeven + 1
2) at which time I want it to settle in until I reach 32 ticks of profit at which time I want a
3) second trail to kick in to trail at 32 ticks moving at 2 tick frequencies.
4) Finally tighten the stop at 64 ticks of profit to a 16 tick trail on 2 tick frequencies.

1, 3 and 4 are easy. The question is: Is there a way, in an ATM strategy, to tell a stop to cease and desist once the trade reaches a certain point?

Thanks and have a Happy New Year,
Snap

[NinjaTrader_Jason]

Hello Snap,

Happy New Year as well.

Unfortunately this is not supported in the AutoTrail.

[snaphook]

Didn't think so. Will an ATM move to breakeven kill it or only delay it until the profit target is once again reached? e.g., 16 tick trail stop at profit of 1 tick w/ move to BE at 10 ticks. When profit of 16 ticks is reached, will the trail once again kick in. As an alternative, will a 32 tick trail set to initiate at 16 ticks reset the stop to 32 ticks following the move to BE or will it leave the BE stop in place and only begin trailing when 32 ticks profit are reached?

[NinjaTrader_Jason]

The AutoTrail below will have the following effect:

Stop loss: 16

Frequency: 1

Profit trigger 1

Once you have 1 tick in profit your stop loss will be adjusted 16 ticks behind the current market. It will re-adjust every additional tick (frequency) in profit.

However you can setup 3 AutoTrail steps using different values. More information can be found at the link below.

http://www.ninjatrader-support.com/HelpGuideV6/AutoTrail.html

I suggest to play around with the AutoTrail feature to check its capabilities in simulation.

[snaphook]

Thanks, Jason,

16,1,1 followed by 32,1,16 has the effect of trailing 16 ticks to BE+1 and then waiting for 33 ticks of profit to begin trailing again.