Preset Trailing Stops for Chart Trader

[JoeStein]

Hi, currently using Ninja (free version). Will be shortly using Ninja Live (Chart Trader) to execute trades on MBT forex.

Need help with the following: Is there any global setting in Ninja where I can set specific Trailing Stops for different currency pairs? For example: I would like to set Trailing Stop = 15pips for AUD/USD, 25pips for GBP/USD, for all my orders with these two pairs. From which window, could I preset these values?

I appreciate your help. Thanks.

[NinjaTrader_Kyle]

Hi JoeStein,

Thank you for your post.

There is no way to set trailing stops by instrument.
You could, however, configure and save an ATM strategy with trailing stops and select the appropriate ATM from the drop down list.

Please let me know if you have any additional questions.

[JoeStein]

Thank you for suggesting the ATM strategy workaround.

Will check that, and hopefully that should solve my problem.

Thanks.

[JoeStein]

Hi,

I'm trying to create a simple Trail Stop strategy for AUD/USD:
Whenever I transmit Buy order for a currency pair (from Chart trader), I would like NT to automatically transmit a second order as well – Sell the pair with a Trailing Stop (15pips away from the current market price).

I tried Tools → New Ninjascript → Strategy.
When I get to the Condition Builder, what do I choose for the right and left side of the expression?

For 'Do the following', I am just choosing 'Exit long position'.

When I get to 'Stops and Targets', I choose Trailing stop, with parameters:
Mode = Ticks
Value = 150 (since I need Trail offset of 15pips)
Simulated = False (not sure what this parameter is meant for)

Also, how do I link a particular strategy to a specific instrument (say AUD/USD). So that, I can have strategy1 for AUD/USD, strategy2 for EUR/USD, etc.

I appreciate your help. Thanks so much.

[NinjaTrader_JoshP]

JoeStein,

NinjaScript strategies only control NinjaScript orders. Whatever you do from Chart Trader is not managed by NinjaScript.

Also, I am not too sure what you are trying to do exactly. If you buy the pair and immediately sell it to add a trailing stop wouldn't that negate the buying? Why don't you try directly selling the pair and using an ATM to add the trailing stop?

[JoeStein]

Ok, could you please let me know how to create/use an ATM strategy (using the ninja menu driven interface) to "preset" the trailing stop for individual currency pairs?

Basically, what I am trying to do is: "preset" the trailing stop on a 'per instrument' basis. Example: for AUD/USD=15pips, EUR/USD=25pips, etc.

I need to issue these Trailing stop orders from within chart trader.

Appreciate your help. Thanks.

[NinjaTrader_Bertrand]

Hi JoeStein, for this you would need to create an ATM strategy template for each pair with your preferred presets.

http://www.ninjatrader-support.com/HelpGuideV6/StrategyExample1.html

[JoeStein]

This helps. Thank you so much.

[JoeStein]

Thanks for the input on ATM strategy, to create preset trail-stops. It resolves my issue to a large extent.

I also wanted to check - Is there any way I could even issue a discretionary trail-stop order directly from the chart (without using ATM strategy)?

Thanks.

-Joe

[NinjaTrader_Jason]

Hello Joe,

Unfortunately this is not supported.

We do support the Auto Chase feature, but this is not applicable to manually submitted stop orders.

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

[JoeStein]

Thank you.

[JoeStein]

Hi,

I'm using a simple ATM strategy to auto-generate a Stop-loss order. I don't want to have a Profit-Target order, so I left the Profit target box to be blank in the ATM strategy window. I then right-clicked and saved the ATM strategy template.

However, every time the ATM strategy kicks in, it also generates a Profit target order, 2pips away from the point of entry. How do I prevent this, so that only the Stop-loss order is generated?

Secondly, in the Control center → Orders tab, I got rid of some of the columns in the Grid Properties, and checked only those columns that I need. I saved my workspace before exiting NT. When I bring up NT again, instead of showing just the subset of columns that I had chosen in the previous session, it shows All the columns in the Orders tab. How do I save my column selections in the Orders tab, so that it displays only my preferred columns in every session?

Thanks so much.

[NinjaTrader_Jason]

Hello JoeStein,

I suggest to delete the current ATM templates and create a brand new one.

Set ATM strategy to <Custom> and enter the value for your stop loss. Ensure the profit target field is blank. Save your template.

Close the SuperDOM and create a new one. Select the saved template and check if only a stop loss is used; the profit target field is still blank.

It should save the column setup. Could you please try again. Configure the Orders-tab to your liking and click Ok. Save your workspace and restart NinjaTrader. NinjaTrader should open up with the saved column configuration.

[JoeStein]

Thanks for your feedback.

Deleting and creating/saving a new ATM strategy solved the first problem. It now generates only the Stop-loss order.

However the Orders tab continues to show All the columns every time I bring up NT, ignoring my column preferences in the previous session. Saving, creating/saving a new workspace doesn't resolve the issue. I'm running NT 6.5.1000.9. Does it remember the column preferences in your installation?

Thanks so much.

[NinjaTrader_Jason]

Yes, I tested it on my end and the column configuration was saved.

Right click in the Orders-tab and select 'Grid properties'. Enable the columns you like and click OK.

Exit NinjaTrader and click 'Yes to all' when you get prompted to save your workspaces.

Start NinjaTrader and it should display your saved grid settings.