Need help automating trailing stop strategy

[oriondesign]

I have had success using the trailing stop system in the DOM, where you can set an initial stop loss value, and then set a trailing stop to "kick in" when a certain profit target is reached (allowing you to tighten and then trail your stop).

I can't seem to figure out how to duplicate this in NinjaScript. The SetTrailStop() command only allows me to set a trailing value, not a target at which this will kick in.

How can I create, for example, the following:

Trading ES
Initial stop loss: 8 ticks
After profit target of 5 ticks achieved, tighten and trail stop by 3 ticks

Any help would be appreciated. Thanks!

[NinjaTrader_Ray]

The SetTrailStop() method does not allow for this.

You would have to program your own logic to do this by monitoring the PnL and once you have hit 5 ticks in profit, modify the price of your stop loss order.

You would need to use the method ExitLongStop() or ExitShortStop().