Adjusting Stop Loss to Breakeven plus

[richa61416]

I have a problem where by my strategy some time gains 400 dollar intraday, and then close witha minor loss. Can I use the StopLoss to set my exit point to above my entry point? e.g. I enter long at 1012 the market move up 40 ticks. I want to protect my profit, and set a stoploss at 10 ticks above my average entry point. How can I perform this action?

[NinjaTrader_JoshP]

What you would want to do is modify your SetStopLoss() dynamically. Please check out this reference sample for an idea of how to do it. http://www.ninjatrader-support.com/v...ead.php?t=3222

So in your case when you edit your SetStopLoss() you would probably do something like

if (Close[0] > Position.AvgPrice + 40 * TickSize)
     SetStopLoss(Position.AvgPrice + 10 * TickSize);