2 Level Bracket: One Hard Stop and a Trailing Stop

[outstretchedarm]

I'm trying to put together this ATM:

Stage 1:

A Hard Stop at 8 ticks.

Stage 2:

When security goes up to 3 ticks, a 3 tick trailing stop activates. The old 8 tick stop is deleted.

Any advice?

[NinjaTrader_Matthew]

Hello outstretchedarm,

Thank you for your post.

Can you clarify why you would like to delete the old 8 tick stop? Do you mean you would just modify?

How frequently would you like the stop to continue to modify?

[outstretchedarm]

I mean it just goes away. It gets replaced by the trailing stop. In other words its like an OCO

[NinjaTrader_Matthew]

outstretchedarm,

Thanks for the clarification -

Pelase try the following settings

Stop Loss: 8

Stop Strategy--> Auto Trail:

Stop Loss: 3
Frequency 1
Profit trigger: 3

This will modify your 8 tick hard stop to trail the market 3 ticks and will repeat with every additional tick in profit.

[outstretchedarm]

thanks alot, I'm going to give this a try