Is there a way to apply a trailing stop to an open position?

[billr]

I was wondering if there was a way to apply a trailing stop to an already open position in NT? Via chart trader or DOM?

thanks.

[NinjaTrader_Cameron]

Hello billr,

Thank you for your post.

You can only apply a trailing stop to an already open position if it were initially placed with an ATM Strategy.

• Right click on the ATM Stop
• Check -> Auto Trail Properties
• Set the Auto-Trail settings
• Right click on the ATM Stop again to ensure that the Auto-Trail section is checked.

If not, then you can manually modify your orders.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?modifying_orders.htm

[billr]

Thanks Cameron, but I don't understand your answer shorthand. What do you mean by "right click stop"? Also, I assume that you mean if you already have a stop of anykind initialized by ATM, you are describing going in and changing that stop to include the trailing mechanism. But I can't figure out what you mean by 'right click ATM stop'. Thanks.

[NinjaTrader_Cameron]

billr,

Allow me to clarify:
Yes, you can only apply an Auto-Trail to an order that has been placed with an ATM Strategy.

Please see the screen shot regarding Right click the ATM Stop.

[koganam]

Thanks Cameron, but I don't understand your answer shorthand. What do you mean by "right click stop"? Also, I assume that you mean if you already have a stop of anykind initialized by ATM, you are describing going in and changing that stop to include the trailing mechanism. But I can't figure out what you mean by 'right click ATM stop'. Thanks.

Have a look at the attached picture.

[billr]

thanks Cameron and koganam. I didn't think to try using DOM. I usually trade from ChartTrader. Thanks.

[JoshDance]

With all this being said though, the answer for the question, "can I attach an auto-trailing stop to an existing open position not placed by an ATM strategy" is NO, correct?

[NinjaTrader_Cameron]

JoshDance,

No, you cannot attach an Auto-Trailing stop to an existing open position without an ATM Strategy attached.

You can, however, manually adjust the orders.