Can Ninja trader circumvent this and trail the price precisely pip for pip?
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Trailing stop: pip for pip or lagging
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Trailing stop: pip for pip or lagging
Newbie here, I know just enough to get really lost. When trading on FXCM directly and I put a 15 pip trailing stop, FXCM will move the stop up only after another 10 pip increase (it doesn't trail pip for pip). For example with a price at 24, a trailing stop 15 pips behind at 9, the price has to advance to 34 before the trailing stop moves; at the price of 34, it will move up to 19. This is really bad because if the price goes to 33 and then backs up, I won't lose 15 pips, I'll lose 24. (33 - 9). Talk about a bad fill!
Can Ninja trader circumvent this and trail the price precisely pip for pip?Tags: None
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Yup. Please check out the instructions and video here http://www.ninjatrader-support.com/H...html?AutoTrail
So you might want to do something like Stop Loss = 5, Frequency = 1, Profit Trigger = 1. What that will do is this. "Once we have 1 pip in profit, move the stop loss to be 5 pips away. When we get an additional pip in profit we want that stop loss to raise."Josh P.NinjaTrader Customer Service
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