A stop loss that is variable

[stephenszpak]

Hi

Assuming a long trade...is it possible to have the stop loss move upward
in two (or three) preset increments?

For example:

Target is 10 ticks.
Stop loss is 10 ticks.

After 5 ticks in profit, the stop loss would be moved to be 10 ticks back. Therefore if the trade
goes really bad, only 50% of the stop loss is lost. (So stop loss moves from 10 ticks originally
to 5 ticks.)

BUT IF the trade continues upwards to 8 ticks in profit, the stop is moved to breakeven, so if
the trade goes really bad there is no loss.




Using NT 7.0.1000.5 (in sim)

- Stephen

[NinjaTrader_AdamP]

Hello,

Yes, this is possible using a stop strategy.

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