Custom Trailing Stop

[tiffanychan887]

In the ATM strategy, we can only specify 3 steps of stop loss with predefined profit trigger. Would like to find a strategy that will adjust the predefined Stop Loss and Predefined Trigger such that the closer the price is to the profit target, the narrower will be the stop loss. This seems to be a common stop strategy. Any where I can find similar sample ninjascript code for such kind of strategy?

Thanks.
Tiffany

[NinjaTrader_AdamP]

Tiffany,

Have you looked into stop strategies? Specifically auto-trailing?

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

[tiffanychan887]

I have checked that already. i can only specify 3 steps and the profit trigger have to be predefined before placing the ATM. What I would like to do is that the profit trigger to be computed proportionally based on a final target which I specified. This will allow much faster executiion.

For example, if the expected final profit target is 30 ticks, I hope the Stop Loss to be adjusted at 25%, 50% and 75% of the 30 ticks.

Thanks.
Tiffany

[NinjaTrader_Kyle]

Hi Tiffany,

Thanks for clarifying.

What you've outlined here can be achieved but unfortunately not through ATM Strategies. For something like this custom programming would be required. If you are not a programmer yourself any of the NinjaScript consultants listed at the following link could code this project for you: http://www.ninjatrader.com/partners....pt-Consultants

[tiffanychan887]

Do you know of any similar or related Ninja Script available or where I can more information? I have a little bit of experience in MT4 programming.

Thanks.

Tiffany

[NinjaTrader_AdamP]

tiffany,

Please email us at support at ninjatrader dot com. We can send you a bunch of learning materials.