TailStop for multiple entrees?

[relogical]

Is there a way to implement a trailing stop in a strategy that takes multiple positions to average in. Basically I want to set a 25% trailing stop from the Avg. Position Price each time an additional entree is made.

[NinjaTrader_PatrickH]

Hello relogical,

Thank you for your post.

This is possible by tracking the position size and comparing it to the previous size. Then adjust your Stop Loss price and size based on your desired parameters.

You can use Position.Quantity to track the quantity: http://www.ninjatrader.com/support/h...7/quantity.htm

Please let me know if you have any questions.

[relogical]

Thank you Patrick, how would I adjust the trailing stop each time the AvgPosPrice changes? Could you show me some code examples? Thank you

[NinjaTrader_Lance]

There are some different ways this could be done and while I don't have an exact example I will get you pointed in the right direction.

For advanced order management use this example to get started. It will show you how to setup an auto breakeven stop order through the use of IOrders. When using IOrders you're able to track your orders individually and are given more flexibility when placing your targets and stops:

http://www.ninjatrader.com/support/forum/showthread.php?t=7499

To track the avg fill price you can use this for the whole position: http://www.ninjatrader.com/support/h...l?avgprice.htm
Or this for an individual IOrder: IOrder.AvgFillPrice http://www.ninjatrader.com/support/h...tml?iorder.htm


Let me know if I can further assist.