Trailing Stop?

[kinkeadfx]

How does the Trailing stop work that is used in the Strategy Wizard? Lets say that i set the Trailing Stop to 5 ticks, does the Trailing Stop move up 5 ticks every time the price moves up 5 ticks in profit or does it move up every tick in profit?

[NinjaTrader_CalH]

Hello kinkeadfx,

Thank you for your post.

The trial stop will follow the market price by the amount you set for every tick in profit.
In your example, the Stop order will trail the market price by 5 ticks for every tick in profit.

Let me know if I can be of further assistance.