How to set a trailing stop at 2 ticks below the low of the previous candle

[teenagemutantNT]

Hi there,

In the trailing stop section of the wizard, I would like to specify a TS that is 2 ticks below the previous bar.


Would anyone be able to tell me how to do this?


Thanks,


TMNT.

[NinjaTrader_Jesse]

Hello,

Thank you for the question.

This would be the same process in relation to your other post about Profit Targets located here:

http://www.ninjatrader.com/support/forum/showthread.php?t=68636

Variables can be used to store temporary values used in the wizard but they need to be set in one of the Set1-10 areas in order to be used.

Please let me know if I may be of additional assistance.

[teenagemutantNT]

Hi again Jesse,

So my objective for the trailing stop is a bit easier:


If long> then trail two ticks below the Low of the current bar


If Short> then trail two ticks above the High of the current bar




-----------------------------
Trailing Stop for long
So I set a Var3 = Low[0] - 2*Ticksize


then conversely short will be: High[0]+2*Ticksize (Var2)


is this correct?

Hello,

Thank you for the question.

This would be the same process in relation to your other post about Profit Targets located here:

http://www.ninjatrader.com/support/forum/showthread.php?t=68636

Variables can be used to store temporary values used in the wizard but they need to be set in one of the Set1-10 areas in order to be used.

Please let me know if I may be of additional assistance.

[NinjaTrader_Jesse]

Hello,

Yes if you wanted 2 ticks depending on the direction you would add or subtract from your base value.

A positive amount of ticks from the price would be High[0] + 2 * TickSize or a negative would be High[0] - 2 * TickSize.

Please let me know if i may be of additional assistance.