SetTrailStop clarification desired

[ricktek]

When using SetTrailStop in ninjascript, is it called just once after the trade is entered and the stop automatically adjusted or does it have to be called every time the price moves up/down the specified amount?

SetTrailStop("myLongEntry", CalculationMode.Ticks, ticksTrailingStop, bSimStop);

[NinjaTrader_CalH]

Hello Ricktek,

Thank you for your note.

The order will get place as you enter into a position and will start working off of live data at that point.

Please note that in a backtest, we don't have the intrabar data so it will update once and accordingly with the close price of each bar. I.E. the number ticks the close is from the Entry point

[koganam]

When using SetTrailStop in ninjascript, is it called just once after the trade is entered and the stop automatically adjusted or does it have to be called every time the price moves up/down the specified amount?

SetTrailStop("myLongEntry", CalculationMode.Ticks, ticksTrailingStop, bSimStop);

Both. SetTrailStop() will be activated and start trailing as soon as you enter the trade. If you want to change the amount of the trail (tighten the stop as the trade gets long in the tooth), you can always call SetTrailStop() again with the tighter trailing offset.

That is why we tell you to reset the TrailStop when the trade goes flat. Of course, if you never changed it, the point is moot.