trailing stops updated every tick

[aafwintb]

Good Afternoon;

I would like to find out how can I get ninja trader to update my trailing stop every tick, while the strategy is calculated on the close of the bar?

thank you and have a good day

[NinjaTrader_Eamon]

Hello,

Thank you for your post.

Unfortunately, this is not possible directly within the ATM strategy. To accomplish this you will need a custom NinjaScript Automated Trading Strategy.

[mrlogik]

Eamon,

If the SetTrailingStop() method is set once within the Initialize() method of a custom NinjaScript Automated Trading Strategy that updates at the Close of the bar, will the trail still trail on a tick by tick basis? Is this done within the internal workings of NT?

If so, is the associated trailing order constantly modified by NT to the broker?

Thanks
Anthony

[NinjaTrader_Ray]

Yes, done internally of course. Modifications sent to broker.

[mrlogik]

perfect.

thanks

[aafwintb]

Thank you for your reply Eamon . Is there anywhere I can find out how such a code will be structured

[NinjaTrader_Jason]

You can find information in our Help Guide at the link below.

http://www.ninjatrader-support.com/HelpGuideV6/SetTrailStop.html

[aafwintb]

Thank you very much for your reply jason.
It seems you guys do not understand how to solve this problem. I have read though various posts on the same subject, but none of the so called ninja experts have answered the question.

[NinjaTrader_Dierk]

Unfortunately you can not have the stop placed by your strategy updated tick by tick but the managing strategy running on CalculateOnBarClose=true.

[mrlogik]

Dierk.

I know this is in the ATM section, but if you have an NT coded strategy and the CalculateOnBarClose is true, can't you still use OnMarketData() tick by tick to update and submit a new SetStopLoss()?

Thanks.

[NinjaTrader_Dierk]

Right, this might be valid idea. Thanks for throwing that in.

My statement then "only" would be applicable to OnBarUdpate()