I just have a question in reference to how to set a trailing stop without a profit target for the exit. I have read the manual and watched a lot of videos but have not come across a simple how to tutorial that goes over what I need.
For example, I am planning to go long. Here are the parameters.
Layer one of ATM strategy
1. 10 tick stop loss.
2. market moves up 15 ticks
3. stop loss one moves up 22 ticks.
Layer two of ATM Strategy
1. a move up +14 ticks will trigger #2
2. stop loss to be moved up 11 ticks from last stop loss point.
3. I would want to set layer two to be constantly going until the market stops me out. So techinically, if the market moves upward infinitely, my stop would be infinitely moved as well.
I tried figuring this out on my own, but having professional help would really be alot easier as the ATM window is kind of confusing for me. Also I am using this for ninja trader 7 any help or advice would realllly be appreciated! Thank you in advance
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