Attached Stop Loss to indicator

[travisloneker]

Hello all,
Is it possible to attach a stop loss "SetStopLoss()" to a SMA using Ninjascript? As an example, I'd like the stop loss to follow the SMA by above or below it depending on the position.

I found this post but it does not look like that function is available any longer; (https://ninjatrader.com/support/foru...p-to-indicator).

Thank you,
Travis Sloneker

EDIT: I think I found the solution.

[NinjaTrader_ChrisL]

Hello Travis, thanks for your post.

You can call SetStopLoss multiple times within OnBarUpdate to update your stop-loss through the life of the position. e.g. if you are long, update the stop loss:

if(Position.MarketPosition == MarketPosition.Long && SMA(14)[0] < Close[0])
{
SetStopLoss(CalculationMode.Price, SMA(14)[0]);
}

Kind regards,
-ChrisL

[jummybadman]

I'm glad you found solution to the problem. But how did you get the solution? I'm a newbie and i think I may need help with that soon too