Can stop loss be a rule rather than a value?

[hasana1]

I'm fairly new to the NinjaTrader8 strategy. I'm starting with a simple one just to learn. So here's my strategy

Long:
If the MACD line crosses above the Avg. line


Short:
If the MACD line cross below the Avg. line


Take profit:
If the candle moves [I]x[/I] ticks in the long/short direction


Stop loss:
If the MACD line crosses the opposite direction

So I know how to set a certain point/ticks for the stop loss. But here I want the active order to stop only when the MACD line and Avg. line crosses the opposite direction. Do I need to manually set a rule for this, or is it automatically stopped when the lines cross?

If it is automatic, then can I NOT set the stop loss? Can I set only take profit?

[NinjaTrader_BrandonH]

Hello hasana1,

Thanks for your post.

I understand that you would like to create crossover conditions in your script to enter a long or short position and have a stop loss and profit target placed 'x' number of ticks from the entry order.

You could use a 'Cross above' or 'Cross below' comparison to create crossover conditions in your strategy.

Note that crossover conditions require a look-back period of 1 or more and a value of 0 cannot be used. Say the look-back is set to 1, this means that if the crossover condition occurs in the last 1 bar, the condition is true. If the look-back period is set to 5, this would check if the crossover occurs on the previous 5 bars.

If you would like to compare is the MACD plot line is above or below the Avg plot line on the currently forming bar, you would need to use a 'Greater' or 'Less' comparison.

See this help guide page for information about how to create crossover conditions in the Strategy Builder: https://ninjatrader.com/support/help...sOverCondition

You could use the Stops and Targets screen of the Strategy Builder to create a stop loss and profit target order in your strategy. You could set the stop loss or profit target to be placed a set number of ticks from the entry order.

See this help guide page for more information about using the Stops and Targets screen: https://ninjatrader.com/support/help...dTargetsScreen

Also, you could find a publicly available training video, Strategy Builder 301, linked below which you might find helpful.

Strategy Builder 301 — https://www.youtube.com/watch?v=_KQF2Sv27oE&t=13s

Let me know if I may assist further.