Trailing Stop help

[market_student]

Hi all:

I need some help here to get my strategy completed...

The help I am looking for is in code snippet to do the following

As soon as in position (long or short)

SetStopLoss to a fixed currency
SetTrailStop to a fixed points or ticks AFTER a particular amount has been reached in Open P&L

I guess... if the position does not work, the SetStopLoss gets you out and if the position does work, and a certain profittarget is achieved, then the strategy should cancel the fixed SetStopLoss and start trailing with the specified ticks.....

Many thanx in advance for the help.

Best Regards

[NinjaTrader_Ben]

Hello,

I do not have the code snippet but this link may help you:

http://www.ninjatrader-support2.com/vb/showthread.php?t=10344&highlight=food+thought

[market_student]

Thanx, but that code only "calculates" the trailstop level. What function from the API fires it

SetTrailStop

or
SetStopLoss

Also, when you have a var in these two functions above, what happens when the value of the var changes... is the live order cxld and replaced automatically?

Finally, if you are going to say SetTrailStop, then from what reference does the trail start current px level or Entry Price?


Thanx again

Hello,

I do not have the code snippet but this link may help you:
http://www.ninjatrader-support2.com/...t=food+thought

[NinjaTrader_Ben]

Hello,

I am sorry, can you post the code to which you are referring exactly?

The methods you mention reset each time they are called. If variables change, those changes are reflected.