Stop Loss overrides Trail Stop?

[KrisS]

I am using the wizard and setting both a Stop Loss and a Trailing Stop in the Stops and Targets portion of the wizard. Whenever a Stop Loss is present, the Trailing Stop does not trigger, regardless of the percentages used or price action. If I enter only a Trailing Stop, it functions as expected. Please help me understand this behavior.

My intent is to use a tighter stop for the entry, and leave the trailing stop a little more loose.

Thanks, Kris

[NinjaTrader_Bertrand]

KrisS, this is unfortunately expected, as you can't use SetStopLoss and SetTrailStop concurrently on the same position. As a workaround you can code your own trail stop logic outside of the wizard, here's a reference sample providing the basics - http://www.ninjatrader-support2.com/...ead.php?t=3222

[KrisS]

NT,

Is there a logical reason for not allowing this, or is this simply a software limitation? If a software limitation, is this an expected enhancement for NT7? (sorry, you must get tired of people pressing you as such)

Unfortunately it is a big jump for me to go from wizard to learning C# in order to properly protect my capital. Trading in iteself has a significant learning curve and I was hoping to avoid C#, but I may have to bite the bullet.

[NinjaTrader_Bertrand]

KrisS, in NinjaTrader 6.5 this is expected, as you run into the 'Internal Order Handling Rules' with this - http://www.ninjatrader-support.com/H...verview36.html (check the last section of this link)

In NinjaTrader 7 some more flexibility will be introduced with the new 'Unmanaged Order Submission' features as outlined here - http://www.ninjatrader.com/webnew/NT7/NinjaTrader7.html

[RJay]

NT,

Is there a logical reason for not allowing this, or is this simply a software limitation? If a software limitation, is this an expected enhancement for NT7? (sorry, you must get tired of people pressing you as such)

Unfortunately it is a big jump for me to go from wizard to learning C# in order to properly protect my capital. Trading in iteself has a significant learning curve and I was hoping to avoid C#, but I may have to bite the bullet.

Kris,

Welcome to the club. I decided if I wanted to use NT, I would have to learn C#. That was a year ago. I do ok programming with it now.

Use existing indicator and strategy code and break it down until it makes sense.

Good Luck,

RJay