Exit trailing stop after a floor is reached?

[brooksrimes]

I can code:

SetTrailStop(CalculationMode.Percent, 10);

How would I code it if I don't want it to start until a certain amount of profit (i.e. floor) was made?

Would it be:

If Position.GetProfitLoss(Close[0], PerformanceUnit.Points) > 12 SetTrailingStop(Percent,10);

?

And I assume this should go in the OnBarUpdate() method, correct?

Thx.

[NinjaTrader_RyanM1]

Hello brooksrimes,

Yes, that's pretty close. Please see the following reference sample for additional steps you need:
Modifying the price of stop loss and profit target orders

The set statements will use the last value applied, so you will want to set an intial value when flat and your modified when only in a position.

Percent is looking for the decimal equivelant.
10% = .1