Changing the trailing stop

[Asing]

I want to change the trailing stop in an automated strategy similar to how it is done in the ATM. After a certain level a profit I want to tighten the trail. Will I need to use an OCO to recreate the trailing parameters? Also, is it possible to backtest OCOs ?

[NinjaTrader_AdamP]

Asing,

Its possible to use a pre-made ATM strategy for all order entries in a automated strategy. There is a reference sample on how to do this that comes with NinjaTrader accessible by going to Tools > Edit NinjaScript > Strategy > SampleATMStrategy.

Here is a link to our help guide on ATM strategy methods : http://www.ninjatrader.com/support/h...gy_methods.htm

Please let me know if I may assist further.

[Asing]

Thanks for the quick reply. My impression was that using the pre-made ATM was only as a semi-manual exit option. So you could automate an entry and then manage the exit with the ATM. Also, I thought that you can not test any strategies with the pre-made ATM trailing stops?

[NinjaTrader_AdamP]

Asing,

Yes, you could not test the strategy using the strategy wizard using ATM strategies.

I would suggest that you consider the Unmanaged approach if you want to be able to backtest, as well as have all the functionality of a ATM strategy. The main issue here is you would need to program all the logic yourself.

Here is a link to our help guide on the topic : http://www.ninjatrader.com/support/h...d_approach.htm

Please let me know if I may assist further.

[Asing]

I am a little confused about using the ATM methods. If we used the" managed approach" with ATM methods, ( not using the wizard) can I create these trailing stops that tighten through an OCO call? and then back-test?

Or is this only possible with the unmanaged approach?

[NinjaTrader_AdamP]

Asing,

You can use either a trailing stop or a static stop loss in the managed approach as SetStopLoss() will override the trailing stop. If you want to tighten the trailing stop, you can simply use : SetTrailStop() and use whatever logic you want to reset it.

Please let me know if I may assist further.