Setting stop loss at predefined level

[nico_p]

I'm using the Condition Builder here as I'm not familiar with the Ninja script language, this is working well for me but I'm running into a problem here

I have a strategy that will enter the market and submit a target and sop order at predefined levels,
Now as the trade progresses I would like to have my stoploss adjusted to a predefined level ( as example: i would like the stoploss order to be @ the low 2 bars back)

attached pics show how I'm trying to accomplish the but with no luck

You help is much appreciated here

Nico

[NinjaTrader_Ray]

What you want to do can not be accomplished with the Stop and Targets screens. What you want to do so is create an action on the Conditons/Actions screen under a new Set. There does not need to be a condition, just an action "Exit long stop" for example and for the stop price, assign the low 2 bars back.

This will reset the stop price to the low 2 bars ago even if it is a worse price.

If you want to maintain the stop price (it never gets worse) then you would have to program that in the NinjaScript editor.

[nico_p]

First, thx for the quick reply,

would this be a solution to avoid my adjusted stop price is worse then my original stoploss ( original stoploss is set to 20 ticks)
( see screenshot)

thank you

Nico

[NinjaTrader_JoshP]

Unfortunately not. What you want to do is use a variable to store the Low[2] price you entered with. Then when you are submitting your next modification at the latest Low[2], compare it against the variable to see if it is less than it. If latest Low[2] is less than variable then resubmit with variable instead of Low[2]. Hope that helps.