Trailing order

[TexFly]

Hello!

Not sure why is so complicated to place a simple trailing order. I have spent lots of hours watching videos, testing setstoploss then settrailstop but without getting what I want.

I just need an order that will move up or down (long or short) to follow the instrument and secure the profit (if any...). That's it! It's supposed to be the trailing order but it doesn't work (it does not trail).

if (whatevercondition...)
{
SetTrailStop(CalculationMode.Percent, 0.04);
EnterLong();
}

Has anyone out there accomplished this?

Thanks!

[NinjaTrader_PaulH]

Hello TexFly,

Thanks for your post.

I tested your code on the live market this morning and recorded my observations: https://Paul-ninjaTrader.tinytake.co...MxNl83MDMxMzI0

As the video shows, once the market order has entered the 4% trail stop is applied. The entry was at 63.22 the 4% trail stop should then be 63.22 * .96 = 60.69 which it was. As the trade moves into profitability, for each tick of profit, the trail stop moved as expected.

[TexFly]

Thanks for testing, Paul. Should it work the same in market reply mode?

[NinjaTrader_PaulH]

Hello TexFly,

Thanks for your reply.

Correct, it will work in Playback.

[TexFly]

Ok, I can see it now working in a long position. However, when I place the same SetTrailStop on a short position the trailing order gets cancelled. Do I need to do anything different? I tried minus on the % but NT does't like it...

[NinjaTrader_PaulH]

Hello TexFly,

Thanks for your reply.

Yes, the same thing works in either direction. There is no need to use a negative value. The Set methods (SetTrailStop, SetStopLoss and SetProfitTarget) all automatically determine the direction and place the orders appropriately. The exception would be if you were using CalculateMode.Price which in this case you are not.

If you wish to post or send in your code I would be glad to do a quick review to see if there are any irregularities. If emailing, send to PlatformSupport[at]NinjaTrader[dot]Com, mark the subject atten: Paul and include a link to this thread.