How to set a fixed price stoploss

[plaza_foo]

Hello,

I am using a renko chart and would like to set a trailing stoploss at 20 pips that only moves at the close of each brick. For example if I have a brick size of 10 pips my 20 pip trailing stop would move only every 10 pips. How can I do this? Also is it possible to paint the wicks on renko bricks?

Thanks

[NinjaTrader_PaulH]

Hello plaza_foo,

Thanks for your post and welcome to the NinjaTrader forums!

Can you clarify if you are creating the strategy in the NinjaTrader 8 Strategy Builder or directly in Ninjascript?

Renko bars, as provided by the platform, do not have wicks. What specific bars are you using?

[plaza_foo]

Hi Paul,

I am trying to create a trailing stop from the ATM strategy builder. I also looked into attaching the stop to an indicator but I have not found an indicator that supports what I am looking for.

When printing renko bricks I believe it is standard to have the option to print the bricks with wicks or without. I have attached an example of renko bricks with wicks from trading view.

Thanks,
Cindy

[plaza_foo]

[NinjaTrader_PaulH]

Hello Cindy,

Thanks for your reply.

As mentioned the Renko Bars In the NinjaTrader 8 platform do not provide wicks so there would be no wick coloring options. There are other Renko type bars that you can add-on that do provide wicks and they may provide an option to color the wicks. I would not have any further information on those.

In terms of an ATM strategy, please review the help guide here: https://ninjatrader.com/support/help...gement_atm.htm which provide examples and explanations. The auto trail has its own section in that link with examples.

You are welcome to attend our free live webinars that review creating and use ATM strategies. Please see this link: https://ninjatrader.com/PlatformTraining

Additionally, you can always review previous recordings of these webinars here:

https://www.youtube.com/watch?v=Gnyx8RSp3EI&list=PL3-s3qsUnfLSC7zCAc5ZmVnauWXkWe0Nf&index=7

https://www.youtube.com/watch?v=DH9y-j64X1U&list=PL3-s3qsUnfLSC7zCAc5ZmVnauWXkWe0Nf&index=8

[plaza_foo]

I don't think it is possible to use a fixed price stop loss for what I want to do as I want the stoploss to be adjusted on the close of each renko bar.

The solution I found (in case anyone is interested) to trigger something on renko reversal involves creating an alert with the following settings:

Renko Reversal Long
Condition: If All

Data Series -> Renko Greater Data Series: Renko
Bars ago -> 1 Bars Ago -> 2
Price type -> Close Price type -> Open

Data Series -> Renko Less Data Series: Renko
Bars ago -> 2 Bars Ago -> 3
Price type -> Close Price type -> Open

Renko Reversal Short
Condition: If All

Data Series -> Renko Less Data Series: Renko
Bars ago -> 1 Bars Ago -> 2
Price type -> Close Price type -> Open

Data Series -> Renko Greater Data Series: Renko
Bars ago -> 2 Bars Ago -> 3
Price type -> Close Price type -> Open

Cheers,
Cindy