Attach a trailing stop to a running trade.

[afoschini]

Hi,

I have a regular CL trade going, with stop loss and target profit set. Suddendly I want trail the market, so I would like to get rid of both stops and attach to this position a trailing stop let's say 50 ticks. How do I do that? Thanks. Andrea

[NinjaTrader_PatrickG]

If you have a different ATM strategy that you want to switch to, you could cancel the existing ATM orders then apply your desired ATM strategy with auto-trail stop strategy from the Positions tab of the Control Center. If you right-click on the existing stop loss order, you'll find that you have the ability to configure the auto-trail.

Here is a video example of both:

• https://www.screencast.com/t/9F0jCR3KGpz4

Here are relevant help guide links for these features:

• https://ninjatrader.com/support/help...AnOpenPosition

[afoschini]

Thank you Patrick!! Now I can go out and play tennis.... finally. Bye

[shodown888]

Hello All,

I know this is an old post, but since I am learning the platform as a new user, please bear with me. I have a few scenarios I am hoping I can get help on.

1) It seems there is no way to convert the order type of an existing stop loss to trailing stop besides changing the ATM strategy, or Canceling the original stop then adding the ATM strategy. Is this correct?

2) For orders that do not have a stop loss set, how can we add it via the Basic Entry, Chart Trader, or SuperDom windows? Are any of these possible?

3) In suggestion to replace ATM strategy, since I calculate how much risk I should take before a trade the qty will change for each order depending on stop loss and entry. Since I don't use a fixed qty per order, would this mean the ATM strategies will have to be edited per trade. For example, attaching an ATM to an existing entry order to add the desired OCO would need a count of the ticks to add as auto trail stop loss amount AND update qty amount of the ATM correct?

4) If I understand this all correctly, I am just curious if there is a way to enter these quicker. Perhaps an add-on that anyone is aware of or has created?

Thank you for your time and help. TIA for any advice and help!

[shodown888]

Hello All,

I know this is an old post, but since I am learning the platform as a new user, please bear with me. I have a few scenarios I am hoping I can get help on.

1) It seems there is no way to convert the order type of an existing stop loss to trailing stop besides changing the ATM strategy, or Canceling the original stop then adding the ATM strategy. Is this correct?

2) For orders that do not have a stop loss set, how can we add it via the Basic Entry, Chart Trader, or SuperDom windows? Are any of these possible?

3) In suggestion to replace ATM strategy, since I calculate how much risk I should take before a trade the qty will change for each order depending on stop loss and entry. Since I don't use a fixed qty per order, would this mean the ATM strategies will have to be edited per trade. For example, attaching an ATM to an existing entry order to add the desired OCO would need a count of the ticks to add as auto trail stop loss amount AND update qty amount of the ATM correct?

4) If I understand this all correctly, I am just curious if there is a way to enter these quicker. Perhaps an add-on that anyone is aware of or has created?

Thank you for your time and help. TIA for any advice and help!

[NinjaTrader_Clayton]

Hello shodown888,

Thank you for the message.

1. The video that Patrick uploaded above still works and demonstrates this.

• You can either right-click the Stop Target > Then, select the Auto-Breakeven or Auto-Trail and then configure as desired.
• Or, cancel only the targets and then apply a new ATM Strategy from the Control Center > Positions tab > Right-click the Position > ATM Strategy > Choose your desired ATM to apply

2. Please remember that a "Stop Loss" is not a specific order type, but is instead a "Concept". A "Stop Loss" would be any order that exits you from the market for a loss or as protection for loss.

• A Stop Loss order can either be a "Stop Market Order" or a "Stop Limit Order"
• So, if you simply want an order that would exit your position, submit a Stop Limit or Stop Market order at your desired price in any window.

If you want the "Stop Loss" order to have OCO Functionality and be connected with a "Profit Target", then you could submit them as an OCO Pair instead. To see how that is done, please follow along with the video I made below:

• How to use OCO Orders in NT8

3. There is no way to have an ATM Strategy automatically/dynamically change the number of contracts based on how much Risk you want to take. You would have to change the "Order Qty" as desired.

• If you wanted this done automatically, you would instead have to look into creating a custom NinjaScript Strategy instead.

4. While I do not have any suggestions of add-ons that could do what you are seeking, this forum thread will remain open for any other users to share their insight and suggestions.


Finally, here are some training videos and resources to help a new user get started with NinjaTrader and the various platforms:

• Please visit our Help Center to explore our extensive library of Help Articles. We also have video guides, help guides, and a link to our Support Forum.
• Additionally, here is a link to the "Getting Started" section of our Help Center which will contain Help Articles with step-by-step instructions on every you will need to get started using your NinjaTrader Account.
  • Getting Started

Please let us know if we may provide any further assistance.

[shodown888]

Thank you very much Clayton. I will take time to review the resources provided.

[shodown888]

Hello Clayton, I wanted to clarify your statement that stop loss is at concept. Typically with other brokers my bracket order is sent so once triggered the stop loss and entry are already sent and pending as a remaining oco for stop or take profit whether I edit the stop loss such as a manual trail stop. In nt8 if the order is placed, will it be sent as a bracket order? If my computer disconnect prior to entry, will entry, initial stop loss and take profit from the atm strategy be live? How about after entry then disconnect occurs, will stop and take profit remain? I want to ensure I have don't risk an event where I am naked in any position at any time.

[NinjaTrader_Clayton]

Hello shodown888,

Thank you for the question.

When I say "Stop Loss is a concept" that is because there isn't a "Stop Loss" order type.

• A Stop Loss can either be made from a Stop Limit Order or a Stop Market Order.

NinjaTrader must remain connected to the live market and account for the ATM Strategy's OCO Functionality to work as expected.

• Since the NinjaTrader platform itself is managing the OCO functionality on your behalf, the platform must remain open and connected to the markets for it to work.
• While the OCO Functionality wouldn't work if NinjaTrader was closed, those orders would still exist at the Brokerage and Exchange.
  • Click here for more information on each connection and if it supports server-side OCO or requires NinjaTrader to manage it

If you clicked Buy Market and the order filled, the NinjaTrader platform then sends your Profit and Stop Loss targets that are connected via OCO.

• If you then lost power at your house, that Profit and Stop Loss Target would still exist at the Brokerage/Exchange
• But, if your Profit Target was hit during this time, the platform is disconnected and unable to perform the OCO Functionality on your behalf so the Stop Target/Order would remain Active on the Brokerage/Exchange's servers until you go in and manually cancel it.
  • If you do not cancel that order, it is very possible for the market to turn around and hit your other Target which causes you to enter a position in the opposite direction.

So, if you are using ATM Strategies to manage your orders, you need to make sure the PC or device you are using to place them remains open and connected to the account and live data.


Please let us know if you have any other questions.

[backtester831]

Hello Clayton, I wanted to clarify your statement that stop loss is at concept. Typically with other brokers my bracket order is sent so once triggered the stop loss and entry are already sent and pending as a remaining oco for stop or take profit whether I edit the stop loss such as a manual trail stop. In nt8 if the order is placed, will it be sent as a bracket order? If my computer disconnect prior to entry, will entry, initial stop loss and take profit from the atm strategy be live? How about after entry then disconnect occurs, will stop and take profit remain? I want to ensure I have don't risk an event where I am naked in any position at any time.

That's why I always run NinjaTrader on ninjamobiletrader vps because even if my home computer disconnects, my trade is still protected with the automated trail and ATM strategy running. Way too much risk to be in a naked position if there's a computer or internet problem, so ninjamobiletrader vps has been a life saver for always keeping the trailing stops running.