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Need help setting stop strategy
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Need help setting stop strategy
Newbie here trying to set an ATM stop strategy. I'm using auto breakeven for an initial profit trigger of 22 ticks with a plus of 20 ticks. I have set this up correctly, but I would like to add a trailing stop where I keep this two tick difference. How would I set the auto trail parameters?Tags: None
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Hello Dennis W,
Thanks for your note.
To set up the auto-trail first you would want to figure out how many ticks in profit you would want the auto trail to trigger. Then set a stop loss at however many ticks behind the market price after you hit your profit trigger. Then for the frequency that would be how often you would like the stop loss to be adjusted after hitting your profit trigger.
Like this screenshot for example
The profit trigger is 24, you can set the stop loss back 2 ticks to keep the 2 tick difference from your profit, then if the frequency is set to 1 this will move your adjust your stop loss for every 1 tick in profit.
If you would like more information on how to set up auto-trail features I have a link below for your reference: https://ninjatrader.com/support/helpGuides/nt8/auto_trail.htm
If you have any further questions please let me know!
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