ATR move stop after Breakeven

[julifro]

Hello. I have this ATM.




How could I do so that when the price reaches 80 ticks of profit, the stop is placed 40 ticks from my entry?
This option does not work for me because the stop begins to follow the price. I want the stop to stay at +40 ticks.


Thank you

[NinjaTrader_Jason]

Hello julifro,

You would setup the Auto Breakeven as follows. I assume you want the stop loss adjusted to 40 ticks in profit.

Profit trigger: 80
Plus: 40

You would setup the Auto Trail as follows.

Stop loss: 40
Profit trigger: 80
Frequency: 999999

At 80 ticks in profit, the stop loss is adjusted to 40 ticks behind the current market price (which would be 40 ticks in profit compared to your entry). The high frequency ensures the stop loss is only modified once and does not follow the market (only if you would have an additional 999999 ticks in profit).

[julifro]

But the stop was already moved to +6 ticks from the entry when the price reached +40.
Will it then move back to +40 ticks from entry when price reaches +80?

[NinjaTrader_Jason]

This is the Auto Breakeven of your screenshot. Please setup the Auto Trail (step 1) with the settings in post #2.

Stop loss: 40
Profit trigger: 80
Frequency: 999999

At 80 ticks in profit, the stop loss is adjusted to 40 ticks behind the current market price (which would be 40 ticks in profit compared to your entry). The high frequency ensures the stop loss is only modified once and does not follow the market (only if you would have an additional 999999 ticks in profit).