Stoploss to become smaller after a position is open and starts to lose.

[JohnZee]

Hello,

I am trying to create an ATM strategy where initially when I open a new position manually the stoploss target will be 12 ticks. If it moves against me by 4 ticks then I want the stoploss target to become smaller or half, lets say 6 ticks rather than the initial 12 ticks when the original order was placed. Is that possible?

Thanks
John

[NinjaTrader_LuisH]

Hello JohnZee !

Thank you for posting in the NinjaTrader forums.

Unfortunately this cannot be done without some sort of custom programming. My first idea was that you could do multiple steps with multiple profit targets and stop losses but this all falls under the idea that the market moves in your favor.

If you are not sure how to get started, you might consider checking out the NinjaTrader Ecosystem for additional resources on custom programming.

• https://ninjatraderecosystem.com/sea...%20programming

Please let us know if there's anything else we can assist with!


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[JohnZee]

Hello,

Just to clarify I can make the stoploss smaller from 8 ticks to 3 using the Breakeven feature when a position is in a profit but I am trying to implement the same functionality when a position is losing also. Thanks

John

[NinjaTrader_LuisH]

JohnZee ,

I understand what the goal is - it would not be possible at this time.

Thank you!