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Complex Profit Target / Stop Loss

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    Complex Profit Target / Stop Loss

    Hello,

    Can you please help me setting up a template for profit target / stop loss?

    I would need the template to initially have a 3 points (12 ticks) profit target and a 2 points (8 ticks) stop loss.

    If the trade goes in my direction then the stop loss should be moved by 1 point once the price has moved in my direction by 1 point. After 3 points in my direction the profit target would be met.

    If price goes against me by 1 point, on the other hand, then the profit target should be changed to 2 points and the stop loss would stay at 2 points.

    How can I set this up?

    Thank you!​

    #2
    Hello rosedpas,

    Thank you for your post.

    For full functionality this would need to be coded into a fully automated strategy as ATM strategy will not move the Profit Target.

    This would need to be done manually if not done in a fully automated strategy.

    For reference I have included a link on the Strategy Builder: https://ninjatrader.com/support/help...gy_builder.htm
    Spencer F.NinjaTrader Customer Service

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