Complex Profit Target / Stop Loss

[rosedpas]

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!

[NinjaTrader_Spencer]

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