ATM Trailing Stop on Renko Chart

[DMSCanada]

Hello,
Could you please help me understand how to setup a trailing stop within an ATM Strategy?

I have a chart which is printing a new Renko bar every 10 ticks. The plan is to use a 15 tick stop when the opening order is filled (assume at open of new bar) and then each time a new Renko bar prints the stop is bumped to 15 ticks behind the opening price of the new bar. This pattern should continue as new bars in the profitable direction are formed.

Hopefully this makes sense.

Thanks in advance,
David.

[NinjaTrader_Zachary]

Hello DMSCanada,

Thank you for your inquiry.

I've included screenshots of the desired parameters from what I understand in your description. I've not filled in any Profit Target information, as that was not described.

With the parameters attached, your initial Stop Loss will be 15 ticks behind your entry. After 10 ticks in profit, your stop loss will move to 15 ticks behind the current market price and will adjust again after every 10 ticks.

[DMSCanada]

Hi Zachary,

Thanks very much for your help. It's working perfectly now!

Best regards,
David.