Moving stop to below EMA

[sgordet]

I'm not competent in C.
Assume that I'm trading off of a chart in a long trade, and I have an ATM in place for my stop and target.
Is there a way that I can automatically close my trade if a bar closes below a 20EMA, not transversing the EMA, but closing below it.

[NinjaTrader_Erick]

Hello sgordet ,

Thank you for reaching out.

The most accurate way to do this would be through scripting, so that the code can tell the strategy to submit a close order for the position once the condition is met.

Otherwise, you will need to use Alerts with Trade actions. The thing is, the Alerts can only set with simple logic like:

"Once the bar closes below the 20EMA, submit a Sell or a Buy order. "

It will not know or consider whether you are already in an active trade or have any ATMs working. So you would have to be careful when doing this.

Please see the link below for our Alert overview in our NinjaTrader 8 help guide:

https://ninjatrader.com/support/helpGuides/nt8/alerts.htm

I have also provided a publicly available video of NT8 Alert examples:

https://www.youtube.com/watch?v=Ov4-OMZ5fTM

If you want to take a shot of scripting a strategy to accomplish this, you can contact our engineering team at

[email protected]

For help getting started.

If you have limited time or programming capabilities, you can look through our NinjaTrader Ecosystem for 3rd party custom scripts or vendors who may be able to assist you with this.

Please let me know if you have any questions.