TrailStop Strategy builder

[andarbe]

Hi, how can setup Trails stop in Strategy builder with similar functions the ATM? Example move it to break even each number of specific tics in price advance, or trail stop only move each number of specific tics in price advance
Thanks

[NinjaTrader_Jesse]

Hello andarbe,

Thank you for the post.

This is generally a concept that is best left for manual coding as this does require the use of variables and additional logic. This would also not be as accurate in the builder because you are unable to access the individual average entry price of your entry and instead have the whole position average price.

Another problem with this in the builder specifically will be keeping the stop order active while updating it. because the builder uses the Managed Approach and you are unable to set LiveUntilCancelled on the orders, any condition you create to trail needs to become true on every bar for the order to remain uncancelled. The Set methods in the targets section do not apply to this rule which is why they are able to stay active.

If you would like to recreate ATM logic specifically, it may be suggested to instead manually code a strategy and use the ATM methods specifically. In a NinjaScript strategy, you can combine ATM strategies to manage targets from strategy submitted entries. The SampleATMStrategy that comes with NinjaTrader shows the syntax required, unfortunately, this is not available in the builder.


I look forward to being of further assistance.

[andarbe]

ok, thanks for reply