Set Trailing Take Profit

[walter739]

Hello, I have a strategy one minute without stoploss, I need set a trailing take profit only, I wish when the price touch the profit, not close the operation, only modify order with new price with new profit, I can set this in strategy builder?

Example
Price buy 200
Profit 20%
Price profit 240
When the price touch profit i need begin a order with trailing stop

Regards

[NinjaTrader_PaulH]

Hello walter739,

Thanks for your post.

The Trailing stop that is provided in the strategy builder would not be able to be used like that. It is employed immediately upon an entry order fill and it will trail current price by the specified amount, it does not go backward and for every tick of profit, it moves forward 1 tick.

To accomplish your goal you would need to create a custom trail stop based on your rules. Here is a link to a forum post where my colleague Chelsea has provided a Strategy Builder created custom trailing stop which may help you see how to create your own: https://ninjatrader.com/support/foru...rategy-builder

[walter739]

Thank you for the information. I work on that.

Regards