Stop updating

[ezrollin]

How do you update your stop once price has gone a little into profit?
I think my action order is lacking.

It should be like:
On entering long:
Stop_Trigger = (Close[0] + (Trail_Trigger * TickSize)) ;

On market data update:
Stop_Price = (marketDataUpdate.Price - (Trail_Size * TickSize)) ;
SetStopLoss("", CalculationMode.Price, Stop_Price, false);
but is there any way to do it in the strategy builder? without having to unlock and code it? Thanks

[NinjaTrader_PaulH]

Hello ezrollin,

Thanks for your post.

Yes, you can do this in the Strategy builder but you cannot use the Set methods as they are fixed at the time the strategy is applied (meaning they cannot be set dynamically). You would have to use Stop and Limit type orders for the stoploss and profit target.

Please see this example of a trailing stop by my colleague Chelsea: https://ninjatrader.com/support/foru...der#post806596