Trailing stop loss

[AlessioCianini12]

Hi, is it possible to use a settrailstop(tik,numTik) in order to put the stop loss in a price in which if hit is going to give me a profit?
Such as: avg entry: 100, price now: 105, stop loss: 103
Thanks

[NinjaTrader_PaulH]

Hello AlessioCianini12,

Thanks for your post.

If you are using the Strategy Builder, the answer would be no. You could create a set that monitors your price to your exit level and when the exit level is hit to then exit using ExitLong() or ExitShort().

If you are using Ninjascript then yes you could move the SetTrailStop(). I think a better use here though would be to use SetStopLoss() in stead of setTrailStop().

The SetTrailStop() method moves the stop position as the trade goes into profit, so for each tick of profit the stop is adjusted that many ticks.

Please be sure to review the help guide for a better understand of the setTrailStop and the criteria to use it correctly: https://ninjatrader.com/support/help...ttrailstop.htm