Stop below or above high/low

[StephTrad]

Hello,

I searched on the forum but given my level of English I obviously did not find anything so I come directly to ask the question.

I have a strategy that takes buys and sells depending on the signals. I would like to place the stop 1 tick below the bottom or above the top of the current candle depending on whether it is a buy or a sell.
I am using Strategy Builder but when I get to the Target and Stop orders section I don't see any way to distinguish my 2 options.

Should I create groups with my entry conditions and a Boolean validation for the stop choice?

Thanks in advance.

[NinjaTrader_BrandonH]

Hello StephTrad,

Thanks for your post.

You would need to provide the entry order with a unique 'Signal name' and then use that signal name in the 'From entry signal' property when setting up your Stop/Target orders in the Stops and Targets screen of the Strategy Builder.

For example, if you have a long entry order you could give that order a 'Signal name' of something like 'longEntry'. Then, when setting up your Stops/Targets for that order, you would use 'longEntry' for the 'From entry signal' property to tie the Stop/Target to that specific entry order.

See the help guide documentation below for more information.

https://ninjatrader.com/support/helpGuides/nt8/index.html?managed_approach.htm#EntryMethods

https://ninjatrader.com/support/helpGuides/nt8/index.html?managed_approach.htm#HowToCloseAPosition

Also, here is a link to our publicly available training video, 'Strategy Builder 301', which you may find helpful.

Strategy Builder 301 — https://www.youtube.com/watch?v=_KQF2Sv27oE&t=13s

Let us know if we may assist further.

[StephTrad]

Hello Brandon,

Okay, I get it, it's finally simpler than I thought.

Luckily you're here, thank you so much !