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SetTrailStop with indicator

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    SetTrailStop with indicator

    Hello,

    I would like to know if i can set a trailing stop to a donchian channel. The SetTrailStop function is just related to price.

    Anyone can help me ?

    Thx !
    johnok
    NinjaTrader Ecosystem Vendor - Trade With Me

    #2
    Hello johnok,

    Thank you for your reply.

    The simplest way would be to dynamically update the price of SetStopLoss with the current DonchianChannel value you want to follow. I'm attaching a very simple strategy that will enter long if the most recently closed bar is a green bar. It will set the stop loss to the lower channel of the donchian channel, and a profit target of 25 ticks. On each bar, as long as we are still in a long position, the stop will be modified to the current donchian channel price.

    Please let us know if we may be of further assistance to you.
    Attached Files
    Kate W.NinjaTrader Customer Service

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