Trailing stops in strategy builder.

[phillyc]

Hello,

I'm new to NinjaTrader 8 and have set up a few simple strategies that I would like to build in the Strategy Builder. I've read the documentation and I am having trouble implementing the trailing stop to my liking. If someone could provide screenshots that would be very helpful, I'm a visual person and grasp concepts best that way.

If someone could assist me setting up this scenario, I'll be able to test and modify for different scenarios. Thanks!!!

Here is what I'm looking to do.

1. Typically I trade 5 MES at one time
2. Upon Order fill, set up a 10pt stop loss
3. When price moves in my favor by 6 points, move stop loss to break even(3000)
4. When prices moves in my favor by 8 points, sell 2 contracts at market order
5. Add a trailing stop for 6 ticks for the remaining 3 contracts
6. When the price moves 12pts in my favor take 2 contracts at market order
7. Leave 1 contract as a runner and sell at market if it hits profit or trailing stop (market)

	Price	Contracts	Stop Loss
Initial Long Entry	3000	5	2990 (10pt)
Moves 6 pts in favor	3006		Move to Break even (3000)
Moves 8 pts in favor	3008	2	Take Profit - Market order
Add Trailing stop for next 3 contracts	3008		6 ticks behind (3002)
Moves 12pts in favor	3012	2	Take Profit - Market order
leave Runner 40pts	3042	1	Take Profit - Market order

[NinjaTrader_ChelseaB]

Hello phillyc,

Below I am providing a link to an example of custom trailing logic in the strategy builder for you to learn from.

https://ninjatrader.com/support/forum/forum/suggestions-and-feedback/suggestions-and-feedback-aa/103992-request-breakeven-functions-in-strategy-builder?p=806596#post806596

The idea is to use variables to track the price of where the trailing event will be, and then trigger the action one the market price reaches that variable price.

I am also including a link to a forum post with helpful resources on getting started with NinjaScript and C#. Be sure to watch the 'Automate Your Trading with NinjaTrader's Strategy Builder' training video.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/indicator-development/97575-sample-scripts?p=786040#post786040

Please let me know if you would further direction as you create your script.