Stop that trails at close of prior bar

[rasdaka]

Hi, Curious if you might have an example of (and/or a guide to) a Stop that just trails at the close of the prior bar, as the price moves forward. Thanks!
RK.

[NinjaTrader_ChrisL]

Hi rasdaka, thanks for posting. We have a few examples of break even and trailing stops in the strategy builder here:

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

You can do this in a hand-written script as well, while Position.MarketPosition == MarketPosition.Long/ or Short, use SetStopLoss() method, using the Price parameter type e.g.

if(Position.MarketPosition == MarketPosition.Long)
{
if(Close[0] > Close[1])
{
SetStopLoss(CalculationMode.Price, Close[1]);
}
}

Kind regards,
-ChrisL

[rasdaka]

Thank you, Chris. Looks simple enough.