Trailing stop utilizing currency rather than ticks

[TheDailyBenjamins]

I would like an automated trailing stop that with an ATM profit target of $100 and a loss target of $100 would trail with the following conditions. 1) if profit = $20 then stop loss = $80. If profit reaches $40 stop loss = 0 or break even. If profit = 80 stop loss = $70 profit. Is this possible? Thanls in advance for any advice.

[NinjaTrader_ChelseaB]

Hello TheDailyBenjamins,

Yes, this would be possible.

if (/* entry conditions here */)
{
    SetStopLoss(CalculationMode.Currency, 100); // the stop loss needs to be set before the entry is submitted to the initial distance
    EnterLong();
}

if (Position.MarketPosition != MarketPosition.Flat)
{
    // storing this to a variable to shorten conditions
    double currentPnL = Position.GetUnrealizedProfitLoss(PerformanceUnit.Currency, Close[0]);

    // profit is equal to or greater than 20 and less than 40, set stop loss to $80
    if (currentPnL >= 20 && currentPnL < 40)
        SetStopLoss(CalculationMode.Currency, 80);

    // profit is equal to or greater than 40 and less than 80, set stop loss to breakeven
    if (currentPnL >= 40 && currentPnL < 80)
        SetStopLoss(CalculationMode.Price, Position.AveragePrice);​

    // profit is equal to or greater than 80, set stop loss to $70
    if (currentPnL >= 80)
        SetStopLoss(CalculationMode.Currency, 70);
}

https://ninjatrader.com/support/helpGuides/nt8/setstoploss.htm

https://ninjatrader.com/support/helpGuides/nt8/position_getunrealizedprofitloss.htm

https://ninjatrader.com/support/helpGuides/nt8/position_averageprice.htm

[TheDailyBenjamins]

Thank you for the response. Do you know anyone who would code this for me? I do not know anything about Ninja coding.

[NinjaTrader_ChelseaB]

Hello TheDailyBenjamins,

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Below I am also providing a link to a forum post with helpful resources on getting started with NinjaScript and C#.

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