How to use a Moving Average as a Stop with the Strategy Builder

[geotrades1]

Hello. I am using a basic moving average crossover system with the Strategy Builder.

Can someone please help me with creating a Stop for this system when price touches a Moving Average?

I would like to use the Strategy Builder vs. unlocking the code.

So, upon entry, it will stay in the trade as long as price is above the Moving Average. Once it touches it, then stops out.

Thank you!!!!!

[NinjaTrader_Jesse]

Hello geotrades1,

To submit a stop at a custom price you would need to use logic similar to the breakeven sample in the following link. You would need a variable to hold the stop price that you calculate and a set to submit the order on each bar until it is filled.

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

Alternatively you would need to just use an exit order in your condition checking if the price touches the moving average, that would only require 1 condition set and the exit order.

[geotrades1]

Hi Jesse. Thanks for getting back!

Since, I am not that familiar with coding, I like your 2nd example.

Can you tell me how I would do that?

Thanks!

[NinjaTrader_Jesse]

Hello geotrades1,

To do that you would need to make a new set with a condition checking if the Price -> Close is less than or equal to the indicator plot and as the action in that set you would select Exit Long. You can additionally add a condition checking if the current market position is flat to avoid trying to exit when there is no position. You can see how to make a market position condition here: https://ninjatrader.com/support/help...ionComparisons

[geotrades1]

Hi Jesse. That worked great. Thank you!!!