Dynamic Stoploss

[JLSwin]

My question is, if were to move my set variable inside onBarUpate() and based it from and either or if() statement, and in addition placed setSt
oploss() in same group. Would my Stop Loss update dynamically.

[NinjaTrader_ChelseaB]

Hello JLSwin,

I'm not quite understanding the logic, but after the entry has filled and the position is taken you can definitely update the stop loss to a new price.
If using SetStopLoss(), this will need to be reset using CalculationMode.Ticks one line before the entry method is called.

Below is a link to examples.

https://support.ninjatrader.com/s/article/Profit-Chase-Stop-Trail

[JLSwin]

Chelsea, Thanks for your answer, My logic after a certain amount of unrealized PnL, moving the stopLoss to lock in gains similar to break even, in the ATM. Looking to accomplish through code, the reason for the if condition statement. Actually thinking about it, the logic for the break even in code would possibly make it possible. For example, if the stopLoss was set at 30 ticks below entry, and unrealized crossed above 30 ticks, the the stop loss moves locking profit in.

[JLSwin]

Chelsea, Could you show an example of, "If using SetStopLoss(), this will need to be reset using CalculationMode.Ticks one line before the entry method is called." Thanks

[NinjaTrader_ChelseaB]

Hello JLSwin,

Are you using Atm Strategy methods? (Are the entries being submitted with AtmStrategyCreate()?)

The example I have provided is of a dynamic trailing stop behavior.

Below is a link to a simple example of a breakeven with the Strategy Builder.

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

And a link to an example of resetting SetStopLoss() before placing a new entry to prevent an invalid price error.

https://forum.ninjatrader.com/forum/ninjatrader-8/strategy-development/1307060-order-cannot-enter-because-price-moved-too-fast?p=1308054#post1308054

As well as the forum post that discusses this.

https://forum.ninjatrader.com/forum/ninjatrader-8/strategy-development/1281255-calculationmode-price-giving-errors?p=1281337#post1281337