Automatic Stop Loss to Breakeven setup sought

[OldGuard60]

I am trading 2 contracts. I want them both to have a SL of say 40. The 1st one has a TP of 60. The second one has a TP of 80. How do I set it up so that IF the first TP is hit, the 2nd contract Automatically moves to Break-even. Appreciate your help.

[NinjaTrader_ChelseaB]

Hello OldGuard60,

This would be achieved with logic to change the price of the stop exit order. The trigger price for the breakeven action would be set to the same distance as the limit profit target order.

Below is a link to an example created with the Strategy Builder.

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

As well as a link to an examples of unlocked strategies that modify the exit stop price.

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

I'm also providing a link to a support article with helpful resources on getting started with C# and NinjaScript.

https://support.ninjatrader.com/s/article/Developer-Guide-Getting-Started-with-NinjaScript

Note, you'll want to set EntriesPerDirection to 2 to allow 2 entry orders.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/strategy-development/1058762-how-do-you-set-strategy-builder-to-scale-out-at-profit-targets?p=1077380#post1077380

[OldGuard60]

Thank you very much