Trailing stop

October 30th, 2014, 11:32 AM

Hi,
Suppose, for example, I have a strategy that enters long at 1900 and has a target of 1905 and a stop of 1898. When it gets to 1902.50 I want to cancel the original stop and replace it with a trailing stop so that my trailing stop is 2.5 points below my target. These numbers are just to help explain what I want to do. Basically, I want to enter at a certain point with a target and stop order. Then when my profit reaches a certain level I want to drop in a trailing stop.
Is this doable? Does anyone have some code they'd be willing to share?
Thanks ... Ed

October 30th, 2014, 12:35 PM

You can easily do this, but you need to code it manually. Also you would need to decide, which trailing stop you would like to use

-> Parabolic Stop
-> Supertrend
-> Gann Hi-Lo Activator
-> Chandelier stop
-> 3 bar trailing stop
-> BBandsDots
-> Brain trend

You will find most of these in the download section of the forum and can use them with your strategy.

October 30th, 2014, 12:42 PM

Hi,
Thanks for the quick response. I guess I wasn't clear. I am looking to do this in my own strategy using ninjascript.
Thanks ... Ed

Fat Tails

You can easily do this, but you need to code it manually. Also you would need to decide, which trailing stop you would like to use

-> Parabolic Stop
-> Supertrend
-> Gann Hi-Lo Activator
-> Chandelier stop
-> 3 bar trailing stop
-> BBandsDots
-> Brain trend

You will find most of these in the download section of the forum and can use them with your strategy.

October 30th, 2014, 01:24 PM

Ed

You can do that in NT without any coding.
Just define an ATM Strategy and you can define a trailing stop strategy.

October 30th, 2014, 01:55 PM

edstaffin

Hi,
Thanks for the quick response. I guess I wasn't clear. I am looking to do this in my own strategy using ninjascript.
Thanks ... Ed

This is what I understood. When you code your own strategy, you can access existing indicators and use them for your trailing stop. Of course you can code your own variations of trailing stops as well.

What you wish to do is easily feasible.

August 10th, 2018, 01:57 PM

Hi All,

I'm jumping into this thread a bit late, actually 4 years late, but I was wondering if you've been able to achieve your trailing stop Ed?

I see what you mean with wanting to create your own trailing stop loss, as the Strategy Builder tool in Ninjatrader has limited flexibility, unlike the ATM Strategy tool. Personally, I like to trade with Renko charts so a trailing stop such as yours, i.e price must move x amount before moving stop loss y amount, is useful and simple.

I also see why you'd like to code it and not link it to an ATM Strategy as doing so is not backtestable using the Strategy Analyzer tool.

Please could you let me know, how you got on.

Thanks!

Jim

Trailing stop

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Trailing stop