First time post, long time reader. I plan on sticking around, this is by far the best community that I've found when it comes to trading (a rarity indeed).
Question: is it possible to make Ninja Trader trail a stop based on Parabolic SAR dots on the chart automatically after a break even ATM kicks in (hope that makes sense)? If so, how do I go about programming that? Should it be a strategy, or?
The following user says Thank You to christhesquid for this post:
Yes, you can do it via a strategy, but not via an ATM. ATM only supports price (tick) based movements, a strategy can do it though with anything you want.
Unfortunately, this also means your strategy needs to be placing the entry orders, or you can have a custom strategy created that places a buy or sell short button on your chart to 'manually' get you into a position, then have the strategy manage the trailing stop from the Parabolic SAR.
It's pretty advanced, so if you don't know already how to do it, I would say you need to hire it done most likely.
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The following user says Thank You to Big Mike for this post:
Anyone see Chirs Long's(at alcomie.gmail.com) " Profit Target Trailing Stop". You can add it to your automated
strategy to set profit targets, trailing stops, etc. I'm going to put it out here and you can load it down. With
this added to my strategy I uped my profitability from 43.73% to 68.10% under RealtimeTrades. When I put it
under NT backtest101 AllTrades my profitability was up 77.05%. I'm getting there. The next thing I got to try is
if I'm on the wrong side of the trade, if my profitability is less than zero; get out and get on the right side of the trade.
The following 5 users say Thank You to bill897 for this post:
Chris Long's Profit Target Trailing Stop On NT 7.0
I'm currently testing it on NT 7.0. I loaded it down when I was looking for strategies and indicators on the web.
It automates your stop management. If you go through the strategys, a bollinger band strategy will give you
60% profitability. And I heard on another website that most automated strategies are 60% profitable or more
trend following systems. I believe each person should stand on their own feet and go through the pain of giving birth to their own trading strategies and increment themselves through the consequences of trading real time wilh real money. So, I believe you should stand on your own, be your own, do your own; and suddenly you'll
live strong on your own.
This automated stop strategy works with all indicators, bollinger bands, cci, tssupertrend, candlestick patterns,
rsi, etc. Also, add P&L, time filter, round trip filter, etc. And I would suggest to use the "RealTimeErrorHandling".
Turning that off, you would have to know what you are doing. Here's a stop strategy that I loaded down from
Big Mike's a couple days ago. It may be above my head, since it turns off the "RealTimeErrorHandling". If someone could explain to me how this strat works as follows:
The following 2 users say Thank You to bill897 for this post: