Is it possible to move my stop loss after a profit target is reached? For example if I have 2 contracts going long with 1 target at 10 ticks and 1 at 25, when the first one hits it's target, move the stop loss to break even.
I am only guessing you are talking about a trading platform, NinjaTrader, so I've moved your thread to the right section.
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The following user says Thank You to Big Mike for this post:
If you are in NInjaTrader, go into the Help and locate the topic for ATM (Automatic Trade Management). There is a prolonged discussion of stop rules that can be set to automatically trigger, including the case you are asking about.
The following user says Thank You to bobwest for this post: