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Ninjatrader ATM strategy to automatically adjust your trail stop based on prev candle
Is there a Ninjatrader 8 ATM strategy will automatically adjust your trail stop based on previous candle low/high? Thank you.
For example:
If I use one minute candle chart and has a long entry at 10:05:30AM, when at 10:06:00AM, the trail stop will automatically adjust to be the low of 10:05AM candle (minus x ticks - ideally adjustable), when at 10:07:00AM, the trail stop will automatically adjust to be the low of 10:06AM candle (minus x ticks - ideally adjustable).
If I use one minute candle chart and has a short entry at 10:05:30AM, when at 10:06:00AM, the trail stop will automatically adjust to be the high of 10:05AM candle (plus x ticks - ideally adjustable), when at 10:07:00AM, the trail stop will automatically adjust to be the high of 10:06AM candle (plus x ticks - ideally adjustable).
Thanks,
Daniel
Can you help answer these questions from other members on NexusFi?
This is not possible. When using Automasted Trade Management (ATM) Stops will be trailed at a set distance - trailing amount - from the highest high (long position) or lowest low (short position).
This will not take into account lows or highs of the prior candle.
However, you may create a custom strategy with the strategy builder or directly via NinjaScript that adjusts the stops as you have described.
