Trailing stop in strategy

NexusFi · 2017-03-01T17:26:56-05:00

I'm new to NT8 and trying to learn to build strategies. I have a basic strategy built that is working with 1 contract, and a simple profit target and stop in place. I would like to know where I can find information on how, if my strategy is set to trade 2 contracts per execution, the stop moves to break even after the first profit target is filled, and then trails the second contract by (x) number of ticks until either second profit target is hit, or the stop is triggered. Any direction is appreciated. Bullywig Hello …

Discussion in NinjaTrader

Updated March 1, 2017

Trailing stop in strategy

March 1st, 2017, 05:26 PM

#21 (permalink)

adaisguy

Edmonton, Alberta

Elite Member

Experience: Intermediate

Platform: NT8

Broker: Continuum, Global Futures, Ironbeam

Trading: ES

Posts: 7 since May 2016

Thanks Given: 1

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Bullywig

I've been playing around with that exact strategy, but it's set up for a long entry only. I was able to figure out how to set up the short entry, but not both within the same strategy. As a separate strategy. The parameters to enter in that template are simply close(0)>close(1) if I;m understanding the logic correctly. I'm not ninja script proficient; just starting out so struggling to get my conditions in lieu (close(0) >close(1) portion.

You can have long and short orders at the same time. Simply use two AtmStrategyCreate commands, give them two different names and make one a long entry and the other a short entry. You cannot directly make the orders OCO but you can have your strategy cancel one order when the other order is filled.

You can download an example strategy here: OCO bracket [AUTOLINK]stop orders[/AUTOLINK] with different [AUTOLINK]ATM[/AUTOLINK] strategies - [AUTOLINK]NinjaTrader[/AUTOLINK] Support Forum