kjohnson67
10-07-2008, 01:39 PM
Hello,
I have what I think is a simple question on how to use trialing stop in a script. I run a simple scalping (short) strategy where an event happens and I take a short position. Right now I take 5 pips profit. I get a high percentage at this target but I notice on quite a few trades I could ride quite a bit more.
Can I use a trailing stop order instead of stop loss and take profit? I really want to be able to stop out at 10 pips loss and take minimum of 5 pips profit but but keep going as long as the position keeps improving. How would I structure something like this in Ninja Trade scripting. I already have a strategy but would like to replace stop loss/ take profit with something like I described. Hope it makes sense. Any help is appreciated.
I have what I think is a simple question on how to use trialing stop in a script. I run a simple scalping (short) strategy where an event happens and I take a short position. Right now I take 5 pips profit. I get a high percentage at this target but I notice on quite a few trades I could ride quite a bit more.
Can I use a trailing stop order instead of stop loss and take profit? I really want to be able to stop out at 10 pips loss and take minimum of 5 pips profit but but keep going as long as the position keeps improving. How would I structure something like this in Ninja Trade scripting. I already have a strategy but would like to replace stop loss/ take profit with something like I described. Hope it makes sense. Any help is appreciated.