Dynamic Trailing Stops

[whitmark]

NinjaTrader has an great order interface that can do auto trailing stops based on fixed parametersas well as a up and coming charting package that can do all types of indicators.

Why not provde an integrated solution to combine thebest of both worlds and offer, for example,a more dynamicauto trailing stopbased onanx-periodAverage True Rangevalue that is offset fromthe previous bar close. With each new bar and advance in price, this type of"chandelier stop"would ratchet tighter as thecurrent auto trailing stops does nowbut be based on a more dynamic stop value. This example isjust the tip of the iceberg regarding ideas that incorporate dynamic stop values.

Thoughts / Comments?

Regards,

Whitmark

[NinjaTrader_Ray]

You will be able to do stuff like this in another quarter or so.

Ray

[whitmark]

Ray,

Is NinjaTrader getting any closer to do this type of functionality? Thanks.

Regards,

Whitmark

[NinjaTrader_Ray]

Yes we are getting closer but still a few months away since we decided to add additional level of functionality that may take some more time.

[trymph]

Along the same lines I'd love to see the targets based on a percent of position rather than absolute quantity........Often time I scale in larger than original strategy plan and would like to set up the same distribution of contracts among my 3 targets as my original planned size.



Wish list

Regards

Bruce