Trailing Stops

[unclelou]

I can't get my head around the trailing stops. Here's whatI want to set up: (1) initial stop 11 YM points; (2) at a profit of 11 YM points, move stop to BE - 3; at a profit of 21 points, move stop to BE +3. Thanks for any help!

[NinjaTrader_Ray]

Set up your strategy with a stop loss value of 11 points.

For auto trail, use two steps.

Step 1

StopLoss- 14
Frequency - 100
Profit Trigger - 11

Step 2

StopLoss - 18
Frequency - 100
Profit Trigger- 21

The reason for the frequency value of 100 is so that the trail stop only moves once. If you set the frequency to a value of 1 (for example) the stop loss will move up for every additional 1 point in profit.

[unclelou]

Thanks!

[swiss]

I don't trade futures but stocks, so what should the set up be for :

1) initial stop = $ 1.00

2) at a profit of $ 0.50 move stop to BE

3) at a profit of $ 1.00 move stop to BE + $ 0.60

That would be for a 5$ stock.

Instead of an amount, would it be possible to use %, let's say :

1) initial stop = 20%

2) at a profit of 10% move stop to BE

3) at a profit of 20% move stop to BE + 12%

In this way, I could set up 1 strategy for different stock values !

Thanks for your feedback.

[NinjaTrader_Ray]

Hi Swiss, it is not possible to set the auto trail based on % at this time.

Set Stop Loss value on entry tab to $1.00

AutoBreakeven Profit Trigger - $0.50

Trail Step1 1

Profit Trigger - $1.00

Stop Loss $0.40

Frequency - A value that will determine how often the stop loss will move ( $0.05 will move the stop up for every additional nickel in profit)