Sliding auto-breakeven

[pwald9]

Can you tell me if there is a way in which I can have an auto-breakeven that automatically adjusts itself please?
What I am trying to achieve is to trade 4 contract on the YM with an initial stop of i.e. -10 on all 4. At profit level +5 I take 2 contracts off, at profit of +10 I take another off then let one run. I have been using no stop strategy for targets 1 and 2 but using the autobreak of position 3 to adjust the stop to breakeven +1 on a profit of +6. This works well but then I tried to adjust things so as to manage the 1 running open contract. I tried to set the autobreakeven from position 1 to breakeven+1 at profit +6 and then use the breakeven of position 2 to move it to breakeven +5 at profit +11 and then autobreakeven of position 3 to move it to +10 at profit +20. This didn’t seem to work as no autobreakeven adjustments we made during the trade to +15 point, where I close the position.
I could use trailing stops but I want fixed stops rather than trailing stops. Not sure if I have made any sense above. I guess what I am asking is can you set multiple autobreakeven criteria that adjust themselves upward as the trade progresses within 1 strategy using the 3 positions, or is only 1 possible?
Many thanks

[NinjaTrader_Vincent]

HI,

I replied to your note that you sent to support@ninjatrader.com

Vince

[NWJocot]

Vincent wrote:

HI,

I replied to your note that you sent to support@ninjatrader.com

Vince

Vincent: What answer did you give to pwald9 question?

[NinjaTrader_Vincent]

Hi,

Here was my answer:

What you want can only be done while using the Auto Trail feature. We don't
have any fixed stops in V5 nor the possiblilty to set up multiple Auto
Breakeven criteria.

What is possible in the future is system development. We will have this
available in our upcoming V6 which we are planning to release in the next 10
days for subscribers. A full production release is scheduled in January of
next year.



Vince