in NT. I don't think it is possible without NinjaScript but am unsure.
(I assume the script would have to be started by the trader a second
after the trade was made.)
Let's say a descretionary trade is made on the YM. One goes long on the
YM at 8000.
Stoploss is 4 points.
Breakeven stop is 4 points.
If YM goes to 8010 a trailing stop of 5 points is engaged.
If the YM goes to 8015 without any stop being engaged then...
(I don't know the name of this>>>) NinjaTrader would monitor
the trade to capture 70% of this upward move. That is, 70% of
the move that in hindsight, began at 8000 and will go to whatever.
I don't see how
any FIXED trailing stop would work here. The move up could be 20
points, 50, 75, etc.
Of course I'm not asking customer support for the exact details of all
this...just the basics of what would be involved.
Thanks,
- Stephen
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