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Stoploss with trailstop

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    Stoploss with trailstop

    Hi!
    Is there anyone who can help me with a script for stop loss and trail stop. I want to use a hard stop at the beginning of the trade (it’s a simple breakout strategy) and when I have a profit for instance of 6 ticks I want to switch over to trail stop. I know that I must use different signal name but I don’t know how to code it, I am a beginner in programming. This is part of the code I have written.

    Regards

    Pentti

    // EnterLongStop.
    EnterLongStop(DefaultQuantity, highestHigh,"Long");

    // Calculate stoploss
    if (Position.MarketPosition == MarketPosition.Long)

    stoploss = highestHigh - lowestLow;

    if (stoploss < 8)

    stoploss = 4;
    SetStopLoss("Stoploss", CalculationMode.Ticks, stoploss, true);


    // Cancel stoploss and activate tarilstop

    if (Close[0] >= Position.AvgPrice + 4 *TickSize)

    SetTrailStop("Trailstop", CalculationMode.Ticks, 4, true);

    // Reset trailstop, stoploss
    if (Position.MarketPosition == MarketPosition.Flat)

    SetTrailStop(CalculationMode.Ticks, trailstop);
    SetStopLoss(CalculationMode.Ticks, stoploss);

    #2
    Pentti,

    SetStopLoss() will override any SetTrailStop in the managed approach. You would need to use a different method here such as : http://www.ninjatrader.com/support/f...ead.php?t=3222
    Adam P.NinjaTrader Customer Service

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