add condition to change the initial stop lose some pips higher when a price moved up

[MoreYummy]

add condition to change the initial stop lose some pips higher when a price moved up, and do not change again, untill the other condition is met.

ex: The LONG opened at 1.5010 The SL is at Sell 1.5000; in any given time the price moved up to 1.5015 or higher, the SL will changed to 1.5005 and do not move up unless there is a second similar condition that change it to higher.

It works similar to the ATM in NINJA, but i want to use it in ninjascript. It is a little bit different than trailing stop, which keep moving up as the price move up.

Is it possible to do it in wizard? Or i would probably need to code and calculate the difference entry price and the last price, if 5(whatever) or higher, change SL, so only 1 SL order.

[MoreYummy]

in the wizard, there is a function under strategy "Unrealized PnL". What does it do?
A preset strategy, or simply returning the current unrealized profit and lose?

Sounds like the one im looking for to get the difference between entry and the current price. So I can use it to compare if >= 5, then change the SL order.

let me know.

[NinjaTrader_Dierk]

>> Sounds like the one im looking for to get the difference between entry and the current price. So I can use it to compare if >= 5, then change the SL order.
This should work using UnrealizedPnL in the wizard.

[MoreYummy]

there are 3 options in Unrealized P/L: Currency, Percent, Points.

im trading forex, do i use points as Tick in this case? 1 Point = 1 tick?

[NinjaTrader_Dierk]

A tick is a pip not a point. You e.g. would need to apply 0.0001 points for one pip/tick of EURUSD.

[MoreYummy]

O ok. so using real math's Point.

Let's say other pair, USD/JPY, 105.00, 1 point is 1.00, 1 tick in this case is 0.01 point?

now back to basic math. lol

thanks.

[NinjaTrader_Dierk]

>> Let's say other pair, USD/JPY, 105.00, 1 point is 1.00, 1 tick in this case is 0.01 point?
correct

[MoreYummy]

Ok got it.

now a new issue with stop order.

In the wizard, there is a list of order types. In my original setup, for LONG order, I will enter with "enter long position by a limit order", and together with this as take profit "Exit long position by a limit order', and stop lose using "Exit long position by a stop order".

so when I am using the new condition to check if the pip is over 5 pips, then change the Stop Lose order to something else, I choose:" Exit Long position by a stop order", which is exactly as my original order?
Will I have 2 stop order, or just one, which is the new one will replace the original one that is placed when the entry is successful?
Everything else is default, from what i remember, if I dont change the "From entry signal" name, new SL order will always replace the older one unless the "From entry signal" name is different between these 2 stop lose orders.

Am i correct? Maybe a little complicated.

Thanks.

[NinjaTrader_Dierk]

>> Everything else is default, from what i remember, if I dont change the "From entry signal" name, new SL order will always replace the older one unless the "From entry signal" name is different between these 2 stop lose orders.
correct

[MoreYummy]

this is off topic.

is there a way to have ninja script only trade once per candle?

maybe after a trade is entered, put into a variable as true, then after the next candle or after 5 minutes for example, change the variable to false.

[NinjaTrader_Dierk]

CalculateOnBarClose=true (default) takes care of that. Please consult the docs for details.