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Best method of stop strategy
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Best method of stop strategy
I am a bit confused on the stop strategy please help. I have watched the videos 3 times still not totatlly clear. Let's say I enter ER2 at 768.50 long. I want it to roll to BE at 9 ticks, no problem have that figured out in NT. Now I want to complicate things. After the 9 tick BE I additonally want NT to move the stop to plus 4 ticks when price is trading at 769.80. Basically at plus 9 roll to BE, then at plus 13 ticks pull stop to plus 4.Should I leave my plus 9 roll to BE in auto break ( top )and then put my additonal stop strat in auto trail or just move both to auto trail. I don't understand the diff between auto break and auto trail? Can't you do the same thing in auto trail as you can in auto break. Please clarify. TIA
Dan
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I must be doing something wrong. I kept autobreakeven at 9 as suggested, set 1 step auto trail to the following 13 stop loss, 1000 freq, and 4 profit. That should then bring my stop from BE to plus 4 when it moves 13 ticks or greater, until it hits my target, which is now 18. What am I doing wrong?
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Vince, that doesn't make sense after watching the videos? Just to confirm I want to do this 1. trail to BE when it goes 9 ticks. 2. when it goes 13 ticks, move from BE to plus 4 ( past BE) ticks. 3. Eventually go to move proft target of 18 ticks. Please confirm you previous post is correct. I think you misunderstood what I wanted to do.
Dan
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Dan,
The way I set it up is correct. Let me try to explain.
When you are up 13 ticks, (profit 13) the Stop moves to BE +4 which is the same as setting the Stop Loss at 9 (9 ticks behind where the market is at: 13-9=4)
Hope this makes sense.
Vince
Vince B.NinjaTrader Customer Service
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