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Basic Trailing Stop (non-tightening)
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Basic Trailing Stop (non-tightening)
How do you setup a basic non-tightening trailing stop? Auto Trail appears to always tighten. Is Chase the right construct? I'm just looking for a stop that trails along behind the price at the same interval, and that allows me to adjust it on the chart.
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Hello,
Thank you for your post.
In order to setup a Trailing Stop that does not tighten as you get additional profit in your trade you will want to use a 1 Step Auto Trail. Keep in mind if you want the Stop Loss to follow the current price as it moves you will want to use a Frequency of 1.
I have provided a link below to our Help Guide that goes over the Auto Trail feature.
Please let me know if I may be of further assistance.Christopher J.NinjaTrader Customer Service
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