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A stop loss that is variable

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    A stop loss that is variable

    Hi

    Assuming a long trade...is it possible to have the stop loss move upward
    in two (or three) preset increments?

    For example:

    Target is 10 ticks.
    Stop loss is 10 ticks.

    After 5 ticks in profit, the stop loss would be moved to be 10 ticks back. Therefore if the trade
    goes really bad, only 50% of the stop loss is lost. (So stop loss moves from 10 ticks originally
    to 5 ticks.)

    BUT IF the trade continues upwards to 8 ticks in profit, the stop is moved to breakeven, so if
    the trade goes really bad there is no loss.




    Using NT 7.0.1000.5 (in sim)

    - Stephen
    Last edited by stephenszpak; 09-23-2012, 02:58 AM.

    #2
    Hello,

    Yes, this is possible using a stop strategy.

    Adam P.NinjaTrader Customer Service

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