Writing the right strategy I want

[Antraman]

Still trying to get my head around writing the correct automated stop strategy for the style of trading I like to do manually.

How can I set it up so that if I buy 3 lots, with a stop of 4pts,

a)I sell one lot at x number of pts profit to breakeven (incl. brokerage+fees),

b)sell a second lot at a set profit target,

c)with the remaining lot, have an autotrailing stop that just follows at 4pts, without a target, but gets closer once a certain target has been reached, say 15pts, or 25pts, and closes itself once the market turns around and stops itself out?

Any suggestions would be appreciated,

thanks, Antraman

[NinjaTrader_VinceB]

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Hi Antraman,

can you send an email to [email protected] referring to this topic and I will send you the correct settings.

Vince

[Antraman]

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email sent. Thanks

Just a quick quest.

In the Auto Trrail feature, when discussing "Frequency", part of your guide says it refers to "how frequent the stop loss order is adjusted", but further below in the yellow section it says it is the number of ticks the market has to move before the stop is adjusted.

Is this the same thing, because I read them quite differently. In the former, it implies that it will adjust your stop loss that number of times, at step 1, before going onto the strategy defined by step 2. Whereas in the latter, it suggests that at step 1, your stop loss will be adjusted everytime the market moves up by the value in "Frequency", then once it reaches the profit target stated in step 2, the stop strategy of step 2 will kick in.

When I run various combinations of values in sim, the autotrail happens a bit too quickly for me to record the changes and see what just happened.

Sorry, I'm a bit confused.

Antraman

[trymph]

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If I could jump in.... Frequency is # of ticks required to move the trailing stop....as for when step 2 kicks in.........I usually cant hold long enuf to find out...eheheheeh

[Antraman]

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Thanks Trymph. Vince very kindly sorted it out for me.

Pretty amazing stuff!