ATM Strategy Moving Stop Loss

[kevrav100]

I browsed the forum but was having trouble finding something to help me. I feel like this is pretty basic but I'm having trouble setting up a custom ATM strategy for my stop losses.

I see trailing stop losses but I'm simply looking to move up the stop (without trailing) as the price hits new highs. Ex:

Entry Price = 21670, Initial stop = 21665 (-5)
Step 1 = 21680, Next Stop = 21672 (+2)
Step 2 = 21690, Next Stop = 21680 (+10)

I have tried adding new targets and setting the profit to 0 but then I have no way of telling it when to trigger the stoploss. I tried a custom stop but it only has a breakeven calculation which appears to work for my first step, then nothing happens for all of the other. All other options are trailing stops, which I don't want. I just want it to move up when only a new target is it.

How would I input this as an ATM strategy in the Super DOM?

Thanks

[NinjaTrader_RyanS]

Hello,

Thanks for the note.

I have attached screenshots of what I believe you want to accomplish.
You will have an initial stop of 5 ticks.
Then you after 10 ticks of profit you'll have the stop move to 8 ticks behind the price.
Then after 20 ticks, the stop will move 10 ticks behind the current price.

The frequency is set to 999 in my examples so that they remain static stops and do not trail.
I've also linked to our helpguide for your reference:

https://ninjatrader.com/support/helpGuides/nt8/en-us/stop_strategy.htm

Please let me know if you have any further questions.

[kevrav100]

Thanks Ryan that clears it all up! I was misunderstanding how the frequency parameter operates.