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ATM settings for auto trail stop strategy

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    ATM settings for auto trail stop strategy

    Hello, could you please advise on how to setup the stop strategy so that if the position hits +16 ticks profit, the stop moves to 16 ticks away. Then it auto trails by 16 ticks so that if the profit drops below 16 ticks, the stop stays in the same place, but if the profit goes to +17, then the stop moves up by 1.

    Attached screenshot is what I have setup so far. Am i on the right track?

    #2
    Hello,

    The setup you posted would accomplish your desired actions. At 16 ticks your stop would move 16 ticks behind price, or at breakeven, and the stop would trail for every additional tick of profit the position received.

    Please let us know if you have any other questions.
    Ryan S.NinjaTrader Customer Service

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