I've got these target stops for a strategy in Strategy Builder however I'm wondering if there is a way to do a trailing stop so that instead of a profit goal I put a trailing market stop if we hit x# of ticks ?
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Hi MatthewLesko,
That is very well possible with the StrategyBuilder (SB). If you click on "Stops and Targets", you should be able to pick a "Trailing Stop".
Watch-Out: With the SB out of the box, you can only choose either a Trailing Stop or a regular stop.
However, you can still achieve both in parallel, if needed. Leave the "Stop and Targets" section as is, and in addition, create your own set of rules to create / adjust / watch a Trailing Stop price variable and close the trade if the price crosses this price level. Brandon recently made a video of how a Trailing Stop can be used to enter a trade. The same principle can be applied here (the other way round).
NT-Roland
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