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Hello heguilar, thanks for your post.
You can call SetStopLoss within OnBarUpdate to set your stop loss dynamically. When you get the signal that the strategy's unrealized PnL (using Position.GetUnrealizedProfitLoss) is over $500, call SetStopLoss again to change its position.
Please let me know if you have any further questions.
Chris L.NinjaTrader Customer Service
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