A common technique used by discretionary traders is scaling in and scaling out of a position. To scale out of a position refers to closing a portion of your position when you hit a profit target and then raising your stop to close your remaining portion later.
Key concepts in this example:
Important related documentation:
NinjaTrader 8
NinjaTrader 7
* Entry handling properties can be either programmatically set or set through the Strategy dialog window
Import instructions:
NinjaTrader 8
NinjaTrader 7
Key concepts in this example:
- Submitting Profit Target orders
- Submitting Trailing Stop orders
- Closing half of your position at a time
Important related documentation:
NinjaTrader 8
NinjaTrader 7
* Entry handling properties can be either programmatically set or set through the Strategy dialog window
Import instructions:
NinjaTrader 8
- Download the file contained in this thread to your PC desktop
- From the Control Center window, select the menu Tools > Import > NinjaScript
- Select the downloaded file
NinjaTrader 7
- Download the file contained in this thread to your PC desktop
- From the Control Center window, select the menu File > Utilities > Import NinjaScript
- Select the downloaded file and click Import.
