Profittargettrailingstop_1.01B Trailing Stop Strategy Framework

Adds a Stop Limit, Profit Target and Trailing Stop that advances on close of bar or every tick according to CalculateOnCloseOfBar true or false within your auto trade strategy.
It is a simple implementation that tries to emulate the ATM trailing stop 1st level.
I am currently working on a 3 level trailing stop to emulate the full ATM trailing stop tool.

Thanks to the example provided on this forum I was able to rewrite as a switch statement and implement a stoplimit as well as a trailing stop.

Uses:
SetStopLoss() function as the vehicle for both the stop limit and the trailing stop.
SetProfitTarget() function for profit target.

Cheers
Chris Long

7-8-2020 Changed from CalculateOnBarClose = true to CalculateOnBarClose = false and set Trace Orders to false

Created By alcamie
NinjaTrader Version 7
File Size 2.5 KB
Create Date 07/13/2010
# of Downloads 1162

Importing to NinjaTrader 7 is Easy!

To import your 3rd party app or add-on to NinjaTrader, simply follow these 3 steps:

  1. Download the app or add-on file to your desktop
  2. From the NinjaTrader Control Center window, select the menu File > Utilities > Import NinjaScript
  3. Select the downloaded file from your desktop

Questions?

Visit the NinjaScript File Sharing discussion in the NinjaTrader user forum to interact with fellow traders and the NinjaTrader support team.