NinjaTrader Trailing Stop

We have built the best solution for a NinjaTrader trailing stop into our Enhanced Chart Trader product. The Advanced Exit Orders Management module for the Enhanced Chart Trader enables various types of trailing stops for the NinjaTrader platform. You can easily select any indicator plot and the stop loss will immediately begin trailing the stop loss orders. You can immediately start customizing your own NinjaTrader trailing stops using our Enhanced Chart Trader product!

What a trailing stop does

A trailing stop moves your stop loss along with price as a trade goes in your favor, and stays where it is when price moves against you. It locks in part of an open profit without you having to drag the stop by hand. NinjaTrader’s own ATM strategies include an Auto Trail stop strategy that moves the stop in fixed steps once the trade reaches a profit trigger. The Enhanced Chart Trader adds more ways to decide where the stop should follow.

Trailing stop types in the Enhanced Chart Trader

• Fixed Tick: the stop follows price at a set number of ticks.
• ATR: the distance follows the Average True Range times a multiplier, so it widens in fast markets and tightens in quiet ones.
• High / Low: the stop follows the high or low of a set number of bars back.
• Custom indicator stops: up to 10 custom trailing stops, each following an indicator plot on your chart, such as a moving average.

How to start trailing

1. Turn on Advanced Exit Orders Management and its trailing stop features in the Enhanced Chart Trader settings.
2. Open the Trailing Stop Loss section of the panel and pick a stop type from the dropdown. To add a custom indicator stop, choose “Manage custom stops” at the bottom of that dropdown.
3. Set the offset for the stop.
4. Click the switch at the top of the section so it reads “Trailing Stop On”. Nothing trails until it does.

Two settings are worth knowing about. “Modify toward last price only” lets the stop move in your favor only, never back. “Trailing Stop Disable On Move” turns the trail off automatically if you drag the stop yourself.

Does the stop keep trailing if NinjaTrader is closed?

The stop order itself sits with your broker, but the trailing is done by NinjaTrader on your computer. If NinjaTrader is closed or disconnected, the stop stays at its last price and stops moving until you are back. The same is true of NinjaTrader’s own ATM Auto Trail. If you rely on trailing stops, run NinjaTrader on a computer with a stable connection.

Sizing your position to the stop is the other half of managing risk: see NinjaTrader Position Sizing.