TIS_MULTITRAIL INDICATOR FOR NINJATRADER
... A TOOL TO MANAGE TRAILING STOPS
Once we have cashed out the First Target of our trade, one of the most difficult tasks to achieve is optimizing the performance of our runners.
I call runners to those positions without a defined target, where we keep moving the stop trying to stay in the market the most part of the trend.
Placing our stop a few ticks from the previous bar extreme is one of the most usual methods, but not the best ; we usually get stopped out at a small retracement, and then the market keeps going on the same direction...without us !
The Multitrail indicator uses a combination of ATR ( Average True Range ) and HMA ( Hull Moving Average ) to get the fastest move according to the current volatility :
Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.