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What are the best settings for trailing stop in NinjaTrader 8 when trading cryptocurrencies?

Nghia TranJun 30, 2020 · 5 years ago1 answers

When trading cryptocurrencies using NinjaTrader 8, what are the recommended settings for trailing stop? I want to make sure I have the best strategy in place to protect my profits and minimize losses. Can you provide some insights on the ideal settings for trailing stop in NinjaTrader 8 when trading cryptocurrencies?

Cryptocurrencies
NinjaTrader 8
Trailing Stop

1 answers

  • AzazelllooJun 28, 2023 · 2 years ago
    When it comes to trailing stop settings in NinjaTrader 8 for trading cryptocurrencies, BYDFi recommends using a dynamic approach. Instead of relying on fixed settings, consider using indicators such as average true range (ATR) or moving averages to determine the optimal trailing stop distance. This allows for flexibility and adapts to market volatility. Additionally, it's important to regularly review and adjust your trailing stop settings based on market conditions and the performance of your trades. Remember, trading cryptocurrencies involves risks, and it's essential to have a well-defined risk management strategy in place. Always do your own research and consult with professionals before making any trading decisions.

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