Ninja Trader - Profit Target and Stop Loss
There are many ways to manage risk. For traders, a common approach is to set profit targets and stop losses. But given how volatile the markets can be, putting these rules in place without proper backtesting can often make your performance worse. For example, you might get whipped out too early in a trade if your stop loss is too tight. So in this video, let's see how we can use Ninja Trader to incorporate profit targets and stop loss in our backtests.
What is Profit Target?
What is Stop Loss?
What is Trailing Stop Loss?
Implementing in Ninja Trader
This video is a continuation of the previous video where I showed how one can create a Simple Moving Average (SMA) Crossover strategy in NinjaTrader. You can watch the video here if you miss it.
Disclaimer: This video is provided for informational purposes only. We are not affiliated with Ninja Trader. This video is not intended to be, nor shall it be construed as, financial advice, an offer, or a solicitation of an offer, to buy or sell an interest in any investments.
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