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

1 answers

• Nov 29, 2021 · 3 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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