Optimus Flow: Dynamic Trailing Stop in Bracket Order

[Stellar]

Hello,

I am new to Optimus Futures & Optimus Flow.

I would like to create a dynamic trailing stop like I’ve used in NinjaTrader in the past. Basically a OCO order with a SL and TP, but once the price has moved to a certain threshold in my direction the SL moves to breakeven with a 1 tick offset. Then once the prices hits another threshold the breakeven is converted into a trailing stop that updates every 4 ticks.

Breakdown:

1. OCO order; (Stop Loss @ 20 points & Take Profit @ 20 points)
2. Price moves + 10 points, Stop Loss is converted to break even + 1 tick
3. Price moves + 15 points, Stop Loss begins to trail price by 10 points and only updates every 4 ticks

Example:

1. Enter S&P 500 E-mini @ 7000; Stop Loss set to 6980, Take Profit set to 7020
2. Once market hits 7010; Stop Loss moved to 7000.25
3. Once market hits 7015; Stop Loss moves to 7005 and begins to trail. Every full point gained, the stop loss is moved up by 1 point.

Any help with this would be greatly appreciated.

Thank you!

[Mod-JakeM]

Hello @Stellar,

Thanks for your question, and welcome to the Optimus Futures community forum!

To start this process open the side order entry panel in the top right corner of your Optimus Flow Chart (if you don’t already see the side panel activated on your chart):

1. Once the side order panel has been opened, you first need to configure your initial stop loss and take profit offsets in the right-hand side of your chart or DOM:

TP = take profit
SL = stop loss

2. Then, individually click “NO SL” and “NO TP”, activate the switch in the window that opens, and then enter your take profit and stop loss offsets - these numbers should be entered by ticks (not points):

The SL and TP boxes should appear like this once they are properly activated, which then activates a server-side OCO bracket order:

3. Then, navigate to the “placing strategy” dropdown menu and select Advanced SL/TP:

4. Click the COG wheel to open advanced settings:

5. In the new window that opens, activate trailing stop:

If I understand your request correctly, you can use the “profit threshold” field to enter your desired profit (in ticks) that you would like your new trailing stop activated at.

Set the target to “certain offset” and then configure the “offset” field that you would like your new trailing stop to be activated and offset at.

I hope this series of steps helps you configure the dynamic trailing stop that you’re looking for on Optimus Flow. Please let us know if this meets your needs.

Best,
Optimus Futures Support