This option determines the price the order will be placed at, when the order is first executed.
Entry orders:  This determines the price for a Limit or Stop entry order. This is disabled for Market orders.
Profit Target:  This determines how far from the entry price, or at what price, via an indicator, the profit target is placed.
Stop-loss:  This determines how far from the entry price, or at what price, via an indicator,  the stop-loss is placed.

This is only available for entry orders.  Currently this option does not apply to Dynamic Planning, but will in the future.

This option serves two primary functions.  #1  It provides an easy way to scale-in additional contracts by using the Trade Signal Trigger option for automated trading.  #2 It provides a way to attach a triggering condition to the entry order.  If the condition is met/true the entry order is submitted immediately.  If the condition is not yet met, the order is placed in a pending state until the condition is met.  Once the trigger condition is fulfilled, the entry order is submitted to the market.  You will probably want to use the Cancel After option in conjunction with this option to cancel pending orders.  Otherwise a pending entry order will remain in a pending state until the trade direction is reversed.
E.G.  This option makes it easy to apply an indicator filter (a MACD filter for example) to your trade signals or discretionary trading.  Using the Indicator Value option provides a way to allow long trades only when the MACD is above the zero line, and short trades only when the MACD is below the zero line.  If a long trade signal occurs and the MACD is above zero then the entry order is submitted immediately.  However, if the MACD is below zero then the long order is  placed in a pending state and will remain pending until either, the MACD crosses above zero at which time the order is submitted to the market, or a short trade signal occurs first which cancels the pending long order and the short order is submitted immediately.

These trigger conditions are also used in Trailing Rules.  Please keep that in mind when you read the Trigger On section below for detailed information on each of the trigger conditions.

This is only available for Limit and Stop entry orders.
When enabled, this option provides various ways to cancel a Working entry order if it is not filled.  A pending order can not be canceled, unless it becomes a working order first. Pending orders are created when using the Placement Delay and/or Placement Trigger options.
Note:  This function is disabled when Order Monitor panel » Auto Trailing is turned Off.  This option uses the infrastructure of the Trailing Actions » Trailing Rule components » Delay and Action options to cancel orders.

This is only available for entry orders.
This option provides various ways to include a delay before the entry order is submitted.  The delay starts when the trade signal occurs or when one of the Trade Controls buttons is pressed.

Bars:   The entry order submission must wait until this many bars has passed, and then the entry order can be submitted.

Seconds:   The entry order submission must wait until this many seconds has passed, and then the entry order can be submitted.

Ticks (in direction):  The entry order submission must wait until the market has moved this many ticks in the direction of the trade, and then the entry order can be submitted.
E.G.  Assuming this option is set to 10.  If a long trade signal occurs, the entry order will wait until the market moves 10 ticks higher(10 tick continuation) from the market price where the long trade signal occurred.

Ticks (against direction):   The entry order submission must wait until the market has moved this many ticks in the opposite direction of the trade, and then the entry order can be submitted.
E.G.  Assuming this option is set to 15.  If a long trade signal occurs, the entry order will wait until the market moves 15 ticks lower(15 tick pull-back) from the market price where the long trade signal occurred.

This is only available for Limit and Stop entry orders.
When enabled, this option provides various ways to cancel a Working entry order if it is not filled.  A pending order can not be canceled, unless it becomes a working order first. Pending orders are created when using the Placement Delay and/or Placement Trigger options.
Note:  This function is disabled when Order Monitor panel » Auto Trailing is turned Off.  This option uses the infrastructure of the Trailing Actions » Trailing Rule components » Delay and Action options to cancel orders.

The Mode determines how trailing rules operate.

No Movement:  This is the default setting.  Trailing Rules are disabled, except for Actions that Cancel Orders.
I.E.  If trailing rules are created, and then turned off by setting Mode to No Movement, any trailing rule that has an Action set to Cancel Order will always be executed.  This is because on the Option tab the Cancel After setting creates a trailing rule that uses the Delay option and Action » Cancel Order command.  See Order Options tab » Cancel After for more info.

Custom:  This option enables custom Trailing Rules to be created and used.

Standard Trailing:  This option enables a simple fixed offset stop-loss trailing.  The fixed offset distance is determined by the Options tab » Initial Placement setting.  The initial stop-loss distance to the entry price is the fixed trailing distance.  Custom trailing rules can not be used.  This option is only available for stop-loss orders.

None:  A trigger event is not required.  When set to None the rule will wait until the Initial Delay is over and then the trailing rule will execute.

BloodHound Signal:  This trigger type uses a BloodHound signal to trigger the trailing rule.  This options is very powerful, because you can use advance Bloodhound logic to trigger order movements. †
You must own BloodHound for this option to work correctly.

Interval:  This option provides various ways to add simple delays as a trigger.

Indicator Value:  This trigger type looks for an indicator value to trigger the trailing rule. †

Order Status Changed: This trigger type looks for an order, from another OCO set, to change and then triggers the trailing rule.

Price vs Indicator:  This trigger type checks if price, or an indicator, is above or below an indicator to trigger the trailing rule. †

Profit or Loss:  This trigger type waits for a certain profit or loss amount (similar to the Initial Delay options)  to trigger the trailing rule.

Trade Signal Trigger: This option monitors the trade signals, from the Trade Signal section, as the triggering event that executes the trailing rule. †

This tab allows multiple trigger conditions to be combined together.  The order of which conditions should occur first or last is determined by the Mode.

Mode:  The Mode determines how multiple trigger conditions are combined.  If only one trigger condition is used, then the Mode has no effect, and you should switch to the simpler Basic tab.
All (simultaneously) requires all trigger conditions to occur at the same time (all on the same bar).
All (in any order) requires all trigger conditions to occur, but they can occur at different times (occur on different bars).
Any is the most flexible option.  Only one trigger conditions needs to occur.  Whichever one of the triggers occurs first is all that's needed.
All (in sequence) requires all trigger conditions to occur in the order they are listed, from top to bottom.  The trigger on top must occur first.  The second trigger from the top must occur second. The third trigger from the top must occur third, etc.  The triggers can be dragged up or down to change the order.

Post to Alerts Window:  Please see the Alerts » Alerts type section for more information.

Log Message: Please see the Alerts » Alerts type section for more information.

Chart Symbol:  Please see the Alerts » Alerts type section for more information.

Chart Message:  Please see the Alerts » Alerts type section for more information.

Play Sound:  Please see the Alerts » Alerts type section for more information.

Send Email:  Please see the Alerts » Alerts type section for more information.

Flatten Position:  This action flattens the entire position/trade.  Not the individual order set.  To flatten an individual order set, either move the profit target or stop-loss to the Last price.  Last price is where the market is currently trading at.

Freeze Order:  This action will lock/freeze the order in place for the remainder of the trade.  Once an order is frozen it can not be unfrozen, and it can not be moved by any other trailing rule.

Move Order To:  This action moves the order to the specified location.  This is the most commonly used action.  Typical uses include; trailing or tightening a stop-loss as profits increase, moving a profit target in when momentum slows, or moving an entry order closer to the market price when it is not filled.  For more detailed information see Action » Move Order To section below.

Cancel Order:  This action will cancel/remove the order.  A canceled order can not be replaced during the remainder of the trade.  Canceling a stop-loss will not cancel the profit target associated with it, and canceling a profit target will not cancel the stop-loss associated with it.  This option is more practical for canceling an entry order that has not been filled when the market has moved on.  Note:  This does Not flatten or close out the position.

No Repeat:  This option allows the rule to only execute once.  This would be useful for moving a stop-loss to break-even once a certain profit is achieved, or when using the Flatten Position Action.

Repeat X times:  This option sets a limited number of times the trailing rule can be executed.  See the section below for more information.

Repeat Indefinitely:  This option will execute the rule indefinitely.  Keep in mind, the Trigger On condition(s), if used, must trigger first.

Repeat Until:  This option will execute the rule until a user defined condition occurs.  The conditions are the same conditions used in the Trigger On column.  See the section below for more information.

The rule will keep executing until this condition has occurred.  These conditions are the same as the Trigger On events.  See the Trigger On documentation above.  Use the Repeat Until option to disable a rule after a certain condition.

Use this option to set how often the trailing rule can repeat.

E.G.  If you want the rule to execute on every tick movement of the market then set to 1 Tick.

If you want the rule to only execute once per bar then set to 1 Bar.  This setting does operate as intended when the strategy's Calculate property is set to 'On Price Change' or 'On Each Tick'.

If you want to limit the rule to only execute once every 5 minutes then set to 5 Minutes.

Available units are; Ticks, Points, Currency, Bars, Seconds, Minutes, and Days.

Signal In Same Direction:  When in a long trade, only a long signal will execute the rule.  When in a short trade, only a short signal will execute the rule.

Signal In Opposite Direction:  When in a long trade, only a short signal will execute the rule.  When in a short trade, only a long signal will execute the rule.

Signal In Either Direction:  A signal in any direction (long or short signal) will execute the rule.

Signal In Both Direction:  There must be a long & short signal, on the same bare, to execute the rule.

No Signal In Same Direction:  When in a long trade, the absence of a long signal will execute the rule.  When in a short trade, the absence of a short signal will execute the rule.

No Signal In Opposite Direction:  When in a long trade, the absence of a short signal will execute the rule.  When in a short trade, the absence of a long signal will execute the rule.

This option simply waits for the selected number of bars to close, and the delay ends.

This option simply waits for the selected time period (Seconds, Minutes, or Days) has passed, and the delay ends.

This option identifies when price has moved a certain distance in either Ticks, Points, or Currency.  The numeric value, on the right, sets the distance the market must move for this trigger to occur(become true).  Because this is evaluating price movement, the number of contracts traded has no effect on this calculation.

T/P/C is either Ticks, Points, or Currency.

Ticks - The price movement is measured directly in ticks.
Points - The price movement is measured in points.
Currency - The price movement is measured in the instrument's currency value per tick.  e.g.  A $100 move on the ES is 2 points.  On the NQ, $100 is 5 points.  On the YM, $100 is 20 points.  Note:  The number of contracts traded has no effect on this calculation.  The Profit or Loss trigger does consider the total number of contracts.

T/P/C  Movement(profit):  Profit waits until the market has moved the selected amount of profit, and then this trigger condition has occurred.
e.g.  A typical use would be to wait for 10 ticks of profit before moving the stop-loss to breakeven.  Or, if price moves 20 ticks away, and the trade is missed, then cancel the entry order.

T/P/C  Movement(loss):  Loss waits until the market has moved to the selected loss amount, and then this trigger condition has occurred.

T/P/C  Movement(either profit or loss):  This option monitors whether price has moved in either direction (up or down) by the selected amount, and then this trigger has occurred.

Examples:
#1.  [Currency Movement (profit)     100]  This option will identify when the market moves $100 in a profitable direction.  $100 is per the instrument cash value per tick.  If BlackBird is running on the ES futures instrument, then price must move 2 points.  2 ES points = $100.  If BlackBird is running on a stock instrument, then price must move 100 points.  100 stock points = $100.
#2.  [Points Movement (loss)     5]  This option will identify when the market moves 5 points in a losing direction.  This might be used as the condition to submit a market entry order (to cost average down), instead of placing a resting limit entry order.

This determines how the interval(s) is evaluated.  The trigger becomes true , after an interval has occurred, or within/before the interval has occurred.
e.g.  After means the trigger becomes true after the Interval condition has passed.  Within is the opposite of After.  The trigger starts as true while the Interval condition has not yet passed, and then switches to false after the condition has occurred.

After Shortest Interval:  The interval is triggered when any of the intervals has occurred/finished.  Whichever interval ends first.

After Longest Interval:  This requires all enabled intervals to have finished, and then the interval is triggered.

Within Longest Interval:  The interval is immediately triggered and remains triggered/true until all of the intervals has occurred/finished. Once all of the intervals occur the interval switches from triggered/true to untriggered/false.  This is the opposite of After Longest Interval.

Within Shortest Interval:  The interval is immediately triggered and remains triggered/true until any of the intervals has occurred/finished.  Once any of the intervals occur the interval switches from triggered/true to untriggered/false.  This is the opposite of After Shortest Interval.

Select the order to be monitored.  This will show a list of all the other orders (Entry, Profit, & Stop-loss orders) that can be monitored for a change to its status.  See the Mode section below for a list of state changes.

How to read the list of orders.
The first letter (A->, B->, C->) refers to the Order Set letter (i.e. Order Set A, Order Set B, etc.).  The remainder is the order name.

Placed:  This option recognizes when the order is submitted to NinjaTrader/broker.  This is primarily relevant for monitoring entry orders that are delayed for scaling in.

All Filled:  This option requires all the contracts be filled before this trigger condition is true.

Any Filled:  This option requires only 1 contract be filled before this trigger condition is true.

Cancelled:  This option requires the order to be canceled before this trigger condition is true.
E.G.  If the profit target is filled, then the stop-loss is canceled.  Also, this can be used to check if an entry order has been canceled.

Click the [▼] dropdown button to open the Select Input window.  This reveals the option to select price or an indicator.
See the Select Input window section below for more information on using price or an indicator.

Click the [▼] dropdown button to open the Select Input window.  This reveals the option to select price or an indicator.
See the Select Input window section below for more information on using price or an indicator.

This determines the formula used to compare the value of Input A against Input B, to trigger the rule for a long trade.  Click the [▼] dropdown button to open the menu.

A Above B:  The value of Input A must be above/greater then Input B, to trigger the rule for a long trade.

A Equal or Above B:  The value of Input A must be equal or above/greater then Input B, to trigger the rule for a long trade.

A Equal or Below B:  The value of Input A must be equal or below/less then Input B, to trigger the rule for a long trade.

A Below B:  The value of Input A must be below/less then Input B, to trigger the rule for a long trade.

This determines the formula used to compare the value of Input A against Input B, to trigger the rule for a short trade.  Click the [▼] dropdown button to open the menu.

A Above B:  The value of Input A must be above/greater then Input B, to trigger the rule for a short trade.

A Equal or Above B:  The value of Input A must be equal or above/greater then Input B, to trigger the rule for a short trade.

A Equal or Below B:  The value of Input A must be equal or below/less then Input B, to trigger the rule for a short trade.

A Below B:  The value of Input A must be below/less then Input B, to trigger the rule for a short trade.

Choose which type of measurement unit is used to calculate the profit or loss.

Ticks:  This option measures  the profit or loss in ticks.  In the Amount field, type in a number of ticks.

Points:  This option measures  the profit or loss in points.  In the Amount field, type in a number of points.

Currency:  This option measures  the profit or loss in a currency.  In the Amount field, type in the currency amount.

ATR:  This option measures  the profit or loss in ATR units.  In the Amount field, type in the number of ATR units.

Percent:  This option measures  the profit or loss in Percentage.  In the Amount field, type in 1 for 1%, not 0.01.  Click here to see the formula.

This setting will appear when Unit is set to ATR.  This sets the ATR period.

Type in the amount of profit or loss that you want to identify, which coincides with the Unit setting.

Min Amount:  This identifies when this amount or more has occurred.  It looks for at least this minimum amount of profit or loss to occur, or more.

Max Amount:  This identifies when this amount or less has occurred, which is very likely to be true immediately.  It looks for no more than this maximum amount of profit or loss to occur, or less.  This will most likely become true as soon as a position is opened.

This determines the trade signal direction that triggers this option.  Click the [▼] pull-down button to open the menu.

Either Direction:  Use trade signals from any direction (long or short).

In Same Direction:  Use trade signals only in the same direction of the trade.  E.G. If the trade is a long trade, then only use long trade signals as the trigger.

in Opposite Direction:  Use trade signals only in the opposite direction of the trade.  E.G. If the trade is a long trade, then only use short trade signals as the trigger.

Long Signals Only:  Only use long trade signals as the trigger, regardless of the trade direction.

Short Signals Only:  Only use short trade signals as the trigger, regardless of the trade direction.

Before this option begins to scale-in additional positions/contracts, a position (the initial position) must already be open.  To open an initial position leave Placement Trigger set to None.  This option only adds new positions/contracts to an existing position.  When scaling-in, terminology needs to be more precise.  The very first trade signal that opens a new position(the initial position) is called the initial signal.  Any signals afterwards used to scale-in more contracts are called the scale-in signals.  An entry order with Placement Trigger = None will execute on the initial signal.  This option will scale-in more orders on trade signals after the initial signal.
The value of this setting determines which scale-in signal is used to open an additional position.
i.e.  A value of 1 is the first scale-in trade signal, after a position in the same direction is already open.  A value of 2 is the second scale-in trade signal.
This option executes only once on the scale-in signal number specified in this option.  It will not execute again on trade signals that occur afterwards.

Select Mode options:

Price:  This option moves the order to any bar price.

Indicator Value:  This option moves the order to an indicator value.

Swing Point Prices:  This option moves the order to a Swing Point price, as calculated by SiSwingsHighsLows indicator.

Linear Regression Channel:  This option moves the order to one of the Linear Regression channel lines.

For more detailed information on these options see the Select Input window section below.  All of these options include an Offset function to add or subtract an offset distance.

This option can restrict the direction an order can move.  Keep in mind there are other factors that restrict the direction an order can move.  e.g.  Stop-loss orders can only move in the direction of the trade.  For long trades, stop-loss orders can only move up.  Also, the Trailing Actions » Evaluate Using option may indirectly limit an order's movement.

Both Directions:  This can be helpful for entry or profit target orders.
e.g.  If you set up a Limit entry order to follow/trail a moving average, you many want to allow the Limit order to move up and down exactly with the moving average.

With Direction Only:  This allows the order to only move up in a long trade, or only down in a short trade.  This is the standard behavior of stop-losses.
e.g.  If you set up an entry order to follow an indicator, this would allow Long entry orders to only move upward, never downward, so that the Long entry order is always moving up and closer to the market.

Against Direction Only:  This allows the order to only move down in a long trade, or only up in a short trade.

This sets the frequency of how often a trailing rule is evaluated and calculated, and thus how often it can execute.

e.g.  If you want the rule to execute on every tick movement of the market then set to 1 Tick.  The standard trailing stop-loss needs to be evaluated on every tick of price movement to ensure the stop-loss is trailing/moving higher every time the market moves a tick higher.

If you want the rule to only execute once per bar then set to 1 Bar.  A trailing stop-loss that follows the SuperTrend or ATRTrailingStoploss indicator only needs to be evaluated once per bar, because the indicator only updates when the bar closes.
This setting does operate as intended when the strategy's Calculate property is set to 'On Price Change' or 'On Each Tick'.

If you want to limit the rule to only execute once every 5 minutes then set to 5 Minutes.

Available units are; Ticks, Points, Currency, Bars, Seconds, Minutes, and Days.

Tip:  Set the frequency to what is appropriate for the trailing rule's needs to conserve CPU calculations during times of extreme market volatility.

This sets the frequency of how often a trailing rule is evaluated and calculated, and thus how often it can execute.

e.g.  If you want the rule to execute on every tick movement of the market then set to 1 Tick.  The standard trailing stop-loss needs to be evaluated on every tick of price movement to ensure the stop-loss is trailing/moving higher every time the market moves a tick higher.

If you want the rule to only execute once per bar then set to 1 Bar.  A trailing stop-loss that follows the SuperTrend or ATRTrailingStoploss indicator only needs to be evaluated once per bar, because the indicator only updates when the bar closes.
This setting does operate as intended when the strategy's Calculate property is set to 'On Price Change' or 'On Each Tick'.

If you want to limit the rule to only execute once every 5 minutes then set to 5 Minutes.

Available units are; Ticks, Points, Currency, Bars, Seconds, Minutes, and Days.

Tip:  Set the frequency to what is appropriate for the trailing rule's needs to conserve CPU calculations during times of extreme market volatility.

This sets the frequency of how often a trailing rule is evaluated and calculated, and thus how often it can execute.

e.g.  If you want the rule to execute on every tick movement of the market then set to 1 Tick.  The standard trailing stop-loss needs to be evaluated on every tick of price movement to ensure the stop-loss is trailing/moving higher every time the market moves a tick higher.

If you want the rule to only execute once per bar then set to 1 Bar.  A trailing stop-loss that follows the SuperTrend or ATRTrailingStoploss indicator only needs to be evaluated once per bar, because the indicator only updates when the bar closes.
This setting does operate as intended when the strategy's Calculate property is set to 'On Price Change' or 'On Each Tick'.

If you want to limit the rule to only execute once every 5 minutes then set to 5 Minutes.

Available units are; Ticks, Points, Currency, Bars, Seconds, Minutes, and Days.

Tip:  Set the frequency to what is appropriate for the trailing rule's needs to conserve CPU calculations during times of extreme market volatility.

Select which price (Open, High, Low, Close, etc) to place/move the order to.  All prices come from or calculated by NinjaTrader, except the Custom Prices.
An additional offset distance can be applied to the selected bar price via the Offset section.  See Offset section at bottom of page.

Average Entry Price:  This is the average entry price of all filled entry orders, as provided by NinjaTradeer.
OCO Entry Price:  This is the average filled entry order price for that Order Set only.  For more information on what is an Order Set is please see the first paragraph above on this page.

Last†, Bid†, Ask†

Custom Prices
Order Price:  This references the order's current price.  If this price is being used in a Stop-loss > Trailing Action window then it is referring to the stop-loss's current price.  If  used in a Profit Target > Trailing Action window then it is referring to the profit target's price.
E.G.  If you want to move a stop-loss +5 ticks from it's current location, then set Long Trades to Order Price and set Offset » Long Ticks to 5.  If the current stop-loss price = 22,600 (on the YM futures), then the new stop-loss price would be 22,600 + 5 = 22,605.

Body Top:  Regardless of the bar direction, this returns the higher price of the candlestick body. Either the close or open price. Whichever is the top. e.g. For an up bar, the Body High equals the close price.
Body Median:  This returns the median price of the candlestick body. The formula is (Close + Open) ÷ 2.
Body Bottom:  Regardless of the bar direction, this returns the lower price of the candlestick body. Either the close or open price. Whichever is the bottom. e.g. For an up bar, the Body Low equals the open price.

Select how to process the price data in the Lookback Period.

Single Value:  This returns the price from a historical bar referenced by the Lookback Period.  No data processing is done.  This makes the Lookback Period behave similar to the Bars Ago parameter.

Average Values:  This mode returns the average of the Price Type Long prices within the Lookback Period.

Max Values:  This mode returns the highest selected price within the Lookback Period.  It searches the Lookback Period historical bars and returns the highest value found.  I.E. This is used when you want to use the highest High price of the previous 10 bars by setting Price Type Long = High and Lookback Period = 10.

Min Values:  This mode returns the lowest selected price within the Lookback Period.  It searches the Lookback Period historical bars and returns the lowest value found.  I.E. This is used when you want to use the lowest High price of the previous 10 bars by setting Price Type Long = High and Lookback Period = 10.

Click the Configure button to select the indicator, set its parameters, and select the indicator’s plot to use.

These setting are fixed offset distances in ticks.

Long Ticks:  This is the distance for long positions.

Short Ticks:  This is the distance for short positions.

This option uses an indicator value for the offset distance.  The indicator must output a value in points,
To load an indicator, click the [···] button to open the Select Indicator window.

1. Select the indicator and add it.
2. Setup the indicator’s parameters correctly.
3. Then, select the Plot that outputs the offset distance.

e.g.  The ATR indicator is most commonly used in the Offset section, because it calculates volatility in points.  The ATR output is a point value, not a price value.

This applies a multiplying factor to the value of the Indicator.  Such as the ATR indicator.

Long Factor:  This setting applies to long positions.  Typically a positive value is used for profit targets, and a negative value is used for stop-losses.

Short Factor:  This setting applies to short positions.  Typically a negative value is used for profit targets, and a positive value is used for stop-losses.

e.g. #1:  This is how a 2 ATR profit target is calculated.  For a long trade; the Long Factor is set to 2, and if the ATR value is 0.15, then the long offset value that is calculate is 2 × 0.15 = 0.30.  0.30 is then added, as an offset value, to the OCO Entry Price (as set in the upper section of the menu).   For a short trade; the Short Factor is set to -2, and if the ATR value is 0.11, then the short offset value that is calculate is -2 × 0.15 = -0.30.  -0.30 is then added (which is actually subtracted due to the negative sign), as an offset value, to the OCO Entry Price (as set in the upper section of the menu).
e.g. #2:  Assuming the ATR indicator is replaced with the MACD.  If the Long Factor is set to 1.5, and the MACD plot has a value of 0.55, then the long offset value that is calculate is 1.5 × 0.55 = 0.825.  0.825 is then added, as an offset value, to the price calculated in the upper section of the menu.  If the Short Factor is set to -2, and the MACD plot has a value of 0.55, then the short offset value that is calculate is -2 × 0.55 = -1.1.  -1.1 is then added(which is actually subtracted due to the negative sign), as an offset value, to the price calculated in the upper section of the menu.