Hello!
I'm rather new to Ninja Trader. I'd like to semi-automate a strategy that I use. Can the following be done with Ninjascript? I think it can handle all of it, with the exception of possibly step 2/3.
1) First, I'll identify when the setup occurs. This will happen manually.
2) I'd like to have a tool, exactly like the fibonacci chart tool, to stretch between a high and low (manually done too).
3) If I feel the pattern is developing correctly and everything is falling in place-- I hit either a Long or Short button and the script grabs the fibo-like-tool % values and properly puts in limit buys (in a long example) at those prices.
4) Depending on the conditions, there may be 3 or 4 limit buy orders (all with a different number of contracts) placed at various % values of that fibo-like tool that I stretch on the chart in step #2. I'm trading futures and the number of contracts and the % (of the fibo high/low) value that they are placed at are always the same.
5) As the prices pull back and the limit-buys start to fill, it may only get 1, or maybe it gets all 4. Depending on how far it pulls back.
The rest of it is pretty routine and I'd imagine Ninjascript can easily do it. I.e. If 1 contract is entered, the exit is at X price, if 2 contracts are entered, the exits are X and Y. Stops are placed too, etc, etc.
The trick, and what I'm wondering if it is possible. Can a fibo-like tool be made that automates the process after I hit the Long or Short button in step #3? At this point, Ninjascript would simply populate the order entries and manage the stops/exits.
I'm currently doing this manually with the fibo tool. It isn't a real big deal. Only in fast markets, I can miss trades or takes me to long to sort out what gets sold at what price. It would be ideal if this is done automatically so I can just sit there and make sure the setup is right and automate the buying/selling without intervention.
Additionally, perhaps I'd like a "break even" option. So I can tell the script to exit all positions at break even if the conditions calls for it.
Thank you,
Rick
I'm rather new to Ninja Trader. I'd like to semi-automate a strategy that I use. Can the following be done with Ninjascript? I think it can handle all of it, with the exception of possibly step 2/3.
1) First, I'll identify when the setup occurs. This will happen manually.
2) I'd like to have a tool, exactly like the fibonacci chart tool, to stretch between a high and low (manually done too).
3) If I feel the pattern is developing correctly and everything is falling in place-- I hit either a Long or Short button and the script grabs the fibo-like-tool % values and properly puts in limit buys (in a long example) at those prices.
4) Depending on the conditions, there may be 3 or 4 limit buy orders (all with a different number of contracts) placed at various % values of that fibo-like tool that I stretch on the chart in step #2. I'm trading futures and the number of contracts and the % (of the fibo high/low) value that they are placed at are always the same.
5) As the prices pull back and the limit-buys start to fill, it may only get 1, or maybe it gets all 4. Depending on how far it pulls back.
The rest of it is pretty routine and I'd imagine Ninjascript can easily do it. I.e. If 1 contract is entered, the exit is at X price, if 2 contracts are entered, the exits are X and Y. Stops are placed too, etc, etc.
The trick, and what I'm wondering if it is possible. Can a fibo-like tool be made that automates the process after I hit the Long or Short button in step #3? At this point, Ninjascript would simply populate the order entries and manage the stops/exits.
I'm currently doing this manually with the fibo tool. It isn't a real big deal. Only in fast markets, I can miss trades or takes me to long to sort out what gets sold at what price. It would be ideal if this is done automatically so I can just sit there and make sure the setup is right and automate the buying/selling without intervention.
Additionally, perhaps I'd like a "break even" option. So I can tell the script to exit all positions at break even if the conditions calls for it.
Thank you,
Rick
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