Limit order exectution

[gerald560]

is there a quick and dirty way to do this?

the previous bar is down... current bar closes up
place limit order to buy at the close of the car - 2 ticks... same for the short side

OR

since im using range bars i know where a up bar will be so i can do it like this

place limit order once a level is hit (level - 2 ticks)

Thank you

[NinjaTrader_AlanP]

Hello gerald560,

Thank you for your note.

Yes, this would be possible. You could use the strategy builder, to pull this up go to Control Center>New>Strategy Builder.

You would define the previous bar being a down bar like I’ve done in screen shot 1. You would then need to build another statement which would define the current bar being an up bar (higher than the previous bar).

For the action, you’d use Order Management>Enter long position by limit order> Limit price you’d set to close and use a tick offset of -2, like the second screen shot I’ve provided. This will submit a limit market order 2 ticks below the current bars close.

I would suggest watching the strategy builder webinar for NT7, which works very much like NT8, for getting familiar with building strategies using a wizard in NinjaTrader.

Youtube: https://www.youtube.com/watch?v=FmBi...D7105&index=10

Also see NT8 Strategy builder helpguide,
NT8 Helpguide: http://ninjatrader.com/support/helpG...on_builder.htm

Regarding your price level question. Yes, you could build a condition which checks if the current price equals your level, and if so submit a limit order 2 ticks from that level. For this, you’d create a variable on the Inputs and Variables prompt, see screen shot. Then within your condition you’d check if price was equal to that level.

Please let us know if you need further assistance.

[gerald560]

That worked great Alan thank you...One more question, when a trade is triggered a limit order is placed however if another bar comes through that order gets canceled ... how can I make it so that the order does not get canceled until I cancel it?

Current Code

#region Using declarations
using System;
using System.Collections.Generic;
using System.ComponentModel;
using System.ComponentModel.DataAnnotations;
using System.Linq;
using System.Text;
using System.Threading.Tasks;
using System.Windows;
using System.Windows.Input;
using System.Windows.Media;
using System.Xml.Serialization;
using NinjaTrader.Cbi;
using NinjaTrader.Gui;
using NinjaTrader.Gui.Chart;
using NinjaTrader.Gui.SuperDom;
using NinjaTrader.Gui.Tools;
using NinjaTrader.Data;
using NinjaTrader.NinjaScript;
using NinjaTrader.Core.FloatingPoint;
using NinjaTrader.NinjaScript.Indicators;
using NinjaTrader.NinjaScript.DrawingTools;
#endregion

//This namespace holds Strategies in this folder and is required. Do not change it. 
namespace NinjaTrader.NinjaScript.Strategies
{
	public class MyCustomStrategy1 : Strategy
	{
		protected override void OnStateChange()
		{
			if (State == State.SetDefaults)
			{
				Description									= @"Enter the description for your new custom Strategy here.";
				Name										= "MyCustomStrategy1";
				Calculate									= Calculate.OnBarClose;
				EntriesPerDirection							= 1;
				EntryHandling								= EntryHandling.AllEntries;
				IsExitOnSessionCloseStrategy				= true;
				ExitOnSessionCloseSeconds					= 30;
				IsFillLimitOnTouch							= false;
				MaximumBarsLookBack							= MaximumBarsLookBack.TwoHundredFiftySix;
				OrderFillResolution							= OrderFillResolution.Standard;
				Slippage									= 0;
				StartBehavior								= StartBehavior.WaitUntilFlat;
				TimeInForce									= TimeInForce.Gtc;
				TraceOrders									= false;
				RealtimeErrorHandling						= RealtimeErrorHandling.StopCancelClose;
				StopTargetHandling							= StopTargetHandling.PerEntryExecution;
				BarsRequiredToTrade							= 20;
				// Disable this property for performance gains in Strategy Analyzer optimizations
				// See the Help Guide for additional information
				IsInstantiatedOnEachOptimizationIteration	= true;
			}
			else if (State == State.Configure)
			{
				SetProfitTarget("order1", CalculationMode.Ticks, 20);
				SetProfitTarget("order2", CalculationMode.Ticks, 60);
				SetStopLoss("order1", CalculationMode.Ticks, 11, false);
				SetStopLoss("order2", CalculationMode.Ticks, 11, false);
			}
		}

		protected override void OnBarUpdate()
		{
			if (CurrentBars[0] < 2)
			return;

			 // Set
			if ((Close[2] > Close[1])
				 && (Close[0] > Close[1]))
			{
				EnterLongLimit(Convert.ToInt32(DefaultQuantity), (Close[0] + (-1 * TickSize)) , "order1");
				EnterLongLimit(Convert.ToInt32(DefaultQuantity), (Close[0] + (-1 * TickSize)) , "order2");
			}
			
		}
	}
}

:

[NinjaTrader_AlanP]

Hello gerald560,

You would want to use the following syntax, setting isLiveUntilCanclled to true.

EnterLongLimit(int barsInProgressIndex, bool isLiveUntilCancelled, int quantity, double limitPrice, string signalName)

So for example,

EnterLongLimit(0, true, 1, (Close[0] + (-1 * TickSize)), "order1”)

See EnterLongLimit section of our helpguide,

http://ninjatrader.com/support/helpGuides/nt8/en-us/?enterlonglimit.htm

Please let us know if you need further assistance.

[gerald560]

Hi Alan,

Thank you for helping, one more condition - I want it to only to take long trades when there has been 3 up days (daily bars RTH) followed by 1 down day (currently using intra day bars so need a daily time frame to access it) ... wondering how to do that in this intra day strategy?

[NinjaTrader_AlanP]

Hello gerald560,

I would suggest the following reference example,

Strategy: Entering on one time frame and exiting on another.

http://ninjatrader.com/support/forum/showthread.php?t=5787

You would add the following under State.Configure for a daily series.

AddDataSeries(BarsPeriodType.Day, 1);

And refer to that secondary data series with Closes[1][0] for the current bar of the secondary data series. Also Opens[1][0] for the open of the secondary bar series.

Please let us know if you need further assistance.