Parameters EOD Exit

[bppayne]

I have my EODExit set to 155500 (3:55PM), but the backtest results show the exit as 4:00 PM.

a) how can I make sure I am out at 3:55 when I go live? (is my strategy set up correctly?)

b) does Ninja use my computers clock for the time, or my brokers time to execute the close?

thanks,

Bruce (newbie at automated trading)

[NinjaTrader_Josh]

a. You likely submitted your trade at 3:55. In backtesting, a submission on a closed bar can only be executed at the open of the next bar which means 4:00 if you are on 5min charts. In real-time if you use CalculateOnBarClose = false then it will submit it at the next tick which will be ~3:55.

b. It uses your chart's timestamps. Whether this is locally timestamped or natively done by your brokerage depends on which brokerage you are using.

[bppayne]

Originally Posted by NinjaTrader_Josh

a. You likely submitted your trade at 3:55. In backtesting, a submission on a closed bar can only be executed at the open of the next bar which means 4:00 if you are on 5min charts. In real-time if you use CalculateOnBarClose = false then it will submit it at the next tick which will be ~3:55.

b. It uses your chart's timestamps. Whether this is locally timestamped or natively done by your brokerage depends on which brokerage you are using.

Thanks Josh;
I am using 15 minute bars; so what do I need to do to close at 3:55?
My broker is TDAmeritrade; their rep said the time is based on their system; not sure he knows what he's talking about... can you confirm? thanks

[NinjaTrader_Josh]

TDA bars are timestamped locally by your PC clock in NinjaTrader.

In backtesting you likely do not have the granularity for a 3:55 exit. In real-time you just want to run with CalcualteOnBarClose = false and then you can place the exit when your PC clock says 3:55.