Pullback trading strategy help

[mikethelen]

Hello,
I'm new to programming.
I'm attempting to develop a strategy that sends signals on trend pullbacks.
My main logic is that i can buy or sell on the first and second pullback of the trend, but stay out on the 3rd and wait for a new trend.
I want to add the following to my code:

If pullback is detected based on my code. count it as 1 and trade
if pullback 2 is detected. trade
if pullback 3 is detected. return to the beginning.

Can someone help?

Thank you

[NinjaTrader_Jesse]

Hello,

Thank you for the post.

Could you tell me, are you trying to make this using the strategy builder or with manual coding? I could provide better details knowing how you will be creating the script.

I look forward to being of further assistance.

[mikethelen]

Hello,

I am attempting to do this with manual coding.
I already have the code for identifying a possible pullback.
I just need that block of code to be recognized and identified as pullback one, two, three, etc.

Thank You

[NinjaTrader_Jesse]

Hello,

Thank you for the details.

If you already have the conditions for the pullbacks, the majority of the work would be out of the way.

I just need that block of code to be recognized and identified as pullback one, two, three, etc.

Are you saying that you have the pullback detection but now need to count each time this happens, and if it does happen, depending on the count do a specific action?



I look forward to being of further assistance.

[mikethelen]

yes, that is correct

[NinjaTrader_Jesse]

Hello,

Thank you for confirming.

In the current logic you have, you could implement a counter and a reset to return to the beginning. In the detection logic where you reach the conclusion that this may be a pullback, you could increment a variable:

private int trackingVariable = 0;

protected override void OnBarUpdate()
{
//logic for detection
    if(some condition)  // is a pullback
    {
        trackingVariable++;
        if(trackingVariable == 3) trackingVariable = 0;
        if(trackingVariable == 1)
        {

        } 
        else if(trackingVariable == 2)
        {

        }
    }
}

This kind of logic would just increment a int variable when detected, if the int equals 3, it is reset to 0. After the increment/reset a condition is used to check if the pullback was 1 or 2, 3 is not reached because it resets to 0.

I look forward to being of further assistance.

[mikethelen]

Thank you so much for your prompt assistance.