Enter on every Xth bar

[MasterSepp]

Hi

again I need your help. The problem is quite simple. I want to enter, let's say, every 5 minutes. Probably the position is already closed after 1 minute. But even if the entry conditions are filled, it should only enter every 5 minutes, no matter when the position was closed. Is there any command for this?

EDIT: I know, the BarsSinceEntry() command would work, but there isn't each 5 minutes a position. So it has to be independent from the last entry. So every 5 minutes shall the entry conditions be checked and opened a position if needed.

Thanks in advance,

Sepp

[NinjaTrader_JoshP]

Sepp,

You can count the CurrentBar's and as 5 bars go buy, check conditions, place trade, reset counter. Another 5 bars, place new order.

[MasterSepp]

Not quite understanding. How do I do this? Could you give me the code snippet?

Thanks in advance,

Sepp

[NinjaTrader_Bertrand]

Unfortunately I don't have a full sample for you, here's the basic concept to start -

if (your condition)
myCounter = CurrentBar;

if (CurrentBar - myCounter == 5)
EnterLong();

[MasterSepp]

But this would only work if the condition wouldn't be filled between the first and the second code - otherwise the counter would be increased by 1 and there wouldn't ever be 5 between.
Isn't there any possibility like:

If (ToTime(0) == ToTime(XX,5/10/15/...,XX)
buy;

So that it's really independent from the rest of the strategy. Just every 5 minutes will be checked, if the entry condition is filled.

Regards,

Sepp

[NinjaTrader_Ben]

Hello,

I'm jumping in here but take a look at this link for help on this:

http://www.ninjatrader-support2.com/vb/showthread.php?t=3226

[MasterSepp]

I know how the ToTime() command works, but is there another possibility to get the condition check every 5 minutes? As far as I know, I'd have to type each 5 minute with the ToTime() command. This would look like this:

If(ToTime(0) == ToTime(10,00,00)
check conditions,
If(ToTime(0) == ToTime(10,05,00)
check conditions,
If(ToTime(0) == ToTime(10,10,00)
check conditions,
If(ToTime(0) == ToTime(10,15,00)
check conditions,
...

This would be very much work to do.... that's why I'm asking if there isn't another possibility to get the same result.

Regards,

Sepp

[Ralph]

Assuming ToTime(0) returns an integer representing seconds, and 300 is the correct equivalent for 5min, then you could try the following:

if (ToTime(0) % 300 == 0) ...

Regards
Ralph

[MasterSepp]

Dear Ralph,

could you explain me what this command does? I've never seen this before. Additionally, it doesn't work right. I see that it DOES anything, but I don't see WHAT it does.

Regards,

Sepp

[Ralph]

Watch the result in the output window with:
Print(ToTime(0) % 300 );
Since you are don't use simple data types, that is the save way to control the real behaviour.
The %-operator returns the fraction of a /-operation. While (int / int) returns the integer result (5 / 2 = 2), (int % int) returns the remainder (5 % 2 = 1).

In your case you are looking for a fraction of zero, therfore the comparison ( == 0).

Regards
Ralph

[MasterSepp]

It works! For your own information: the time isn't saved in seconds but just as a number. 13:45:00 is equal to the number 134500. So I had to take the code: ToTime(0) % 500 == 0, because this is for every 5 minutes.
Thank you so much for helping me with this problem!

Regards,

Sepp