RSI Entry Code

[mccallum28]

Can someone tell me what is wrong with this code please. On 5 min chart

if (CrossBelow(Stochastics(2, 14, 4).K, Stochastics(2, 14, 4).D, 1)) && ((Stochastics(2, 14, 4).D) > 80);
{
EnterShortLimit(DefaultQuantity, 2, "");
}

I would also like to add a condition so the trade enters only when the Rsi K <= D and falling in 30 min chart.

Can someone help me with this or direct me to text that can make this clear..

Thank you

[NinjaTrader_Joydeep]

Hello mccallum28,
You have 2 as the limit price. Are you sure you want to place an order with a limit price of 2.

EnterShortLimit(DefaultQuantity, [COLOR="Red"]2[/COLOR], "");

[mccallum28]

I have adjusted to enter at default:

EnterShort(DefaultQuantity, "");

But the following still shows compile errors.

if (CrossBelow(Stochastics(2, 14, 4).K, Stochastics(2, 14, 4).D, 1)) && ((Stochastics(2, 14, 4).D) > 80);

{
EnterShort(DefaultQuantity, "");
}

[NinjaTrader_Joydeep]

Hello mccallum28,
If you use the below code then can you compile it.

if [COLOR="green"]([/COLOR](CrossBelow(Stochastics(2, 14, 4).K, Stochastics(2, 14, 4).D, 1)) && ((Stochastics(2, 14, 4).D[COLOR="Green"][0][/COLOR]) > 80)[COLOR="green"])[/COLOR]
{
EnterShort(DefaultQuantity, "");
}

Please let me know if I can assist you any further.

[mccallum28]

Ahh that sorted it, can you also assist me with adding another condition. I only want the trades to enter when

if ((CrossBelow(Stochastics(4, 14, 4).K, Stochastics(4, 14, 4).D, 1)) && ((Stochastics(4, 14, 4).D[0]) >= 80))

On a secondary higher time frame such as 30 min.

Can you help me with this or point me to text that points out how to do this.

Thanks

[NinjaTrader_Joydeep]

Hello mccallum28,
You can do it by creating a multi-series NinjaScript code. Please refer to our help guide which further discusses on it.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?multi_time_frame__instruments.htm

[mccallum28]

if ((CrossBelow(Stochastics(4, 14, 4).K, Stochastics(4, 14, 4).D, 1)) && ((Stochastics(4, 14, 4).D[0]) >= 85))

if (Stochastics(BarsArray[2],4,14,4).K[0] > 80);
{
EnterShort(DefaultQuantity, "");
}


I have added "Add(PeriodType.Minute, 30);" to protected override void Initialize() and added the code above but I get an error on calling "OnBarUpdate" it says the index was outside the bounds of the array.

How do I correct this, I appreciate your help..

[mccallum28]

if ((CrossBelow(Stochastics(4, 14, 4).K, Stochastics(4, 14, 4).D, 1)) && ((Stochastics(4, 14, 4).D[0]) >= 85))

if (Stochastics(BarsArray[2],4,14,4).K[0] > 80);
{
EnterShort(DefaultQuantity, "");
}


I have added "Add(PeriodType.Minute, 30);" to protected override void Initialize() and added the code above but I get an error on calling "OnBarUpdate" it says the index was outside the bounds of the array.

How do I correct this, I appreciate your help..

The strategy also fails to enable....

[NinjaTrader_Joydeep]

Hello mccallum28,
You have appended BarsArray[2] to calculate teh Stochastic based on the secondary series. It should be BarsArray[1]. Also instead of BarsArray we recommend using Closes[1].

Please try this code and see if you able to get it work.

protected override void OnBarUpdate()
{
	if (CurrentBars[0] < 1 || CurrentBars[1] < 1) return;
	if (this.BarsInProgress == 0)
	{
		if ((CrossBelow(Stochastics(4, 14, 4).K, Stochastics(4, 14, 4).D, 1)) && ((Stochastics(4, 14, 4).D[0]) >= 85))

		if (Stochastics(Closes[1],4,14,4).K[0] > 80);
		{
			EnterShort(DefaultQuantity, "");
		}
	}
}

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?barsinprogress.htm

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?closes.htm

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?currentbars.htm

[mccallum28]

Hi Joydeep,

I have used the code you suggested, on back testing the strategy it seems trades are being entered short between 0 and 100 rather than when crossover occurs over the OB mark ie 80 in the primary time frame and RSI over 85 in the secondary timeframe i.e 30min.

Because of the above the strategy is entering trades on every bar, rathet than only when in the OB or OS position.

protected override void OnBarUpdate()

{
if (CurrentBars[0] < 1 || CurrentBars[1] < 1) return;
if (this.BarsInProgress == 0)
{
if ((CrossBelow(Stochastics(4, 14, 4).K, Stochastics(4, 14, 4).D, 0)) && ((Stochastics(4, 14, 4).D[0]) >= 80))

if (Stochastics(Closes[1],2,14,4).K[0] > 85);
{
EnterShort(DefaultQuantity, "");
}
}


// Condition set 2
if ((CrossAbove(Stochastics(4, 14, 4).K, Stochastics(4, 14, 4).D, 0)) && ((Stochastics(4, 14, 4).D[0]) <= 20))

if (Stochastics(Closes[1],2,14,4).K[0] < 20);
{
EnterLong(DefaultQuantity, "");
}

}

[NinjaTrader_Joydeep]

Hello mccallum28,
To assist you further can you please send a toy NinjaScript code* replicating the behavior to support[AT]ninjatrader[DOT]com

Please append Attn:Joydeep in the subject line of the email and give a reference of this thread in the body of the email.

I look forward to assisting you further.

*The "toy" just means something that is a stripped down version that isn't necessarily the whole logic. It makes things easier to rout out.

[mccallum28]

Any update Joydeep>?

Thanks

[NinjaTrader_Joydeep]

Hello mccallum28,
I have received your mail and has replied back to it. I need the actual cs file and not the code snippet so that I can test it further.

Please do check your inbox (including the spam folder) and reply to my email.