Exit on close of entry bar

[ricko]

For the following code for example

if (Close[0] > Close[10])
            {
                EnterLong(DefaultQuantity, "Long");
            }

I would like to have positions closed at the close of the entry bar. How can I do that without another price series?

Thanks in advance

[NinjaTrader_PaulH]

Hello ricko,

Thanks for your post.

Can you clarify what type of bars you are using? What time frame or bar size?

Is this backtesting, market replay or live data?

If market replay or live data, what is CalculateOnBarClose set to?

[ricko]

Hi Paul,

I am using only daily bars and this is for backtesting only.

CalculateOnBarClose = true;

Thanks for the quick reply.

[NinjaTrader_PaulH]

Hello ricko,

Thanks for your reply.

When backtesting your strategy, the code will only execute once per bar at the end of the bar. If orders are placed then they will be entered on the next bar. I know of no way to provide for an exit at the end of the bar entered in backtesting without using another dataseries to provide more opportunities for the entries and exits to be executed as you wish.

Even though you have indicated you don't want to add another dataseries, if you want to accomplish your backtesting goals it is what you would need to do and in that regard, here is a reference strategy showing how to do that: http://ninjatrader.com/support/forum...ead.php?t=6652

[ricko]

OK, I got that. How to apply an exit at the next open then?

[NinjaTrader_PaulH]

Hello ricko,

Thanks for your post.

I may be misunderstanding the context of your question but using just daily bars in backtesting you would not be able to specify an operation on the opening of a bar. The code executes at the end of the bar and any order placed would be done on the next bar. All you could do would be to place the one order and then on the next bar have the code exit your order.

For example:

if (your entry conditions are true)
{
// enter long order here
saveBarNumber = CurrentBar; // save the current bar number to be used later
}

if (Position.MarketPosition == MarketPosition.long && CurrentBar - saveBarNumber >= 1)
{
// exit long order here
}

[ricko]

Thanks. Last question on this. Can I accomplish the same with

if (BarsSinceEntry("Long") > 0)
{
ExitLong("Long");
}

I tried and it appears it does not work.

[NinjaTrader_PaulH]

Hello ricko,

Thanks for your reply.

It should work if you named your entry "Long".