Newbie question: immediate entry if prior days high is touched

[PokerPaul]

Hello,

I have been searching for the answer of the following problem for quite a while, but I couldn't find one.

It is a simple breakout strategy: I want to buy the breakout over prior days high. I am testing on a 1 Minute chart.

As of now, I enter the position on the next bar open. But I want to enter as soon as the prior day high is hit. Here is my entry condition:

// Condition set 1 Long Entry
if (ToTime(Time[0])>=91500 && ToTime(Time[0])<=220000 && High[0] >= PriorDayOHLC().PriorHigh[1]&& hasEnteredLong1 == false)
{
hasEnteredLong1 = true;
EnterLongLimit(DefaultQuantity,PriorDayOHLC().Prio rHigh[1], "Long V1H1");
}

Is there something like a buystop function?

Thanks in advance
PokerPaul

[NinjaTrader_Lance]

Hello,

Yes you can use a buy stop limit order or a buy stop order to do this:

This example may be of help: http://www.ninjatrader.com/support/f...ead.php?t=3223

Also these are the two most common orders you could use for the long side in this case

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

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

Also let me know if you're looking to do an OCO entry breakout as this requires more advanced coding to have two entry OCO orders.

[PokerPaul]

Hello,

I have tried to update my script based on the sample breakout strategy. However, no trades are executed.

Could you have a short look on my file?

Thanks in advance

[NinjaTrader_Lance]

Hello,

If we look into the logic you've used, there will be frequent times when the EnterLongStop() cannot be hit.

This is because you're setting the hasEnteredLong1 = false at an earlier time

if (ToTime(Time[0])>80000 && ToTime(Time[0])<91500 && High[0] >=PriorDayOHLC().PriorHigh[1] && hasEnteredLong1 == false)
			{
				hasEnteredLong1 = true;
			}

is the same as your following condition with a different time. Notice in the above you set your variable to true. So if the above is triggered your enter long will never happen in the following statement because it requires this to be set to false.

if (ToTime(Time[0])>=91500 && ToTime(Time[0])<=220000 && High[0]>=PriorDayOHLC().PriorHigh[1] && hasEnteredLong1 == false)
            {
                hasEnteredLong1 = true;
				EnterLongStop(highestHigh + TickSize, "Long V1H1");
            }

Let me know if I can be of further assistance.

[PokerPaul]

Hello,

I have found a way to trade the breakout over the previous high (PreviousHigh[0]). Now I want to trade the previousHigh[1] in the same strategy.

But the trade for the high before yesterday is not made.

Attached is the code (tested on a 5 Minute chart).

protected override void OnBarUpdate()
{
// Resets the highest high at the start of every new session
if (Bars.FirstBarOfSession)
H1 = PriorDayOHLC().PriorHigh[0];
H2 = PriorDayOHLC().PriorHigh[1];
L1 = PriorDayOHLC().PriorLow[0];
L2 = PriorDayOHLC().PriorLow[1];

// Entry Condition H1: Buy breakout over H1
if (Bars.BarsSinceSession > 15 && CurrentDayOHL().CurrentHigh[0]<H1)
{
EnterLongStop(H1,"H1");
}

// Entry Condition H2: Buy breakout over H2
if (Bars.BarsSinceSession > 15 && CurrentDayOHL().CurrentHigh[0]<H2)
{
EnterLongStop(H2,"H2");
}

if (Bars.BarsSinceSession > 15 && CurrentDayOHL().CurrentLow[0]<L1)
{
EnterShortStop(L1,"L1");
}

if (Bars.BarsSinceSession > 15 && CurrentDayOHL().CurrentLow[0]<L2)
{
EnterShortStop(L2,"L2");
}

Thanks for your comments

[NinjaTrader_Lance]

First two things to check are the days loaded on the chart and the entries per direction

Right click the chart -> data series ensure you have at least 10 days or so being loaded (for this 5 minute chart). Without doing this it could be that your chart doesn't have enough historical data to see the accurate high from 2 days back.

Next go in to your strategy settings and locate entries per direction. Because I see you have two different entry names you will likely want to change this from "All Entries" to "Unique entries"
Doing so will allow each signal name to trigger based on the number specified.

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

Let me know if I can be of further assistance.