Price higher than previous bar close

[momtic]

I would like to know how to set up the Wizard under Crate a new Strategy for Automotive trading

Conditions are very basic,

5 ticks higher than previous bar close

5 ticks lower then previous bar close

Is there any videos to watch

Thanks
momtic

[NinjaTrader_CalH]

Hi Momtic,

Thank you for posting.

I have attached an image that will have the parameters you will need to input to test for your first condition.

On the left side I selected the Close price and left the rest at default.
Choose the '>', greater than, in the middle.
On the right side I selected the Close price again but instead put a 5 in the offset so to test that our current close is greater than the previous close by at least 5 ticks.

You will need to enter '<' and -5 ticks for the opposite effect.

Additionally, here is a YouTube video link on Automated Strategy Development -
http://www.youtube.com/watch?v=SpwGT...D7105&index=13

Let me know if I can be of further assistance.

[momtic]

Thanks for that, very helpful, Could you also do the same and show me how to place a stop and target. Think then I will have it sorted.

Thanks
momtic

[NinjaTrader_CalH]

Momtic,

Attached is the next page for adding StopLoss and ProfitTargets.

The example will show you how to place a ProfitTarget with a 20 tick profit offset.

Let me know if I can be of further assistance.

[momtic]

Hi I am testing some Strategies can you tell me what the color yellow means, under "Strategies" for Automotive trading
Thanks
momtic

[NinjaTrader_CalH]

Momtic,

This yellow bar represents that the strategy is waiting for the position to be flat before making a trade.
http://www.ninjatrader.com/support/h...egies_tab2.htm

[momtic]

Thanks Cal
Im getting to grips with it slowly, another question, can I set a strategy for, if price pulls back to a 15 simple moving average the Automotive trading strategy will buy or sell?
Thanks
momtic

[NinjaTrader_CalH]

Momtic,

You would want to build a condition that will detect when the price hits the SMA.

Example below -

if(Open[0] <= SMA(14)[0])
{
// place long order
}

[momtic]

Hi
Not sure if I need to open new post or carry on posting here, I think its all the same principle of what I am trying to achieve

"Price cross moving average, by 4 bars look to buy "

I posted a photo can you please let me know, if this is correct

Thanks

[NinjaTrader_PatrickH]

Hello momtic,

Thank you for your response.

You will need to set the BarsAgo to 0 and the Offset to 4 for the EMA.

Please let us know if we may be of further assistance.

[momtic]

Thanks PatrickH

There are 2 ofsets either side, to make sure I have done it right, I have attached a photo, is this correct.

Thanks
momtic

[NinjaTrader_CalH]

Momtic,

That is correct per the instructions