Codes

[/\|/\]

Hi

I am new to NT7. Have tried the Strategy Builder wizard but found it allows only Long or Short, but not both. Am I correct?

Can someone help me find codes for -
a. Long when current price > Open + user defined value (e.g. 5 bps)
b. Short when current price < Open - user defined value
c. Stop loss when -
1. long : lowest low when bought
2. short : highest high when bought

Thank you

[NinjaTrader_MichaelM]

Hello /\|/\,

Thank you for writing in. You can create a strategy that reverses (goes from long to short and short to long) in the strategy wizard. You would set this up by using separate condition sets in the strategy wizard.

I recommend going through our strategy wizard tutorial here to get a better understanding of how the strategy wizard works: https://www.youtube.com/watch?v=FmBiNYsf1e8

For everything you mentioned however, I would recommend coding this rather than using the strategy wizard. To get started coding in NinjaTrader, I recommend the following video tutorial:
https://www.youtube.com/watch?v=K8v_2ONBbqI
As well as the following help guide resources:
http://ninjatrader.com/support/helpG..._resources.htm

In NinjaScript code, what you are trying to do might look something like this:

#region Variables
private int plusMinusOpen;;
#endregion
protected override void Initialize()
{
  CalculateOnBarClose = true;
  plusMinusOpen = 5;
}
protected override void OnBarUpdate()
{
  if(GetCurrentAsk() > Open[0] + plusMinusOpen * TickSize)
  {
    EnterLong("Long");
    SetStopLoss("Long", CalculationMode.Price, Low[LowestBar(Low, CurrentBar)], false);
  }
  else if(GetCurrentAsk() < Open[0] - plusMinusOpen * TickSize)
  {
    EnterShort("Short");
    SetStopLoss("Short", CalculationMode.Price, High[HighestBar(High, CurrentBar)], false);
  }
}
#region Properties
    [Description("The number of ticks above the open to enter long or below the open to enter short.")]
    [GridCategory("Parameters")]
    public int PlusMinusOpen
    {
        get { return plusMinusOpen; }
        set { plusMinusOpen = Math.Max(1, value); }
    }
#endregion

Please let me know if you have any questions or if I may be of further assistance.

[/\|/\]

Thanks Michael.

When I backtest the following code I see all trades are executed at Open. Can this be amended to execute as per the code? Thanks.
if (GetCurrentAsk() > High[1])
{
EnterLong("Long");
}
else if (GetCurrentBid() < Low[1])
{
EnterShort("Short");
}

[NinjaTrader_MichaelM]

Hello /\|/\,

Thank you for the update. When backtesting using the strategy analyzer in NinjaTrader 7, strategies will always be run with CalculateOnBarClose = true meaning that orders will always be executed on the open of the next bar. To get around this, you would want to add a smaller timeframe to your strategy and submit orders to that instead.

An example of how to do this can be found don our forums here: http://ninjatrader.com/support/forum...ead.php?t=6652

Here is a helpguide document to help you understand how multi-time frame strategies work in NinjaTrader 7: http://ninjatrader.com/support/helpG...lightsub=multi

Please let me know if you have any questions or if I may be of further assistance.