I would like to exit a strategy after X consecutive bars following the entry bar if none of the X bars have crossed above the entry bar High for a long position or crossed below the entry bar Low for a short position. Thanks, would appreciate any suggestions.
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Exit after X bars
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Exit after X bars
Hi,
I would like to exit a strategy after X consecutive bars following the entry bar if none of the X bars have crossed above the entry bar High for a long position or crossed below the entry bar Low for a short position. Thanks, would appreciate any suggestions.Tags: None
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Hello 2Look4me,
Thanks for your post.
You can use the BarsSinceEntry() method to check for X bars after entry: https://ninjatrader.com/support/help...sinceentry.htm
When you place your order, you can save the High of the bar into a double variable (savedHigh for example)
You can use the MAX() method to test for the maximum high in a look back period of x-1 (-1 to not include the entry bar). Reference: https://ninjatrader.com/support/help...aximum_max.htm
This will allow you to write a condition:
if (BarsSinceEntry() > x && MAX(High, x-1)[0] < savedHigh).
For the other side, you would use MIN(Low, x-1)[0].
Reference: https://ninjatrader.com/support/help...inimum_min.htmPaul H.NinjaTrader Customer Service
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Paul, thanks for the reply. I have the following:
Code:private double EntryHigh =0; if (A && B) { EnterLong(); EntryHigh = High(0); } if (BarsSinceEntry()==1 && High[1] !=EntryHigh) //Verify entry bar high is the final high { EntryHigh = High[1]; } else if(BarsSinceEntry()>X && MAX(High, X-1)[0] < EntryHigh) { ExitLong(); }
There are instances where one of the X bars will temporarily cross above the entry bar high then closes below and an exit will still occur. Why the exit if the high was crossed? Am I missing something that is obvious?
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