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How to avoid placing an order

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    How to avoid placing an order

    Hello

    What would be a good approach for coding to avoid place an order in chart if some conditions happen? For example, if RSI>80, avoid placing BUY orders.

    Thanks,

    #2
    Hi Rosario, thanks for posting.

    One way of doing it would be to include it in your entry condition e.g.

    if(<entry condition> && !(RSI(14)[0] > 80)) //note the negation of the boolean condition
    EnterLong();

    Kind regards,
    -ChrisL
    Chris L.NinjaTrader Customer Service

    Comment


      #3
      Hello Chris

      I have not explained well. What I need is working in a code that avoids placing a manual order in chart trader after evaluating certain conditions.

      Sincerely,

      Comment


        #4
        Hi Rosario, thanks for your reply. There's nothing that can be done in a script that will block all orders going through the platform. One would need to make an indicator that would signal wether you should manually trade or not.

        Kind regards,
        -ChrisL
        Chris L.NinjaTrader Customer Service

        Comment

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