Thanks a ton!
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Strategy Builder - enter after 3 bars have closed up
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Strategy Builder - enter after 3 bars have closed up
My brain is fried after trying to get rich with the perfect strategy -- not that I could figure this out, anyway -- but how would I use Strategy Builder to enter long after 3 bars in a row have closed up?
Thanks a ton!
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Hello Indy73,
Thanks for your post.
When you create the condition of Close > Open you can set the "Bars ago" value. So for 1 pair (Close>Open) the bars ago would be 0 (for the current bar), the next pair would be set to 1 for the previous bar and the last pair would be set to 2 for 2 bars ago. When all three conditions are true, the "Do the following" would be actioned.
Here is a screenshot of what the conditions would look like. Note that "Close" is replaced by "Default input" and this is expected when using the "Close" price.
Paul H.NinjaTrader Customer Service
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I just mean I want my strategy to enter on the 3rd up bar that meets my criteria, but if it doesn’t meet my criteria by then, I don’t want to enter the trade.
For example, if I want to enter long on the 3rd bullish candle in a row when the MACD is above 0, I don’t want to enter if the MACD crosses 0 on the 4th green candle. That’s too late and I would rather wait for a pullback. I hope that makes sense
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I understand that the MACD must be included, that's not my question though. However I think I figured it out.
See I'm using renko bars in my strategy and I wanted to make sure it was a maximum of 3 bullish bricks in a row for a long entry and a maximum of 3 bearish bricks for a short entry.
Hopefully this helps somebody in the future:
High[0} > High[1]
High[1] > High[2]
High[2] > High[3]
High[3] < High[4]
This ensures that I only enter on a specific pattern of 3 green bars after 1 red bar for a long entry and vice versa for a short entry when all other conditions are met.
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