Hi,
I've created a simple breakout strategy in the Strategy Builder. I'm trading NQ 09-22, on the 1 minute chart. I've set a 20 tick (5 points) trailing stop loss.
My issue is, most trades are closed instantly (i.e. upon opening) in this strategy. I've used a 3rd party to develop the strategy and there it works fine. It also works in real life settings.
What could be the problem with my code? See below:
I've created a simple breakout strategy in the Strategy Builder. I'm trading NQ 09-22, on the 1 minute chart. I've set a 20 tick (5 points) trailing stop loss.
My issue is, most trades are closed instantly (i.e. upon opening) in this strategy. I've used a 3rd party to develop the strategy and there it works fine. It also works in real life settings.
What could be the problem with my code? See below:
Code:
namespace NinjaTrader.NinjaScript.Strategies
{
public class ORBreakoutStrategy : Strategy
{
private BzvOpeningRange4 BzvOpeningRange41;
protected override void OnStateChange()
{
if (State == State.SetDefaults)
{
Description = @"Enter the description for your new custom Strategy here.";
Name = "ORBreakoutStrategy";
Calculate = Calculate.OnEachTick;
EntriesPerDirection = 1;
EntryHandling = EntryHandling.AllEntries;
IsExitOnSessionCloseStrategy = true;
ExitOnSessionCloseSeconds = 30;
IsFillLimitOnTouch = false;
MaximumBarsLookBack = MaximumBarsLookBack.TwoHundredFiftySix;
OrderFillResolution = OrderFillResolution.Standard;
Slippage = 3;
StartBehavior = StartBehavior.WaitUntilFlat;
TimeInForce = TimeInForce.Gtc;
TraceOrders = true;
RealtimeErrorHandling = RealtimeErrorHandling.StopCancelClose;
StopTargetHandling = StopTargetHandling.PerEntryExecution;
BarsRequiredToTrade = 20;
// Disable this property for performance gains in Strategy Analyzer optimizations
// See the Help Guide for additional information
IsInstantiatedOnEachOptimizationIteration = true;
StopLoss = 20;
}
else if (State == State.Configure)
{
}
else if (State == State.DataLoaded)
{
BzvOpeningRange41 = BzvOpeningRange4(Close, @"0930", @"1000", @"1600");
BzvOpeningRange41.Plots[0].Brush = Brushes.LimeGreen;
BzvOpeningRange41.Plots[1].Brush = Brushes.OrangeRed;
AddChartIndicator(BzvOpeningRange41);
SetTrailStop(@"Long", CalculationMode.Ticks, StopLoss, false);
}
}
protected override void OnBarUpdate()
{
if (BarsInProgress != 0)
return;
if (CurrentBars[0] < 1)
return;
// Set 1
if (CrossAbove(Close, BzvOpeningRange41.RangeHighSeries, 1))
{
EnterLong(Convert.ToInt32(DefaultQuantity), @"Long");
}
}
#region Properties
[NinjaScriptProperty]
[Range(1, int.MaxValue)]
[Display(Name="StopLoss", Order=1, GroupName="Parameters")]
public int StopLoss
{ get; set; }
#endregion
}
}
And thanks again for all the help!
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