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Automated Strategy - restricting orders to within x amount of ticks

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    Automated Strategy - restricting orders to within x amount of ticks

    Hi Support

    Our automated strategy is performing well for the most part, except a glitch that is executing trades where they are not meant to execute.

    To fix this error I need to add a condition to every signal, in English, this is what I want: If the close of 1 and 2 bars ago is less than 50 ticks away from the open of the current bar, continue, If condition not met, then wait for next signal"

    Plese advise if there is code for something like this?

    Thanking you!

    #2
    Hello TrendFollowingCapital,

    Thanks for your post.

    I would suggest using the condition of "the close of 1 and 2 bars ago is less than 50 ticks away from the open of the current bar, continue, If condition not met," to set a bool variable to true of false and then include that variable in your entry conditions. In the example below, using a previously create bool called OkayToTrade

    if (Close[1] < (Open[0] - 50 * TickSize) && Close[2] < (Open[0] - 50 * TickSize)) (only one direction shown, you would create a similar set of conditions for the other direction)
    {
    OkayToTrade = True; // continue with signal
    }
    else
    {
    OkayToTrade = false; // do not use current signal.
    }

    if (your sigal conditions to trade && OkayToTrade)
    {
    // entry order(s)
    }
    Paul H.NinjaTrader Customer Service

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