Enter and Exit a strategy on a timely manner

[Abdullah_KSA]

Hi There,

I have a strategy that it's based on UniRenko (default) + 15-min bar chart (as secondary series). How do I include the following conditions in my strategy?

1- Wait till the first 5-min passes. If my conditions are not met, don't take any positions till the next new 15-min bar comes in
2- If a position is taken, then don't take another one till the next new 15-min bar comes in

Thank you..

[NinjaTrader_Jesse]

Hello Abdullah_KSA,

In this situation you could use DateTimes to do this or you could add another series of 5 minutes to delegate the logic based on 5 minutes.

One way to go about this would be to use OnEachTick processing, on the first tick of the 15 minute bar you can store the Time[0]. After that for each new tick you can subtract the stored time from now and that will give a TimeSpan difference where you could check if it has been more than 5 minutes to further control the logic.

Another way to do this would be to add a 5 minute series. You could reset a variable when the 15 minute bar closes and then in the 5 minute series after 1 bar set the variable if it was not set. You could use the 5 minute series to toggle the variable after the close of each 15 minute bar.

Are you currently using the builder or manually coding this? The builder would only allow for adding of a 5 minute series however you could not utilize that series for setting the variable so this would need to be manually coded.

I look forward to being of further assistance.

[Abdullah_KSA]

Hello Abdullah_KSA,

In this situation you could use DateTimes to do this or you could add another series of 5 minutes to delegate the logic based on 5 minutes.

One way to go about this would be to use OnEachTick processing, on the first tick of the 15 minute bar you can store the Time[0]. After that for each new tick you can subtract the stored time from now and that will give a TimeSpan difference where you could check if it has been more than 5 minutes to further control the logic.

Another way to do this would be to add a 5 minute series. You could reset a variable when the 15 minute bar closes and then in the 5 minute series after 1 bar set the variable if it was not set. You could use the 5 minute series to toggle the variable after the close of each 15 minute bar.

Are you currently using the builder or manually coding this? The builder would only allow for adding of a 5 minute series however you could not utilize that series for setting the variable so this would need to be manually coded.

I look forward to being of further assistance.

Thank you.. I'm coding this manually (not using Strategy Builder). Would you kindly write a quick script for that? My coding knowledge is limited. I don't know which command to use. Happy to share my current code if needed

[NinjaTrader_Jesse]

Hello Abdullah_KSA,

Thank you for the reply.

I would be happy to walk through either of the items I had described. To get started here is a quick sample of using a secondary series. This is with Calculate OnBarClose.

else if (State == State.Configure)
{
         AddDataSeries(BarsPeriodType.Minute, 15);
         AddDataSeries(BarsPeriodType.Minute, 5);
}




private bool canTrade;

protected override void OnBarUpdate()
{
    if(BarsInProgress == 0) return; //ignore the primary for the purpose of this sample
    Print(BarsInProgress + " " + Time[0] + " " + canTrade);
    if(BarsInProgress == 1)
    {
        canTrade = true; // 15 minute bar close, reset the can trade     
    }
    if(BarsInProgress == 2)
    {
        if(canTrade == true)
        {
            //the first 5 minutes has elapsed, set the variable to false
            // here is where you can do logic also if you wanted to execute it on the first 5 minute bar of the 15 minute span
            canTrade = false; 
        }
    }
}

That would produce a sequence like the following. On the 15 minute series, the lines starting with 1 the variable gets reset to true. On the first 5 minute bar close the following line starting with 2 we can see the variable was true. Each 5 minute bar after that for the 15 minutes is false.


1 7/7/2020 12:00:00 PM False
2 7/7/2020 12:00:00 PM True
2 7/7/2020 12:05:00 PM False
2 7/7/2020 12:10:00 PM False
1 7/7/2020 12:15:00 PM False
2 7/7/2020 12:15:00 PM True
2 7/7/2020 12:20:00 PM False
2 7/7/2020 12:25:00 PM False


I look forward to being of further assistance.

[Abdullah_KSA]

Thanks a lot Jesse. I appreciate the thoughtful input here. I will certainly give it a shot
However, given my limited background in coding, is there a 3rd party that you may recommend here, where I can use a quick hand on this? (with a full legal disclaimer from your side, and no liabilities of course). I would appreciate sharing few contacts (if any)

[NinjaTrader_Jesse]

Hello Abdullah_KSA,

Thanks for the reply.

I would not be able to recommend a third party personally but I will have our sales team provide some information on finding third parties in a follow up post so that you can research them.

I look forward to being of further assistance.

[NinjaTrader_ChristopherD]

Hello Abdullah_KSA,

This is Chris following up on behalf of Jesse.

You can search our list of NinjaScript consultants through the link below. Simply enter a consultant name or search by using our filter categories. Once you have identified your consultants of choice, please visit each consultant's site for more information or contact them directly to learn more:

• https://ninjatraderecosystem.com/sea...mming-services

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Let me know if I may be of further assistance.

[Abdullah_KSA]

Thank you Chris.. this is what I'm looking for exactly