Close trade if one of these conditions are met

[Ousher]

I'm trying to develop a strategy and am using Strategy Builder. I have my Opening positions part working but need to get the closing part working.

The position will close if one of these conditions are met

1. Close position if the new bar is lower than the previous bar (Basically Green Bar then Red Bar) AND Volume is 1.5x greater than VolumeAverage

((VOL1[0] * 1.5) > VOLMA1[0]))

or

2. Close position if the 2 last bar are lower than than the previous one (Basically Green Bar then Red Bar then Red Bar = Close).


I don't think the strategy builder is able to do this so just needed some help.

Thanks!

[NinjaTrader_PaulH]

Hello Ousher,

Thanks for your post and welcome to the NinjaTrader forums!

Yes, you can accomplish your goals with the Strategy Builder.

A green bar can be defined as the Close price is greater than the Open price.

A Red bar can be defined as the Close price is less than the Open price.

You can specify which bar through the "bars ago" index where an index of [0] is the current bar, an index of [1] would be the bar before that, [2] the bar before that, etc.

Here is a link to the help guide strategy builder example of accessing price data: https://ninjatrader.com/support/help...ataComparisons

For the VOL indicator, you can "offset" the value which is how you can perform math on the volume value to achieve VOL1[0] * 1.5. Please see the strategy builder help guide example of offsetting values: https://ninjatrader.com/support/help...setAnItemValue

To exit a position you can use the order methods of ExitLong() or ExitShort() found in the Order Management folder in the "do the following" section of a set.

Here are the educational resource available on the strategy builder:
Free live webinar every other Thursday at 4:00 PM EST, through this link to all webinars: https://ninjatrader.com/PlatformTraining
Previous recording of the Strategy Builder 301 webinar: https://youtu.be/HCyt90GAs9k?list=PL...auWXkWe0Nf&t=2
Help guide for the strategy builder: https://ninjatrader.com/support/help...gy_builder.htm