false long and short signal

[daxtrader]

Hello,

can somebody help me please.

what's false at my code.


The system should act the signals as shown on the attached picture

I go Long: If the price of the current bar is higher or equal than the high of the last bar.

I got Short: If the price of the current bar is lower or equal than the low of the last bar.

The strategy should be long and short as well as on the attached screenshot.

Thanks,
Helga

[NinjaTrader_PaulH]

Hello daxtrader,

Thanks for your post.

The strategy is using the EnterLong() and EnterShort() methods. These methods will observe if there is already a position in the opposite direction and will issue 1 order to first close the existing position and a 2nd order to then be in the desired direction. For example, the strategy is in a long position the method EnterShort() will issue 1 sell market to close the long position and a 2nd sell market order to then leave the strategy in a short position.

The strategy is using Calculate on bar Close = true, this means the logic evaluations occur at the close of the bar, any market orders placed would occur on the next bar.

You may want to add code to your conditions sets to also draw a dot on the chart to show what bar the conditions are evaluating as true to help understand where the conditions are true verses where the actual entries occur.

[daxtrader]

Hello Paul,

can you please show me the code.

Thanks

[NinjaTrader_PaulH]

Hello daxtrader,

Thanks for your reply.

Here is an example of drawing a blue dot 3 ticks below the low of the current bar:

DrawDot ("test"+CurrentBar, true, 0, Low[0] - 3 * TickSize, Color.Blue);

Reference: https://ninjatrader.com/support/help...7/?drawdot.htm

[daxtrader]

Hello Paul,

when I

Enter Long + 1 tick
Enter Short - 1 tick

how should I include this in the strategy.

// Condition set 1
if (Open[0] >= MAX(High, lookback)[1])

{
EnterLong(DefaultQuantity );
}
// Condition set 2
if (Open[0] <= MIN(Low, lookback)[1])

{
EnterShort(DefaultQuantity );
}


Best Regards,
Helga

[NinjaTrader_PaulH]

Hello daxtrader,

Thanks for your post.

You would not be able to specify the price using a market order as the market order is filled at the convenience of the market so you are more likely to have an entry however it will be at a price controlled by the market.

If you wish to enter at a specific price, then you would need to use a limit order. For example: If you wish to buy with a standard limit order, you would need to place a limit order below the current market price OR if you wish to place a buy order above the market price you would need to use a buystoplimit order.

Please review: https://ninjatrader.com/support/help...d_approach.htm
Here is a link to all of the order methods: https://ninjatrader.com/support/help...er_methods.htm

I would advise testing the methods and recommend that you place your limit order well away from the current price to better see how they work and avoid errors that would disable your strategy because the (order) price is incorrect. Keep in mind that while using CalculateOnBarClose = true, that the current bar is the latest complete bar and does not represent the actual current price on the bar that is forming on the right edge.

Finally, as previously mentioned the EnterLong and EnterShort automatically close the opposite position by placing a second order. The limit orders do not do this so you would need to think about adding targets and stops or using Exit methods as shown in the links above.