Need your help with coding my strategy

[Saroo970]

Hi, I am trying to build a strategy I have been working on it for a week with no luck. I need to build a buy/sell strategy based on the Doji comparison (Current Doji and Previous Doji), with the following input:

Current Doji (which is happening now): this point is the point of entering a buy or sell position based on; the previous Doji position
1- If Current Doji > the previous Doji = Enter Short position one candle after current Doji candle
2- If Current Doji < Previous Doji = Enter long Position one candle after current Doji candle.
3- Profit = 5 ticks (not 5 candles)
4- Stop loss = 5 ticks (not 5 candles)

Example: if the Current Doji price = 60.1 and Previous Doji price = 55.8 then:
• Current Doji price (Position) > Previous Doji Price (Position) in this case Short position to be created with 5 tick profit & loss.

Example: if the Current Doji price = 55.8 and Previous Doji price = 60.1 then:
• Current Doji price (Position) < Previous Doji Price (Position) in this case Long position to be created with 5 tick profit & loss.
I don’t have any experience in C#, and I have tried to get it done with my basic knowledge but couldn’t.

[NinjaTrader_AlanP]

Hello Saroo970,

Thank you for your note.

This should be able to be be built in the Strategy Builder.

I put together some screen shots of how you might go about setting it up.

You could create a variable called Doji1, with a default value of 0. See screen shot.

Then if you get a doji, I used High=High, save the value of this variable to the current High.

Then in a new set of conditions and actions, you could check that that Doji1 isn't 0 (meaning a previous doji was found and set the variable). In this same set, you would check if the current bar had a doji, as well as whether the Doji1 variable is below this dojis price (high).

Please see the screen shots and let us know if you need further assistance.

[Saroo970]

Many thanks, i am going to build it and try it now

[Saroo970]

Can we do it on NT7, as i am not using NT8.

[NinjaTrader_AlanP]

Hello Saroo970,

It would be the same in NT7, except you wouldn't create a Variable but rather use the predefined Variables. Save to Variable0 rather than Doji1.

I have attached a screen shot showing the difference in NT7.

Please let us know if you need further assistance.

[Saroo970]

Hi Alan, Something went wrong... i am attaching what i have done, plz help me to correct it.

[NinjaTrader_AlanP]

Hello Saroo970,

In set 1 you set Var0 to 0 upon your if statement being true.

You may want to see the 4th screen shot in my original reply.

Please let us know if you need further assistance.

[Saroo970]

Hi Alan, Just to get it right:

Part1
In user define inputs:
Create a Doji1 ----- int = 0
---------------------------------------------
Part 2
In the set1:
When the following conditions are true:
High [0] == High [0]

Do the following:
Variable0=0
-------------------------------------------------------------------

Part 3
In Set2
When the following conditions are true:
Doji1 = Variable0
High [0] == High [0]
High [0]>Doji1

Do the following:
Enter long position

Is this correct, if no can you please just correct the inputs.
My second part Q of the strategy was: what about the second condition of entering short?

[NinjaTrader_AlanP]

Hello Saroo970,

I was unable to find a way to build this strategy in the strategy builder in NT7. I wrote an indicator in the NS Editor which when two highs are the same, will save a value of that high and wait for a second condition of two matching highs, taking place above the first matching highs price.

The indicator will draw a green arrow on the first matching Highs and a red arrow when the second set of matching highs take place above the first, and after both have been drawn, will reset the variables to look for the next signal.

If you would like I can have someone reach out with a list of third parties that would be interested in writing this strategy for you.

Please let us know if you need further assistance.

[Saroo970]

Many thanks, Alan, I was sure its difficult to build.