Monitoring for and trading a breakout

NinjaScript > Educational Resources > Reference Samples > Strategy >

A common concept many traders use is the idea of a breakout. Points of interest are when the price breaks out from a consolidation range or from previous highs and lows.

Key concepts in this example

•	Determining and storing the first 30 bar high

•	Submitting a long stop order to be filled when price breaks out from the 30 bar high

•	Closing positions after a certain amount of bars have passed

•	Resetting the 30 bar high at the start of every new trading session

Important related documentation

•	FirstBarOfSession

•	BarsSinceSession

•	BarsSinceEntry()

•	BarsSinceExit()

Import instructions

1.	Download the file contained in this Help Guide topic to your PC desktop

2.	From the Control Center window, select the menu File > Utilities > Import NinjaScript

3.	Select the downloaded file and click Import.

SampleBreakoutStrategy_NT7.zip