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Trading crossovers

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Similar in concept to a breakout, many traders like to trade crossovers. This can be a crossover of price from a certain threshold or even an indicator crossing over another indicator.

 

Key concepts in this example

•Determining and storing the first 15 bar high and low values for the current session
•Submitting long or short entry orders depending on which threshold is crossed
•Using a trail stop to exit positions

 

Tip

This reference sample sets CalculateOnBarClose to false. The reason we are doing this is so we can submit orders as soon as a crossover occurs instead of waiting for the bar to close before submitting the order.

 

Important related documentation

•CalculateOnBarClose
•CrossAbove()
•CrossBelow()
•SetTrailStop()
•SetStopLoss()
•SetProfitTarget()

 

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.

 

SampleHighLowCross_NT7.zip