Strategy: Stopping a strategy after consecutive losers

[NinjaTrader_JoshP]

Trending days or ranging days can make or break a strategy. If you have a system that does extremely well on trending days, you may look for a way to turn that system off during range-bound days. A simple filter you may use could be something like, "If the last three trades were consecutive losers, stop trading for the rest of the session

Key concepts in this example:

• Obtaining previous trade information to decide whether or not to keep trading for the day

Important related documentation:

NinjaTrader 8

• SystemPerformance
• TradeCollection
• AllTrades*
• EnterLong()
• ExitLong()
• IsFirstBarOfSession
• IsFirstTickOfBar

* This reference sample uses the .AllTrades property. This property will include all historical virtual trades as well as real-time trades. If you wish to only make calculations based on real-time trades you can use the .RealtimeTrades property.


NinjaTrader 7

• Performance
• Trade class
• TradeCollection class
• EnterLong()
• ExitLong()
• FirstBarOfSession
• FirstTickOfBar

Import instructions:

NinjaTrader 8

1. Download the file contained in this thread to your PC desktop
2. From the Control Center window, select the menu Tools > Import > NinjaScript
3. Select the downloaded file

NinjaTrader 7

1. Download the file contained in this thread 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.