Programming an event to occur once every 5 seconds?

[dennho]

I am trying to create a strategy to change a double value once every 5 seconds. I am using the DateTime class but I'm not sure if this is the right way to do it.

#region Variables
...
private DateTime Timer = DateTime.Now;
private double myPrice = 0;
private bool firstrun = true;
...
#end region

protected override void OnBarUpdate()
{
if (firstrun = true)
{
        Timer.AddSeconds(DateTime.Now.Second+5);
        firstrun = false;
}

if(Timer.Second > DateTime.Now.Second)
{
           Timer.AddSeconds(-1);
           if(Timer.Second==DateTime.Now.Second)
           {
                 LongBreakoutPrice = GetCurrentAsk();
                 Timer.AddSeconds(DateTime.Now.Second+5);
           }
}
}

Is there a timer class? I'm trying to make a time value to be 5 seconds greater than the current time, and then subtract it by 1 second. This looks like a HORRIBLE way to implement it but I have no idea where to start. I tried compiling a strategy to run like this and to draw a line on the chart where the double value is and it is not really working the way I want it to. And can I have the statement Timer.AddSeconds(DateTime.Now.Second+5); under void initialize()?

[NinjaTrader_Bertrand]

dennho, please review the reference sample below dealing with the TriggerCustomEvent() you could use for this task - http://www.ninjatrader-support2.com/...ead.php?t=5965

[dennho]

Thanks for the heads up. Can you apply this to strategies as well? Or is this limited only to indicators?

[NinjaTrader_Bertrand]

You're welcome, applicable to both indicators and strategies.