Single day trade

[NWT27]

Hi,

I'm using daily bars.
How do I create a strategy that only lasts one day?
As an example, say an OOPS strategy

Where the day opens below the prior day
Buy the Open and sell at the close
OR Buy on stop at yesterdays low and sell on the close.

In the OnBarUpdate method, I have -
If (Open[+1]<Low[0])
EnterLongStop(DefaultQuantity, Low[0]+1, "LE");

This works and gets me in BUT how do I exit at the close of the day?

I've tried things like
ExitShortStop(Close[-1]);
But they don't work.

Thanks,
Neil.

[NinjaTrader_Bertrand]

Neil, this is unfortunately not possible on daily bars only unless you add an intraday stream of data as outlined here (but this would need custom coding in the NinjaScript editor).

http://www.ninjatrader.com/support/forum/showthread.php?t=6652

[mrlogik]

Hi Betrand,

Could this be done using NTs unmanaged order option? I have been trying to toy with the same idea for backtesting only.

[NinjaTrader_Bertrand]

Unfortunately not mrLogik, you need the added granularity for intrabar timestamps to be able to exit before the close...the daily series would update as the open tick of the next day comes in only...

[mrlogik]

Hi Bertrand,

Thanks for the reply.

That's what I suspected, but just wanted to be sure I wasn't overlooking something.

As always, thank you.