Simple day high/low trade strategy

[hanoakihiro]

Could you please let me know how to build the following strategy with Forex? (is it possible by the way)


1. If curret bid exceeds the previous day's high, then enter buy. Sell if the current ask goes below previous day's low, then enter short.

2. Close the position at the closing of the same day

If 1. does not work, it can be Limit order at current day's opening. Set the limit order at yesterday's high for long/ yesterday's low for short position.

Please let me know. If this is not possible? Could you suggest me an alternative way to do the same thing?

[NinjaTrader_Bertrand]

Hi hanoakihiro, this should be possible with the Strategy Wizard - you can use the Ask / Bid from the Price data category and the PriorDayOHLC from the indicators category. When you start the final strategy, you can then enable the ExitOnClose feature to close the positions.