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Looking for Box Play on Candle

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    Looking for Box Play on Candle

    I want to develop a basic box strategy. It would work as follows:

    1. Identify candle to use based on time of day (say 10 AM).
    2. Place a box order (using an OCO order) above and below that 10 AM candle a certain threshold (say 4 ticks).
    3. If filled, trail the stop using the high or low (depending on long/short entry) of the previous candle.

    I tried to use the wizard to generate something like this, but it seemed too basic. Can anyone lend ideas?

    TIA,

    Jimmy Dee

    #2
    Jimmy Dee, welcome to our forum - for this you would need to work in the NinjaScript editor to code your OCO logic for entry orders. Please also review the 'Internal Order Handling Rules' as you can easily run into those when following such an approach (last section) - http://www.ninjatrader-support.com/H...verview36.html

    For NinjaTrader 7 we'll provide a new unmanaged order submission feature that adds more flexibility - http://www.ninjatrader.com/webnew/NT7/NinjaTrader7.html

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