Pairs trading

[NinjaTrader_Bertrand]

Freddy, yes that would work if you're trying to place a bracket with 2 limits at the same time, then you would run into the order handling rules of the managed approach detailed here :

http://www.ninjatrader.com/support/helpGuides/nt7/managed_approach.htm

BarsSinceExit can be used as well - http://www.ninjatrader.com/support/h...ssinceexit.htm

[freddy250]

Thanks,

Does anything like BarsSinceTakeProfit exist?

I am trying to make a system that will not re enter during the day after it has take a profit, do you know how this could be done?

thanks!

Freddy

[NinjaTrader_Bertrand]

BarsSinceExit could work on a profit target exit as well if you link it up with the lastTrade performance for example - http://www.ninjatrader.com/support/h.../nt7/trade.htm

So if the last trade was a winner (target hit) and BarsSinceEntry is at a cetain barcount do something....

[freddy250]

Sorry to be an amateur but could you please write this sentence in ninjascript for me?

if profit of last trade > 1%

if you could tell how to do that would be amazing!

Thanks

Freddy

[NinjaTrader_Bertrand]

Freddy, you can try for example this snippet :

if (Performance.RealtimeTrades.Count > 0)
{

	// Get the last completed real-time trade (at index 0)
	Trade lastTrade = Performance.RealtimeTrades[Performance.RealtimeTrades.Count - 1];
	
	// Calculate the PnL for the last completed real-time trade in %
	double lastProfit = lastTrade.ProfitPercent;
	
	// Pring the PnL to the Output window
	Print("The last trade's % profit is " + lastProfit);

}

[freddy250]

Thanks,

If i have a condition that is met how can i make a statement that says 'do not enter for the rest of the day'

Thanks a lot

Freddy

[NinjaTrader_RyanM1]

Hi Freddy,

You can do this with a bool flag. Include a check to this bool flag within your entry conditions. After the order is submitted, set to the opposite direction so that your condition no longer evaluates true.

You can use Bars.FirstBarOfSession to reset this bool flag for each new trading session.

http://www.ninjatrader.com/support/helpGuides/nt7/firstbarofsession.htm