Working with Candle Patterns

[thinkster]

Hello NT Support,
I'm trying to get a candle strategy going but not getting any results in back testing.
I'm including a screenshot of what I did in Condition Builder. I also put a target and stop of 10 ticks. Want this to work in futures markets. I'm using the candle patterns indicator listed in the NT list. Thanks.

[NinjaTrader_JC]

Hello thinkster,

Thanks for the note. I am happy to help.

So when you are calling “CandleStickPattern(ChartPattern.BearishEngulfing, 4).PatternFound[0])” it is only going to return a the number of patterns that it found in the close of the current bar like 0 or 1. In the Condition builder you are comparing it to the value of the close price of the current bar.

Example: if you want to have the condition to be true and enter long when the indicator “CandleStickPattern(BearishEngulfing)” shows “BearishEngulfing” you can compare it to a numeric value like “1” so the condition would be true. See attached image below.



Note that in since you have 2 conditions inside “Set 1” they both must be true before it will do the following code.

For more information about "Condition Builder" you may read our online help guide at the following link.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?condition_builder.htm

For more information about "Developing Strategies" you may read our online help guide at the following link.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?developing_strategies.htm

We do have a YouTube channel that has a video on “Automated Strategy Development Level 1” you may watch to learn more about “Developing Strategies”.

http://www.youtube.com/watch?v=fVFqw5W8uGI&list=PL4D56536A44DD7105&index=10&feature=plpp_video

Please let me know if I can be of further assistance.