Postpone or Delay a Long entry for the next 5 bars??? Help

[wallsteetking]

Hello Ninjatrader Team,

I would like to know how I can Postpone a long entry by 5 bars. For example I have a strategy that goes long, every time the volume is 50,000 on a 5 min bar. So once that condition is met it should wait five bars THEN take the long trade. How can I do this.

Thank you

[koganam]

Hello Ninjatrader Team,

I would like to know how I can Postpone a long entry by 5 bars. For example I have a strategy that goes long, every time the volume is 50,000 on a 5 min bar. So once that condition is met it should wait five bars THEN take the long trade. How can I do this.

Thank you

You record the barNumber where your condition is triggered, then check for the barNumber that is 5 greater, and place your entry.

 
private int entryBar = -1;

 
if (EntryConditionsMet)
{
entryBar = CurrentBar + 5;
}

 
if (CurrentBar == entryBar)
{
//enter trades here, EnterLong() et.c., then reset the entryBar variable.
entryBar = -1;
}

[wallsteetking]

I have one more question for you, how can i do the same thing but instead of bars i want to work with price. for example lets say i don't want to enter right away, i want to wait when the price falls 3 points, then enter. how can i achieve this.

[Baruch]

To your first question I would just ask Vol[5] > 50000.
To your curent question, just put a limit order.

[NinjaTrader_JC]

Hello wallsteetking,

You may capture the price from your entry condition like you did when you captured the bar number and add the price that you want to see:

private double capturedPrice = 0;

if (EntryConditionsMet)
{
capturedPrice = Close[0] - 3;
}

Then check the current price if it is lower or equal to the price that you have set.

if (Close[0] <= capturedPrice)
{
// Enter your trade
}

Let us know if that will work for you.