help with strategy wizard

[Mrjinx25]

hi guys ive been trying to get a grasp on how to use the strategy wizard as I have some ideas I would like to test, i have watched many of the videos on how use the strategy wizard but im having no success backtesting anything (clearly im doing something wrong).

I wanted to test something basic by just buying at the opening of the market if it is lower than the previous days close and exiting a few hours later or if a 1% profit can be made, this is what i came up with:
set1
Open[1]<Close[1]
EnterShort(400,"")

set 2
GetCurrentAsk()>Open[0]
ToTime(11, 0, 0) == ToTime(11, 0, 0)
ExitShort(""."")

Stop Loss and profit targets
SetProfitTarget('', CalculationMode.Percent, 1)

Any help is appreciated, if it is just completely wrong then a pointer to a video or guide that would make things more clear to me would be great
Thankyou

[NinjaTrader_JC]

Hello Mrjinx25,

If you would like to exit out of the trade at 1% profit then you would want to change SetProfitTarget to "SetProfitTarget('', CalculationMode.Percent, 0.01) to represent 1%. With the whole number 1 it will be viewed as 100% profit.

Let us know if that helps.

[Mrjinx25]

I knew it was something simple tripping me up
that helps a lot, thankyou for that

[Mrjinx25]

sorry one more question
when I backtest my strategy it seems to be entering/exiting at the wrong times, I want it to enter if the open is less then the previous days close, but I cant figure exactly how I can set it to the previous days close specifically, at the moment I just have open [2] < close [2]
thanks

[NinjaTrader_Lance]

Are you dealing with daily bars?

Open[0] < Close[1] would get you the open of the current bar and the close of the previous. However the entry time would not be until the close of the current bar. Because of this when backtesting you may need to use a smaller time frame to get more accurate trades. (This would be beyond what the wizard can do and would require custom coding)

http://www.ninjatrader.com/support/forum/showthread.php?t=6652

In real time this would work if you set calculate on bar close to false.

A way to do this without a multi-series script would be to use minute bars instead of daily bars. You could then use the indicator PriorDayOHLC() to get the previous open/close

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