confirmation

[shanemcdonald]

hi
I am having trouble with number of bars confirmation.
I have a price cross moving average exit signal. I want to have a "2 bar " confirmation or be able to change that when setting up strategy.
Is there an easy way to do that ?

I am missing something

thanks

[NinjaTrader_JC]

Hello shanemcdonald,

Could you clarify what you mean by "2 bar" confirmation? Are you referring to BarsSinceEntry?

[shanemcdonald]

hi

that is not what I was referring to, but that looks like it may help me with another problem I have ! Isnt that funny ?


I want to exit a position when the closing price crosses below a 10 sma moving average, but I want a second bar to close below or above that average before sending a signal. Sort of a
"confirmation"

but thanks for that other link. I may be able to use that as a workaround for overfills !

[NinjaTrader_Lance]

In this case you'll likely want to create a tracking variable to do this.

Pseudo code idea:

When CrossBelow happens -> myTrackingVar++

If SMA > Close[0] && myTrackingVar == 1
myTrackingVar++


if myTrackingVar == 2
take trade

reset tracking var to 0 on a cross above

This is just an idea and there are certainly other ways to go about doing this as well.