exit on close

[microsat]

What would exactly happen when we set exit on close as true for a strategy?

Suppose the close time is 4:00PM CT.
The renko bar which crosses the 4:00PM is from 3:30PM to 6:00PM.

When will the true 'exit on close' will trigger a trade close, 1) around 3:59PM but before 4:00PM when the current renko bar doesn't close, 2) at 4:00PM when the current renko bar doesn't close, or 3) at 6:00PM when the current renko bar closes.

Thank you.

[NinjaTrader_ZacharyG]

Hello microsat,

Thank you for writing in.

ExitOnClose works intrabar.

When your strategy will exit with ExitOnClose set to true depends on what you have set for the ExitOnCloseSeconds property: http://ninjatrader.com/support/helpG...oseseconds.htm

By default, this is set to 30 seconds prior to session close.

[microsat]

got it. Thank you.

Can we programmatically set true or false for this option (exit on close, 30 seconds or 100 seconds or others prior to close), just like we do for DrawOnPricePane? Thank you.

[NinjaTrader_ZacharyG]

Hello microsat,

Yes, you can programmatically set ExitOnClose to true or false.

You'll want to do this within the Initialize() method.

http://ninjatrader.com/support/helpGuides/nt7/?exitonclose.htm

Please, let us know if we may be of further assistance.

[microsat]

I used a renko bartype with exit on close as true. I noticed all exit on close happened at the close of the bar prior to the bar crossing the exit time. Is this a bug for backtesting?

For example

the 100th bar closes at 3:00 pm.
the 101th bar closes at 4:21 pm.

When I set the exit on close as true and ExitOnCloseSeconds = 30 and my close time is 4:00pm.
The order will be always be filled at the close price of the 100th bar, no matter what the price at 3:30PM is.

Looking forward to your reply.

Hello microsat,

Yes, you can programmatically set ExitOnClose to true or false.

You'll want to do this within the Initialize() method.

http://ninjatrader.com/support/helpGuides/nt7/?exitonclose.htm

Please, let us know if we may be of further assistance.

[NinjaTrader_ZacharyG]

Hello microsat,

ExitOnCloseSeconds is only a real-time property: https://ninjatrader.com/support/help...oseseconds.htm

It will not function during a backtest.

With exit on close set to true in a backtest, the strategy will exit at the last bar of session.

It wouldn't be expected for the chart to show the exit on a bar previous to the session close bar.

Can you please provide a screenshot of what you are witnessing on your chart?

To send a screenshot with Windows 7 or newer I would recommend using Window's Snipping Tool.

Click here for instructions

Alternatively to send a screenshot press Alt + PRINT SCREEN to take a screen shot of the selected window. Then go to Start--> Accessories--> Paint, and press CTRL + V to paste the image. Lastly, save as a jpeg file and send the file as an attachment.

Click here for detailed instruction