Price levels for entries

[fwz123]

Hi all,

How can I set buy/sell orders based on previous price levels?

For example, the gold is trading at 1285.

• If it came from 1280, I want to set buy stop order at 1290.

• If it came from 1290, I want to set sell stop order at 1280.

Thanks

[NinjaTrader_AlanP]

Hello fwz123,

Thank you for your note.

There would be a number of ways to accomplish this, one way I could think of would be to use a for loop, which would loop back a number of bars until the price traded above/below 1290 or 1280, at which point you could set a variable equal to 1 or 2, then break the for loop. Then you could check the value of this variable and if the variable equals 1, you would submit a stop market order above or below your desired bands.

You could see the following example for some examples of using loops,

https://ninjatrader.com/support/helpGuides/nt7/zordertype.htm?looping_commands.htm

I do not have any examples which would demonstrate how to do this exactly but I would encourage you to search google for loops and the use of breaks in them.

If you need further assistance I could have someone reach out with a list of third parties that would be interested in developing this for you.

Please let us know if you need further assistance.