Tick strategy

[Leeroy_Jenkins]

Hey guys
I'm trying to make my first strategy. The main idea is current tick is higher than previous and previous is higher than tick before this. But but it doesn't work when I use Strategy Analyzer. The is no trades.

And some questions: For this strategy should I use in parameters window Type: Ticks, Value: 1, Min. bars required: 3, right? Stoploss and profittarget, is this value in ticks?

        protected override void Initialize()
        {
            CalculateOnBarClose = false;
        }

        /// <summary>
        /// Called on each bar update event (incoming tick)
        /// </summary>
        protected override void OnBarUpdate()
        {
            if (Close[CurrentBar] <  Close[CurrentBar-1])
                return;
            if ((Close[CurrentBar] >  Close[CurrentBar-1]) && (Close[CurrentBar-1] > Close[CurrentBar-2]))
            {
                EnterLong();
            }

        }

[NinjaTrader_ChelseaB]

Hello Leeroy_Jenkins,

I would expect this strategy to have an indexing error due to the Close[CurrentBar-1] without any check that CurrenBar is greater than 1.

Below is a link to a forum post that describes an index error.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/strategy-development/1039920-extract-data-from-volumetric-bars?p=1041234#post1041234

Do you see any errors appearing when running the script in the Strategy Analyzer?

Are you connected for historical data with a provider that supports the data type you are using for the backtest?

On the Chart display of the Strategy Analyzer do you see bars of data appearing on the chart?

[Leeroy_Jenkins]

Hello Leeroy_Jenkins,

I would expect this strategy to have an indexing error due to the Close[CurrentBar-1] without any check that CurrenBar is greater than 1.

Below is a link to a forum post that describes an index error.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/strategy-development/1039920-extract-data-from-volumetric-bars?p=1041234#post1041234

Do you see any errors appearing when running the script in the Strategy Analyzer?

Are you connected for historical data with a provider that supports the data type you are using for the backtest?

On the Chart display of the Strategy Analyzer do you see bars of data appearing on the chart?

Where I can find error records? After testing I don't have any warnings about errors.

On the Chart I can see ticks.

I use Continuum (demo) and Market Replay Data.

[bltdavid]

I'm trying to make my first strategy.

Welcome to the forums!

By the look of your code (and your subject line), I'm going to guess that you might benefit from some basics.

Why?
Because no one ever uses "Close[CurrentBar]" in their code.

Why?
Because CurrentBar isn't really an index value, it is a counter value telling you how many bars the chart
contains.

Index values 'x' that you use inside the brackets, like "Close[x]" are called 'BarsAgo' indexes. These values
are backwards in that 0 refers to the most recently closed bar, 1 means the next most recently closed
bar, index value 2 is the bar just before that, etc.

Summary:
CurrentBars is a counter, and is always increasing by 1 for each new bar added to the chart. This value is
almost never useful as a BarsAgo index value -- since using Close[CurrentBar] refers to the first bar of
the chart, which could be many days and thousands of bars ago. We are usually interested in the last bar
on the chart (which are usually visible on the right side of your chart) and is considered the most recently
closed bar (other than the real-time active bar under development) and at the time upon which it is the
last closed bar it is referenced using BarsAgo index value of 0 -- after the next bar closes these BarsAgo
index values shift by 1, and this same bar is now referenced using BarsAgo index of 1, then 2, 3, 4, etc.
The 0 index value is always being "moved" to the right to reference the most recently closed bar, so
everything else "to the left" gets incremented by 1 to make room for the new bar at BarsAgo index 0.

Study this:
https://ninjatrader.com/support/help...rice_data2.htm

[Leeroy_Jenkins]

Study this:
https://ninjatrader.com/support/help...rice_data2.htm

Thanks you very much. It works.

But my profit target doesn't work. All trades have Exit name "Exit on close".

[Leeroy_Jenkins]

I find out that Strategy master might doesn't work properly with profit/stop loss so I used

SetStopLoss(CalculationMode.Ticks, 1);
SetProfitTarget(CalculationMode.Ticks, 3);

and it works fine.

Thanks for helping. Btw this strategy is horrible

[NinjaTrader_ChelseaB]

Hello Leeroy_Jenkins,

Just something to keep in mind, a tick 1 stop loss is very very close to the entry price. In a fast moving market when live trading there can be slippage and when the order is received by the exchange it could possibly end up on the wrong side and be rejected.

Below is a link to the help guide on the Close series which uses barsAgo values for the indexes.

https://ninjatrader.com/support/helpGuides/nt8/en-us/close.htm

As well as a link to a forum post with tips about getting started with NinjaScript.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/indicator-development/97575-sample-scripts?p=786040#post786040

bltdavid, thank you for your helpful insight.