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    Indicator testing

    Hi there

    Apologies if this is an extremely obvious question.

    I'm trying to run some tests on strength of various candlestick patterns.

    I thought the best way to tdo this would be to enter long when the candlestick pattern is true. Then assess various results if closing after 1 bar, 5 bar, 10 bar 20 bar etc. Not a system as such, but a test of strength

    1. Is there a simpler way of comparing indicators like this?
    2. If not how do i set it to exit 1 bar after entry?

    I cant seem to find how the wizard would let me do this. Would this be on the same set or a different set?

    Cheers,

    Dave

    #2
    Dave,

    In the Misc section of the Condition Builder you have one called "Bars since entry". Use that and you will be able to exit your trades after a bar has gone by.
    Josh P.NinjaTrader Customer Service

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      #3
      Thanks

      Thanks for the speedy reply

      I did note that, but am a little confused with the left and right conditions. What parameters would you suggest I put on the left and right conditions? Do i need to include the price?

      Hope you understand my confusion

      Comment


        #4
        On the left you select Bars since entry. On the right you select Misc -> Numeric value and type in how many bars you want.
        Josh P.NinjaTrader Customer Service

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          #5
          Excellent thanks

          Comment

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