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Daily Bar Strategy Recommendation

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    Daily Bar Strategy Recommendation

    I use Zen-Fire, understanding its limitation on NO DAILY BAR data. So I subscribe to a historical daily data feed also.

    I trade GLOBEX futures (minis)

    My QUESTION (actually a request for anyone's recommendation or critique of my dilemna):

    Since the Globex market is virtually 24 hours a day, would anyone recommend using Zen-Fire and 1440 minute time BARS over DAILY DATA? The reason I ask is that DAILY DATA is relagated to Globex hours (17:00 to 16:00). So any ENTRY or EXIT calls at the conclusion of a BAR may actually be a bad trading time of day (liquidity issues...larger B/A spread).

    using 1440 min BARS allow me to designate starting/ending time of BAR (say 10:30am or whatever). Might this be preferable based on instrument being traded?

    Is there any reason NOT to use 1440 min BARS to replicate DAILY algorithims?

    #2
    You can try, but it is not exact. Daily bars are built by what the exchange deems is the close/open. Whether your minute data lines up perfectly with that is unknown.
    Josh P.NinjaTrader Customer Service

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