Where to start if I want to create a strategy on a trading set-up?

[belecona]

Yes Matthew. I have Trace Orders True for my strategy. I went through the log and it does not have remarks for my strategy on the ES chart. Guess because it has not triggered any trades (even it should have done when price broke up).

For the strategy on the 6E chart, it did have the OrderRejected and Strategy cancelled messages captured on the log.

Appreciate any tips for my trouble-shooting. Thank you.

Beth

[NinjaTrader_Matthew]

Beth,

I see you have a lot of debugging information in your code already. When the condition set was true, did you get the Entering LongStop/ShortStop" printed to the output window? Did the DrawText display? Or was this missed as well?

Are you sure there were not any messages saying that it was ignoring an entry order?

[belecona]

Hi Matthew

My strategy worked when it's on a 6E 1-minute chart this morning. It has triggered a text stating the entry points on the chart upon completing the specified breakout timeline, had the required stop orders on the Control Center, cancelled the pending orders when it's filled.

It has not triggered anything on the ES 1-minute chart - strange that it works on one instrument and not the other.

I will work on fixing the OrderRejected error since my strategy on the 6E chart tried to enter again after completing a trade. Then explore why it's not working on ES.

Will you please enlighten me how can I specify my stop order "1 tick above/below" the predetermined HH/LL of the breakout range and not # of ticks? Have not done that before. Thank you.

Continue enjoying your day.

Beth

[belecona]

Hello

I did a quick market replay. It did not trigger a trade when price broke the breakout point. No text and orders though the chart continued plotting. Then it stopped plotting at 12:00 midnight. You can tell from the following short clip that the timer on the Replay continued running while Bid/Ask window on the Control Center has stopped:

http://screencast.com/t/0PA97yhdbXIy

Appreciate any tips to resolve the issues. Thank you very much.

Beth

[NinjaTrader_Lance]

Hello,

Will you please enlighten me how can I specify my stop order "1 tick above/below" the predetermined HH/LL of the breakout range and not # of ticks? Have not done that before.

//this would enter a long stop order 1 tick above the high of the current bar
entryOrder = EnterLongStop(High[0]+ 1*TICKSIZE, "myLong");

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?enterlongstop.htm

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?ticksize.htm

Additionally you may find this a good example for using IOrder: http://www.ninjatrader.com/support/f...ead.php?t=7499

I did a quick market replay. It did not trigger a trade when price broke the breakout point. No text and orders though the chart continued plotting. Then it stopped plotting at 12:00 midnight. You can tell from the following short clip that the timer on the Replay continued running while Bid/Ask window on the Control Center has stopped:

Please ensure you have the level 2 (for the bid/ask data) and level 1 data available for this time. Right click the Repay controller -> available data...

If it's not there you will need to download it by going to utilities -> download replay data

Please let me know if I can be of further assistance.

[belecona]

Hi Lance

Thanks for your suggestion. Currently, my entry stop orders work well (I've specified 1 tick above/below the breakout range). I have a pending stop order @12 ticks from entry. I would like to change it to 1 tick above/below the breakout range. Appreciate your providing me with a sample if available or give me some tips. Thanks.

Beth

[NinjaTrader_Lance]

Hello,

You could use

stopOrder = ExitLongStop(BREAKOUTRANGEHIGH+ 1*TICKSIZE, "myLong");

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?exitlongstop.htm

Where BREAKOUTRANGEHIGH is your custom range's high value.

[belecona]

Hi Lance

I removed my former "SetStopLoss("", CalculationMode.Ticks, stoplossticks, false);" codes and added the following:

private double StopOrder = 0;

protected override void OnBarUpdate()

//Condition set 1 Go Long
EnterLongStop(DefaultQuantity, highestHigh+TickSize,"");
StopOrder = (lowestLow-TickSize);

//Exit Condition 1: Stop Order 1 tick below LL

ExitLongStop(StopOrder);

Compiled the revised strategy successfully. Do you notice anything wrong please? Thank you.

Beth

[belecona]

Oh .. one question please. Should I have 2 different StopOrders (say StopOrder 1 and StopOrder2) for my LongStop and ShortStop exit orders? Thank you.

Beth

[NinjaTrader_Lance]

Hello,

Oh .. one question please. Should I have 2 different StopOrders (say StopOrder 1 and StopOrder2) for my LongStop and ShortStop exit orders? Thank you.

While not required this would be a good idea as it would allow you to individually manage them.

There isn't anything "wrong" with the code, but you may notice your orders may not be managed as you expect.

I strongly recommend using the following as a starting template for structuring your order handling: http://www.ninjatrader.com/support/f...ead.php?t=7499

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?iorder.htm

If this is too advanced for you, you can still use SetStopLoss(), this does have some limitations which are discussed here: http://www.ninjatrader.com/support/h...etstoploss.htm
SetStopLoss("myLong", CalculationMode.Price, BREAKOUTRANGEHIGH+ 1*TICKSIZE , false);


Please let me know if I can be of further assistance.

[belecona]

Hi Lance

I am unable to comply my strategy successfully once I added the following (Error message: SetStopOrder1/SetStopOrder2 do not exist in the current context):

protected override void Initialize()
SetStopOrder1("",CalculationMode.Price,lowestLow-1*TickSize, false);
SetStopOrder2("",CalculationMode.Price,highestHigh +1*TickSize, false);

portected override void OnBarUpdate()
SetStopOrder1("", CalculationMode.Price, lowestLow-1*TICKSIZE , false);
SetStopOrder2("",CalculationMode.Price,highestHigh +1*TickSize, false);

I estimate that I must have missed something and not sure what? Is it fine to stay with the following simple version:

EnterLongStop(DefaultQuantity, highestHigh+TickSize,"");
StopOrder1 = (lowestLow-TickSize);


//Exit Condition 1: Stop Order 1 tick below LL
ExitLongStop(StopOrder1);

You're right that the iOrder script is too advanced for me.

Thank you.

Beth

[NinjaTrader_Lance]

Hello,

If IOrder is to advanced, I would recommend starting with creating one strategy to only handle long trades and the other to handle short trades as managing multiple stop orders may be too complex.

You will have to use SetStopLoss() in the format it is used here:http://www.ninjatrader.com/support/h...etstoploss.htm

Please let me know if I can be of further assistance.

[belecona]

Hi Lance

I tried again and still got the same error message when compiling the strategy, ie

SetStopOrder1 does not exist in the context
SetStopOrder2 does not exist in the context

I have the following under Variables:

private double StopOrder1 = 0;
private double StopOrder2 = 0;

Also tried to change the above to

private int StopOrder1 = 0;
private int StopOrder2 = 0;

Not sure what else to try. Appreciate your suggestion. Thank you.

Beth

[NinjaTrader_Lance]

Hello,

I would need to see your full source file to verify. But based on what I've seen, there could be one or two errors. If this is a Property (user input) you will need to make StopOrder1 lower cased such that it is stopOrder1.

Additionally typing StopOrder1(.......) is not valid unless you have created the function.

You will need to type something like
SetStopLoss("myLong", CalculationMode.Price, BREAKOUTRANGEHIGH+ 1*TICKSIZE , false);

You can find the source file in (MY)Documents\NinjaTrader 7\bin\Custom\Strategy

Please let me know if I can be of further assistance.

[belecona]

Hi Lance

I followed your suggestion and am able to compile my strategy successfully with

SetStopLoss("",CalculationMode.Price,lowestLow-1*TickSize, false);

The above will work for a LongStop order. Instead of running a second strategy for ShortStop order, how can I add a similar code to exit a ShortStop order in one strategy? Please advise. Thank you.

Beth