Buying on Close

[delalaym]

Hello,

I am trying to build a strategy that will enter a position when the RSI falls below a certain level close to the end of the trading session and buy before the close. Then sell when the RSI is above a certain level just before the close and sell. When I build a strategy it seems that it is always looking at the day before and buying the next day... How do I go about changing that?

Thanks!

Marc-Andre

[delalaym]

In fact, I want to simulate buying right at the close and selling at the close... I should not need intraday data for that, right?

[NinjaTrader_Austin]

delalaym, you will need intraday data to do that. It is simply not possible to "look inside" the daily bars to get intraday data.

[delalaym]

OK... Though I should not need it... Meaning that I want to simulate buying at the price of the close. I have that information with EOD Data. I don't need to know the intraday information. But what happens is that the Strategy Analyzer opens the position on the opening price of the NEXT day. I want the CLOSING price of the day the event is happening...

Thanks!

[NinjaTrader_Bertrand]

Yes, this is unfortunately expected - the bar closes on the open tick of the following bar, thus too late to act on the 'close' - you would need to add a finer granularity as Austin already indicated -

http://www.ninjatrader-support2.com/vb/showthread.php?t=6652

[delalaym]

Hello,

I guess I would not need data with a lot of granularity. Is there a free (or really cheap) way to get intraday historical data. I don't need realtime feeds...

thanks!

[NinjaTrader_Bertrand]

Are you trading FX spot based products? Then you could use the free Gain / Forex.com connection -

http://www.ninjatrader.com/webnew/support_GAIN.htm

For equities and futures realtime, please check into our third party data feed vendors like eSignal, BarChart or DTNIQ -

http://www.ninjatrader-support.com/HelpGuideV6/HistoricalData.html