Channel Strategy

[ericgood]

Hi,

I need some help using the Strategy wizard to write a Strategy for the following:

Criteria:
- when the previous bar high = the previous bars Donchian Channel high; and

Action:
- enter short with a Sell Stop order 3 ticks below the previous bars low.

However, if while bar #2 is painting in, the price on bar #2 does not go below the low of bar#1, and then bar #3 begins, the sell stop order would be put 3 ticks below the low of bar #2.

How would i do that? I tried a number of things with no success. could you get me started in the right direction?

Thanks...

Eric

[NinjaTrader_Bertrand]

Hi Eric, I would start working on first condition and setting it up needed, then add the finer details in a next condition like if not filled on prior bar, resubmit at new price...you don't have to cancel orders explicitly as in NinjaTrader those would expire if not filled with in the bar they were placed on.

To resubmit order, I would work with user variables in the wizard -

http://www.ninjatrader.com/support/forum/showthread.php?t=15417