Break HOD go long

[Trade From My Recliner]

ok...I am a noob but I think I should be able to figure this out. I am trying to do something very simple but can't get it to work right. I am using the strategy wizard and trying to simply put on a long position when price touches 1 tick past the high of the current day. I have wasted way too much time on this as I just know it is very simple. Any help would be appreciated.

[NinjaTrader_Bertrand]

Welcome to our forums - what issues have you run into? If your entry triggers, the trade would be executed on the next bar in backtesting.

[Trade From My Recliner]

I suppose since I am new at this I am using flawed logic. Here is what I have come up with and a pic of what I get:

// This namespace holds all strategies and is required. Do not change it.
namespace NinjaTrader.Strategy
{
/// <summary>
/// Enter the description of your strategy here
/// </summary>
[Description("Enter the description of your strategy here")]
public class HiLowBreak : Strategy
{
#region Variables
// Wizard generated variables
private int target = 1; // Default setting for Target
private int stop = 1; // Default setting for Stop
// User defined variables (add any user defined variables below)
#endregion

/// <summary>
/// This method is used to configure the strategy and is called once before any strategy method is called.
/// </summary>
protected override void Initialize()
{
Add(CurrentDayOHL());
SetProfitTarget("", CalculationMode.Ticks, Target);
SetStopLoss("", CalculationMode.Ticks, Stop, false);

CalculateOnBarClose = true;
}

/// <summary>
/// Called on each bar update event (incoming tick)
/// </summary>
protected override void OnBarUpdate()
{
// Condition set 1
if (GetCurrentBid() > CurrentDayOHL().CurrentHigh[1] + 1 * TickSize)
{
EnterLong(DefaultQuantity, "");
}

}

#region Properties
[Description("")]
[GridCategory("Parameters")]
public int Target
{
get { return target; }
set { target = Math.Max(0, value); }
}

[Description("")]
[GridCategory("Parameters")]
public int Stop
{
get { return stop; }
set { stop = Math.Max(0, value); }
}
#endregion
}

[NinjaTrader_Bertrand]

Looks good to me, but unfortunately I did not see the pic with the outcome....also: GetCurrentBid uses the Close value in backtesting, so this might be different from what you expect.

[Trade From My Recliner]

http://www.screencast.com/t/yOV17AvOylq

[NinjaTrader_Bertrand]

Correct this setup will trigger continously if a new HOD is made - are you looking to enter only once per day?

[Trade From My Recliner]

No...each time HOD is exceeded by 1 tick unless, of course, it is already actively in a trade.

[NinjaTrader_Bertrand]

I suggest you add a drawing to your strategy so you can visually see when exactly it would trigger to place a trade on the next bar - http://www.ninjatrader-support.com/H...gOnAChart.html

[Trade From My Recliner]

ok I will try that, but I actually want it to place the trade on the current bar...on touch one tick beyond HOD

[NinjaTrader_Bertrand]

Then you need to work with CalculateOnBarClose = false in realtime to be able to update the calcs on each tick - http://www.ninjatrader-support.com/H...BarClose1.html

[Trade From My Recliner]

well...you must love working with noobs....I can't get a drawing object to print in my strategy. Nothing shows up on the chart. ideas?

[NinjaTrader_Bertrand]

What y axis value did you choose to draw the object at? Most leave it a first at 0, so this will then never show up unfortunately.

[Trade From My Recliner]

I've tried 0, 1, -1. I can get a bar color to change or outline color to change...cant get dot, triangle, arrow, etc. to print

[NinjaTrader_Bertrand]

Please follow the example here very closely - http://www.ninjatrader-support.com/H...gOnAChart.html

0, 1, -1 would not make sense, to draw you would want to use a valid value on your Y Price axis, such as the High / Low with an offset.

[Trade From My Recliner]

oops...yeah that got it, thanks.