Trigger point entries

[latkinso]

Hi from Oklahoma

I am trying to determine within the strategy wizard
the correct method to buy 4 ticks below the close
of the entry signal bar.

I have EnterLongLimit(defaultQuantity, Close(0)+-4"TickSize"))

but this does not seem to take any trades.

Any suggestions?

Thx

Lynn

[Dexter]

I think you need the following math to end up at a price 4 ticks below close:
Close[0] - (TickSize*4)

Close is an array (not a method), so you want to access it with brackets [] to access the bar price X bars ago. Most recent price is index 0

[NinjaTrader_Brett]

Hello,

Excellent advice Dexter. Right on!!

Latkinso let me know if you have any questions on Dexters advice!

[latkinso]

trigger point

seems to work on a 5 min bar but not on range bars,

hmmmm, no idea what is going on here, thx for the help

Lynn

[NinjaTrader_Brett]

Post what you have currently have please for us to take a look.

[latkinso]

trigger point

http://my.jetscreenshot.com/5323/20110224-a4qa-151kb

with 5 range bar, no results

with 5 min bar

http://my.jetscreenshot.com/5323/20110224-zzto-195kb

also works with 10 range bar, not sure why the difference

Lynn

[NinjaTrader_Brett]

Hello,

The issue is that EnterLongLimit() expires at the end of the entry bar if it is not filled and it is not resubmitted on the next bar.

However in your case the order can never be filled because your placing the order 1 tick out of range on a 5 range bar to be filled since by the time price action moves up to get filled a new bar if formed. The calculation is done again for the entry price and the limit order is moved up again.

Let me know if I can be of further assistance.

[koganam]

Range bars at small values have a tendency not to retrace very deeply. Are you sure that any of your range bars actually retraced the full 5 tick range to put you in. If you submit a limit order 4 ticks below the top of a 5 range bar, the market must usually trade through your order in order to fill it, so it will require a 5 range bar to retrace to the open of the entry bar, in order to get the entry filled.

So, if your strategy requires you to be filled by the close of the bar following the entry (I believe that is the default, but I may be wrong), then if you do not get that retrace on the very next bar, the order gets canceled, and you are never filled.

[latkinso]

trigger point

Thanks for the input,

I believe that the diagnosis of my dilemma is
correct.

I would have thot that the close of trigger bar would have become
a "hard" value and not a variable and that the buylimit "x" ticks below
that would carry forward with each succeeding bar until filled or cxld

Is there a better way of accomplishing this?


Thanks

Lynn

[NinjaTrader_Brett]

Hello,

Unfortunately this has to do with entry logic which I'm unable to assist with, I can answer specific questions on your ninjaScript strategy but as far as helping with code generation to perform your strategy I would not be able to assist with as this is what our NinjaScript consultants are for.

NinjaScript Consultants:

http://www.ninjatrader.com/partners#NinjaScript-Consultants

Let me know if I can be of further assistance.