Enter/Exit in Condition Builder

[becky1]

Hello,

I'm totally new to NinjaTrader and programming. I checked the threads, but my apologies if this question has been addressed a million times.

How can I develop a strategy to Enter/Exit at the Open/Close (daily charts) using the Condition Builder? (I'm not quite to the point of writing code.)

Thank you.

[NinjaTrader_RyanM1]

Hello becky1,

Welcome to the NinjaTrader forums!

The timing of automated trading signals is based on bars and varies based on backtesting or real time conditions.

In backtesting or when calculate on bar close is true: When the condition evaluates true, orders are submitted on the next bar following.

In real time when calculate on bar close is false: Conditions are evaluated with every incoming tick, and orders are submitted immediately when the conditions are true.

You can set exit on close to true, and all positions are closed at session close, defined by the session template selected.

[becky1]

Thanks Ryan -- So say I wanted to backtest a strategy whereby I Enter at the Open of the day after a condition is met (for ease of discussion, say the condition is something that will be met everyday, like price>0), and Exit at the Open of the following day, is there an easy way to do this using Condition Builder?

[NinjaTrader_RyanM1]

Yes, you don't have to specify a condition. You can evaluate the effect of order actions on a daily chart. Specify an entry order and exit order in the actions section in the strategy wizard, apply to chart to see how it works. Please see here for help defining actions in the strategy wizard:
http://www.ninjatrader.com/support/h...gy_actions.htm

On a daily chart this will have the effect of buying on the open and selling on the open of the next bar after the entry.