!FirstTickOfBar logic OR LostInMyMind

[Trader.Jon]

First, I havent been able to test this live yet, and I want to know what to test for, but cant logically get my head wrapped around the code (done in notepad). COBC=true. This would be the only part of the code that will be outside of the COBC=true.

{ if ( (!FirstTickOfBar && Position.MarketPosition == MarketPosition.Flat) && (timeSeries[0] >= 1) )
// Try to go LONG
{ if ( WatchToGoLong == 1 )
{
// Enter Long
if ((iOrderL1 == null && iQuantity1 != 0)
iOrderL1 = EnterLong(0, iQuantity1, sENTRY1L);
if ((iOrderL2 == null && iQuantity2 != 0)
iOrderL2 = EnterLongLimit(0, false, iQuantity2, Close[1], sENTRY2L);
if ((iOrderL5 == null && iQuantity5 != 0)
{ iOrderL5 = EnterLongLimit(0, true, iQuantity5, Close[1], sENTRY5L);
Position.AvgPrice = MyEnterP125;
Print("entry price= "+MyEnterP125);
}
return;
}
}

So:: what happens to each of the order samples? IF they are processed on each tick, is the Close[1] correct for target price or should it be Close[0], or GetCurrentAsk(0) .. even though there is a EnterLong() I am trying to stay away from market orders atm, but still need to test.

Should I use 'true' or 'false' as I am ordering on ticks not bar close?!

Can you tell this is my first FTOB piece of code?

TIA!
Jon

[NinjaTrader_Brett]

Hello,

Thanks for the forum post.

You say that your using COBC = True. So lets take a quick step back.

Are you using COBC = true or false?

As using COBC = true there is no need to use FirstTickOfBar. This is only valid when you are using COBC = false.


Let me know if I can be of further assistance.

[Trader.Jon]

Hello,

Thanks for the forum post.

You say that your using COBC = True. So lets take a quick step back.

Are you using COBC = true or false?

As using COBC = true there is no need to use FirstTickOfBar. This is only valid when you are using COBC = false.


Let me know if I can be of further assistance.

Hi Brett,

I acknowledge I will have a difficult time explaining this, so I will take a different approach.

My strategy is based on COBC=true. There are various BIPs and different indicators on each BIP. I dont use [ (BIP != 0) return; ] for a number of reasons that are helpful in the strategy.

I am trying to have the trade entry to NOT be tied to this COBC=true. I was hoping to use [ if( !FirstTickOfBar && ... ] but as you explained and as I tested, FTOB isnt working at all if COBC=true.

Can I effectively wrap the trade entry code in { COBC=false exclusive of the rest of the strategy in COBC=true? I am not sure of the outcome, and obviously a limitation that I can only test in RePlay/SIM which means no Strategy Analyzer .

Wish list == !FTOB works anytime needed

ThanksIA,
Jon

[NinjaTrader_Brett]

Hello,

Understand. In fact your statement below is exactly what FTOB is meant to allow you to be able to do. Should have no problem here.

Can I effectively wrap the trade entry code in { COBC=false exclusive of the rest of the strategy in COBC=true? I am not sure of the outcome, and obviously a limitation that I can only test in RePlay/SIM which means no Strategy Analyzer .


Let me know if I can be of further assistance.