Help with Strategy Input - Range Trading

[antonio_zeus]

Hello everyone,

ive done some "searches" on my topic and cannot find any useful threads. I am trying to backtest a simple strategy.

I would greatly appreciate the walkthrough on this and here is my strategy. (End of day Futures trading only)

Long: buy 1 contract if price reaches a 5 day high with a stop loss at low of that 5 day range.


Short: sell 1 contract if price breaks under a 5 day low with a stop loss at the high of that 5 day range.

[NinjaTrader_Matthew]

Hello antonio_zeus,

Thank you for your post and welcome to our forums!

What part do you need help with? Have you already programmed your strategy? Have you ran this through the strategy analyzer?

If you are new to NinjaScript strategies, there are a few Sample Automated Strategies which come pre-configured in NinjaTrader. These are found under Tools--> Edit NinjaScript--> Strategy. You will see locked strategies where you can see the details of the code, but you will not be able to edit.

We also have some Reference Samples online as well as some Tips and Tricks for both indicators and strategies:

• Click here to see our NinjaScript Reference Samples
• Click here to see our NinjaScript Tips

These samples can be downloaded, installed and modified from NinjaTrader.

For more information, please see our Help Guide articles on How to use the Strategy Wizard and Strategy Analyzer as well as NinjaScript Strategies. More information on these subjects can be found below:

• Click here for more information on Developing Strategies with the Strategy Wizard
• Click here for more information on Backtest a Strategy with the Strategy Analyzer
• Click here for a Tutorial on Developing Strategies

Lastly, we have a Automated Strategy Development Webinar to help you get up to speed on developing strategies:

• http://www.ninjatrader.com/Webinar/Automated-Strategy-Development-Level-1.php

More information about these sessions can be found here:

• Webinar Schedule

Furthermore I have included links of our Help Guide and Video Library:

• Help Guide

• Video Library

Please let me know if there is anything else I can do for you.

[antonio_zeus]

Hey Matthew

thank you for all that advice.

I am trying to Create a Strategy and then Backtest the strategy.

I have literally done no work on it simply because the examples provided are always based on indicators.

The strategy mentioned is based on price and time. (5 day range).

How would I get the first step done which is to open a LONG position once a 5 day range has been penetrated to the upside?

[NinjaTrader_Matthew]

antonio_zeus,

I would not be able to help you work on the logic of this strategy. If you haven't done so already, I would suggest starting in the strategy wizard to get started with your strategy.

There are many refernece samples for Stratigies in addition to indicators. I would suggest reviewing the links in the previous post and starting with the strategy wizard.

[antonio_zeus]

I dont need help with the logic of the strategy. I just need an explanation on how to input the commands.

The command is basically buy 1 contract after price moves above the previous 5 period range.

[koganam]

Hey Matthew

thank you for all that advice.

I am trying to Create a Strategy and then Backtest the strategy.

I have literally done no work on it simply because the examples provided are always based on indicators.

The strategy mentioned is based on price and time. (5 day range).

How would I get the first step done which is to open a LONG position once a 5 day range has been penetrated to the upside?

Which means that your strategy is really based on price and the Range() indicator. Why not start from there?

[antonio_zeus]

Ouuuu.. i didnt see that! frig man, you computer guys will have the last laugh! I need to go back to school to learn this programming stuff.

Let me try that.

Also for stop loss: how do i place a stop loss at the LOW of that 5 day range for an entry signal??

[koganam]

Ouuuu.. i didnt see that! frig man, you computer guys will have the last laugh! I need to go back to school to learn this programming stuff.

Tee hee. You just have to master how to think in straight lines, while thinking crooked. LOL.

Also for stop loss: how do i place a stop loss at the LOW of that 5 day range for an entry signal??

There is a shipping indicator called MIN() that will give you the lowest low within a lookback range. You should be able to use that to set your StopLoss by price and an offset, all from within the Strategy Wizard.

[antonio_zeus]

Koganam..much appreciated. Let me put all this together and see if it works!