Current Bid >= Last Fill + (0.5 x ATR)

[davidfw1866]

How would I create the following condition in Condition Builder?

"Current bid is greater than or equal to last fill price plus 1/2 of the Average True Range (ATR)?"

[NinjaTrader_JoshP]

Unfortunately you can't. You can do it very easily with NinjaScript though. By last fill price I am assuming you mean last traded price.

if (GetCurrentBid() >= Close[0] + 0.5 * ATR(14)[0])
{
     // Do something
}

[davidfw1866]

Thanks, Josh.

I kind of thought you couldn't create the condition in Condition Builder, but I wanted to make sure.

Regarding your formula, by last fill, I mean the last price at which I personally bought or sold a unit (not the last price at which anyone bought or sold a unit).

What I'm trying to do is scale into a position by buying or selling an additional unit each time the price increases (or decreases) by half of the average true range (ATR) relative to the previous unit I bought or sold.

For example, if the 20-day ATR of crude oil is $2.60, and I purchase (or sell) a unit at $90, I would purchase an additional unit at $91.30
[$90 + (1/2 x $2.60)] if going long or sell an additional unit at $88.70
[$90 - (1/2 x $2.60)] if going short.

[NinjaTrader_Ray]

This can be done easily in NT6.5 which is currently in beta but its an advanced concept. There is a new OnExecution() method call for each incoming fill generated by orders in your strategy. You can monitor this to get the last fill for example.

[davidfw1866]

Thanks, Ray.