simple breakout strategy

[dawil872]

Having trouble fixing this simple strategy.

My goal is to reference the high and low of the first bar of a session or a bar at a specific time, and go Long/short if the next candle exceeds it by a tick. Also trying to limit it to 1 trade per day.

Any advice?

[NinjaTrader_RyanM1]

Hi dawil872,

For the first High and Low of the session you can use BarsSinceSession.
double HighFirstBarOfSession = High[Bars.BarsSinceSession];

For a specific time, there is GetBar() method. The following sample can help with GetBar()

http://www.ninjatrader.com/support/forum/showthread.php?t=19176

Limiting trades to once per day could be done with a custom bool flag, resetting at FirstBarOfSession, or work directly with TradePerformance class, as was suggested in your previous thread on this.

[GeorgeO]

I am looking for the code for a simple strategy to buy if prices close at or below the 7-day low.

[NinjaTrader_RyanM1]

Hi GeorgeO,

You can likely build this expression in the strategy wizard. Please see here for help with common expression you can create:

http://www.ninjatrader.com/support/helpGuides/nt7/condition_builder.htm

In the strategy wizard you could use crossing expressions and built in indicator MIN to get the lowest value over a series of bars. Be aware of a common pitfall here: Close can never cross below the lowest value over a series of bars, if the close bar is also included in the MIN series. To avoid this set the MIN bars ago to 1 or check when close == MIN(Low, 14) value rather than crosses below it.

[koganam]

I am looking for the code for a simple strategy to buy if prices close at or below the 7-day low.

if (Close[0] <= MIN(Low, 6)[1]) GoLong();

where GoLong() is your function to make a long entry, however you may choose to code it.