ExitOnClose on daily bars, or How to exit position on the same bar as entered?

[danilam]

Hello,

I was backtesting some ideas on daily candles. I wanted to check first of all the results when strategy closes all trades on the same candle it entered it (I use buy/sell-stop orders to enter position).

When I apply:

protected override void Initialize()
{ ExitOnClose = true; }

Nothing happens. Strategy makes 1 trade and doesn't close it.

I use internal $EURUSD symbol and free daily data from Kinetick.

Also, as far as I understood ExitOnClose works "at the close of the session", but how would I alternatively achieve to close position at the end of the same (any time-frame) bar I entered position?

Thank you.

[NinjaTrader_Bertrand]

danilam, ExitOnClose would not work on daily bars and higher as you would need intraday data to simulate this type of strategy.

[danilam]

Thank you, Bertrand,

How would I alternatively achieve to close position at the end of the same (any time-frame) bar I entered position?

[NinjaTrader_Bertrand]

You could only simulate this with adding a finer series, so you could check the timestamps and enter an order before the primary series would close for the bar for example.

[danilam]

I see. That's not exactly convenient. It'd be nice to have command such as in Tradestation for example. Like, "sell (exit) this bar on close". Please take this suggestion to development team. I don't think, it'd be difficult to implement.
Thanks.

[NinjaTrader_Bertrand]

Thanks, I will add your feedback to the lists.

[nysetrader]

Is there any progress with suggestion about closing on close of the bar?

[NinjaTrader_Bertrand]

Unfortunately not update I could share at this time, but it's listed on our product enhancement lists under #1708.

[nysetrader]

Is there any estimated time of developing it?

[NinjaTrader_Bertrand]

nysetrader, unfortunately I could not provide an ETA or commitment at this time, but please be assured your feedback is appreciated and noted at product management.