setting xx amount of time before entering the next trade

[kelvinlau2]

another noobie question for you guys..... how do I go about setting my strategy to wait x number of bars after one trade, before entering into another trade...

logically, using "Bars since entry/exit" makes sense, but I end up with nothing done as i don't have a first trade in place

[NinjaTrader_Joydeep]

Hello kelvinlau2,
You can check for how many bars have lapsed since the first bar of the session. Please use the below code to do it

if (Bars.BarsSinceSession > 3)
{
//do something
}

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?barssincesession.htm

Please let me know if I can assist you any further.

[kelvinlau2]

hi Joydeep,

thanks for the reply. Unfortunately I'm still unclear as to how to set a time buffer between trades.

Suppose my code looks like this:

protected override void OnBarUpdate()
{
// Condition set 1 LONG
if (BarsSinceEntry() > 15 && CrossAbove(RSI(Close, 14, 3), 60, 10)
EnterLong(10000, "LONG1");
}


I imagine no trades are ever initiated in my backtest because there is no initial entry for the BarsSinceEntry (or Exit) to look back to. So how do I get the process started? I've tried adding an EnterLong(100) in front of Condition set 1 so as to initiate a trade to look back to, but backtest still giving me nothing

[NinjaTrader_Joydeep]

Hello,
Yes, since you wont have any entry the BarsSinceEntry wont work.

To filter your trade for a specific time you can refer to this sample code

http://ninjatrader.com/support/forum/showthread.php?t=3226

Please let me know if I can assist you any further.

[koganam]

hi Joydeep,

thanks for the reply. Unfortunately I'm still unclear as to how to set a time buffer between trades.

Suppose my code looks like this:

protected override void OnBarUpdate()
{
// Condition set 1 LONG
if (BarsSinceEntry() > 15 && CrossAbove(RSI(Close, 14, 3), 60, 10)
EnterLong(10000, "LONG1");
}


I imagine no trades are ever initiated in my backtest because there is no initial entry for the BarsSinceEntry (or Exit) to look back to. So how do I get the process started? I've tried adding an EnterLong(100) in front of Condition set 1 so as to initiate a trade to look back to, but backtest still giving me nothing

You want to key off BarssinceExit(), not BarsSinceEntry().