Time based stop

[a1982yusuf]

Hello,
is there a way to enter time based stops in ninjatrader using tick charts? I know how to do this using time based charts using the bars since entry command, but was wondering if someone could help me with the right syntax to use using non-time based charts.
thanks

[NinjaTrader_Joydeep]

Hello a1982yusuf,
The Time[0] value in a tick chart will be not uniformed (like a time based chart). But you can still evaluate the Time[0] to enter a position by placing a code like

if (ToTime(Time[0]) >= 100000)  //do something after 10 AM
{
   //do something
}

Please let me know if I can assist you any further

[a1982yusuf]

Thanks JoyDeep. Sorry for not being clear. My problem is once i enter a trade, I want to have a time based stop to exit the trade.

[NinjaTrader_Joydeep]

Hello a1982yusuf,
Thanks for the clarification.

You can simply use the Exit() method to exit your position.

if (ToTime(Time[0]) >= 150000)  //exit position after 3PM
{
    if (Position.MarketPosition == MarketPosition.Long)
          ExitLong();
    else if (Position.MarketPosition == MarketPosition.Short)
           ExitShort();
}

Please refer to our help guide to know more

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

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

[NinjaTrader_Joydeep]

Hello a1982yusuf,
For any time based stops you can also try this code

if (Time[0].Subtract(Time[this.BarsSinceEntry()]).TotalMinutes > 3)  //exit trade after 3 minutes of entry
{
	//do something
}

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

[a1982yusuf]

Perfect! this is what I was looking for. I will try this and let you know.

[NinjaTrader_Joydeep]

Hello a1982yusuf,
Thanks for your note.

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