Order based off next-bar's open

[dom993]

Hi there,

I want to issue an order which price will be offset off next-bar's open (say, buy STOP at next-bar's open + 3*ATR).

How do I do that, especially in backtesting?


Thanks in advance,
Dominique

[NinjaTrader_Joydeep]

Hello Dominique,
You cannot ascertain the open of the next bar unless you further custom code to calculate/speculate the open price or using bar types, like range bars where the open can be predetermined.

[dom993]

That really sucks ... can this be double-checked, and if true make it a feature request.

Thanks
D.

[NinjaTrader_Joydeep]

Hello Dominique,
You can calculate the opening for range bars etc exotic bars but not for minute etc bars.

[dom993]

A stop order based off the next-bar open is the most basic feature required for volatility break-out strategies - I do not imply intraday trading, this was in use 20 years ago for trading off daily charts.

I can design a strategy to do that in real-time (CalculateOnBarClose = false), but in order to backtest that I need access to NextOpen ... I know it is avalaible for FillType objects, what's the trick to read it from a Strategy?

Thanks
D.

[NinjaTrader_Joydeep]

Hello Dominique,
Unfortunately nothing supported I can come across to do it from the strategy.