Understanding EnterLongStop

[CobrasMarketView]

Hi,

I might not understand EnterLongStop correctly, is it a Long Stop order? So if I want to buy if the day's price is higher than the previous day high, I call:

EnterLongStop( 1, true, DefaultQuantity, High[1] + BidAskSpread, "OpenLong" ) ;

Below is my code, it doesn't work as it supposes to be. For now, I can only use EnterLong and EnterShort and they always use the next day's open instead of the exact THE SAME DAY entry price (as long as the day is tick higher than yesterday's high) I want. Please help, thanks.


protected override void Initialize()
{
Add( PeriodType.Minute, 1 ) ;

CalculateOnBarClose = true;
}

protected override void OnBarUpdate()
{
if( BarsInProgress != 0 )
return ;

if (CrossAbove(...))
EnterLongStop( 1, true, DefaultQuantity, High[1] + BidAskSpread, "OpenLong" ) ;

if (CrossBelow(...))
EnterShortStop( 1, true, DefaultQuantity, Low[1] - BidAskSpread, "OpenShort" ) ;
}

There're no trades at all if I use the code above.

[NinjaTrader_JC]

Hello CobrasMarketView,

Welcome to the NinjaTrader Support Forums.

The EnterLongStop() method will place a Buy Stop order at the defined price.

Based upon your snippet of code, I do not see any syntax that would be off. Who are you connected to? This is displayed in the lower left corner of the Control Center.

Are you using the Strategy Analyzer to test this strategy or a chart?

Note that you may use Print() statements to verify values are what you expect and to see how your code is being processed - Debugging your NinjaScript code.

In strategies if you add TraceOrders = true to your Initialize() method, you can then view valuable output related to strategy submitted orders through Tools > Output window - TraceOrders

It may also help to add drawing objects to your chart for signal and condition confirmation - Drawing Objects.

Happy to be of further assistance.

[CobrasMarketView]

Thanks. I'll try to debug and see what I can find.

Just want to make sure one thing: Say, when CrossAbove() triggered, NT always calculates the next bar (as EnterLong() always uses the next bar's open as entry price), right? So the buy stop order here is actually apply to the next bar, not the current bar (when the cross actually happens), right? Even I added secondary 1 min data series, but still it's calculating the next bar, right?

[NinjaTrader_JC]

Hello CobrasMarketView,

Using the EnterLong() method would enter a market order. When backtesting the order will be filled at the open of the next bar correct.

With COBC set to true the NinjaScript is calculating on the close of each bar so the order will be submitted at the start of the next bar. If you would like the order to be filled intrabar (inside of the 1 min bar) you would want to set COBC to false.

Note that when running a Strategy on historical data via Strategy Analyzer or Chart (not real-time) COBC is always going to be set to true. So you would have to add another time frame if you would like the order to be filled inside the 1 minute bar.

You may view the following thread for reference.

http://www.ninjatrader.com/support/forum/showthread.php?t=6652

Let us know if we can be of further assistance.