Exit in Strategy without PT (Woodies Exit)

[ZdenaVyzila]

Good Day,

I'm looking for a solution how to program (set up) exits from strategy in section Edit NinjaScript-Strategy. I want to exit on the second consecutive bar against position (price candle color change). That means for long position two consecutive red bars and vice versa.

[NinjaTrader_Matthew]

Hello,

You can use a combaiton of the MarketPositon and the Price Data in order to accomplish this.

To compare that last two bars, you'd use barsAgo 0 for the current bar, and barsAgo 1 for the previous bar.

I've attached some screen shots that should help

[ZdenaVyzila]

Thank you very much for your flawless customer service.

One more question: How to combine your solution with my strategy entries?

Let me describe: To go long enter if CCI 50 crosses above -100 and CCI 14 crosses above 0 line
To exit the position: the second consecutive bar against position (price candle color change).

Please have a look at the attached



Both don't work properly. Entry is carried out on the very second bar after "SET 1 condition" bar and Exit occurs randomly... I don't understand and most likely I loose something in there.

[NinjaTrader_PatrickH]

Hello ZdenaVyzila,

Thank you for your response.

I have created a short video detailing this item at the following link: http://screencast.com/t/ZefEU43z

Please let me know if you have any questions.

[ZdenaVyzila]

Hi,
your solution doesn't work for my strategy... Please have a look at the picture below and you see what I mean. Thank you.

[NinjaTrader_PatrickH]

Hello ZdenaVyzila,

Thank you for your response.

What does Set 1 and Set 2 look like now on the Conditions and Actions tab of the Strategy Wizard?

If possible please provide screenshots of these two Sets.

[ZdenaVyzila]

[NinjaTrader_PatrickH]

Hello ZdenaVyzila,

Thank you for your response.

Please try only what is listed in the attached image for Set 2 and you can remove Set 3's conditions and actions.

[ZdenaVyzila]

Great Solution!

But with one tiny problem: Strategy sells one bar after demanded bar to exit...And don't you know how to set entering a position on close instead of open or how to set enters generally? Strategy enters on a bar after one where strategy signalling...have a look at the attached and you'll see what I mean..

[NinjaTrader_PatrickH]

Hello ZdenaVyzila,

Thank you for your response.

You will then wish to use the same conditions as Matthew had detailed where Close[0] < Open[1] and Close[1] < Open[2] (see attached screenshot #1).

For the order entries, if you would like to them to enter intra-bar you may wish to use CalculateOnBarClose = false, which can be set by unchecking the CalculateOnBarClose option on the General tab (see attached screenshot #2).

Please let me know if you have any questions.