Trade exit, condition still true, stop re-entering

[ScottieDog]

Hi,

I have a simple strategy in the wizard. It is working OK without stops and targets set. It is very basic (it´s my first one, trying to learn).....

The basic condition is that it goes long on break of previous candle high...... OK, simple enough, working fine. It also reverses and goes short on break down of previous candle low.... OK, fine.

Now I have added a small target to it, 5 cents. This is working fine also, it closes the initial trade at 5cents target... BUT as soon as it closes the trade it then immediately goes long again, as we are above the last candle high still.

How do I stop it re-entering as soon as it takes the profit target?

[NinjaTrader_PatrickH]

Hello ScottieDog,

Thank you for your post.

Depending on what you are waiting for after the target fills you can use BarsSinceExit() before placing another entry: http://www.ninjatrader.com/support/h...ssinceexit.htm

Please let me know if I may be of further assistance.

[ScottieDog]

Im trying to add this in the wizard.

I´ve found the "Bars since exit" in the conditions, but when I chose "time series bars ago1" I get an error message saying "return type of left expression "int32" and right expression "datatime" do not match"

How do I add this condition in the wizard?

[StockFundoo]

One way to tackle this can be to add a boolean variable to keep track whether or not trade is already taken.
For example,

//In Initialize section
bool TradeTaken = false;

At the trade entry, check and take entry only if TradeTaken==false, and at the same time, set the bool flag to true.

if (TradeTaken==false)
{
//take entry
TradeTaken=true;
}

Hope this works!

[NinjaTrader_Matthew]

Im trying to add this in the wizard.

I´ve found the "Bars since exit" in the conditions, but when I chose "time series bars ago1" I get an error message saying "return type of left expression "int32" and right expression "datatime" do not match"

How do I add this condition in the wizard?

You will want to use BarSinceEntry and compare to a Numeric value.

I'm not exact sure where you were access a date time type, however the attached should help get you started.

[ScottieDog]

That was a help. Thank-you.

[ScottieDog]

How would I add

"or hasn´t traded before" to the condition, using the wizard?

I have this...

&& BarsSinceEntry() > 1

I want it to be

&& BarsSinceEntry() > 1
OR never traded before

[ScottieDog]

I found that I can write this

// Only enter if at least 10 bars has passed since our last exit or if we have never traded yet
    if ((BarsSinceExit() > 10 || BarsSinceExit() == -1)

So I know that I have to write || for "or"... but how do I do this in the wizard?

[NinjaTrader_JC]

Hello ScottieDog,

You cannot write an || ('or') statement inside of the Strategy Wizard, so you would have to use two different "Sets" (Example Set1 and Set2) to be able to define this. So for example you could put BarsSinceExit() > 10 in Set1 and then BarsSinceExit() == -1 in Set2 and have the same thing.

Let us know if you have any questions.

[ScottieDog]

OK: Great. Understood.