Strategy Wizard

[michi08]

Hi

I need some help with a strategy, build with the Strategy Wizard.

I have 4 indicators in the conditions window and when all indicators lined up (no crossover) I would like to execute 1 market entry order.

The problem I have is that the strategy execute every tick a new order , what did I wrong and how can I change that?

thanks for any help

Michael

[NinjaTrader_PatrickH]

Hello michi08,

Thank you for your post.

You would need to set the EntriesPerDirection to one on the Strategy parameters when enabling the strategy. For information on EntriesPerDirection please visit the following link: http://www.ninjatrader.com/support/h...rdirection.htm

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

[michi08]

Hello michi08,

Thank you for your post.

You would need to set the EntriesPerDirection to one on the Strategy parameters when enabling the strategy. For information on EntriesPerDirection please visit the following link: http://www.ninjatrader.com/support/h...rdirection.htm

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

Like that, but its still the same

[koganam]

Hi

I need some help with a strategy, build with the Strategy Wizard.

I have 4 indicators in the conditions window and when all indicators lined up (no crossover) I would like to execute 1 market entry order.

The problem I have is that the strategy execute every tick a new order , what did I wrong and how can I change that?

thanks for any help

Michael

Apply a MarketPosition filter, so that the code does not make new entries if the strategy is already in a position.

[michi08]

Apply a MarketPosition filter, so that the code does not make new entries if the strategy is already in a position.

Whats a MarketPosition filter?

[koganam]

Whats a MarketPosition filter?

Using the builder as in the first picture leads to a filter as in the second picture.

[michi08]

Using the builder as in the first picture leads to a filter as in the second picture.

Thank you for helping me, I really appreciate it.
I maked a screenshot, did I put the Market Position Filter right, because it isn't working?
I did the same on the short side.

[koganam]

Thank you for helping me, I really appreciate it.
I maked a screenshot, did I put the Market Position Filter right, because it isn't working?
I did the same on the short side.

In my effort to show you an example of how to use the Wizard to create the filter, I may have misled you, because it was just an example. In your particular case, given what you show, you want the MarketPosition filter to read the opposite. So use the "!=" operator instead.

When done, your filter should read: if (Position.MarketPosition != MarketPosition.Long)

[michi08]

In my effort to show you an example of how to use the Wizard to create the filter, I may have misled you, because it was just an example. In your particular case, given what you show, you want the MarketPosition filter to read the opposite. So use the "!=" operator instead.

When done, your filter should read: if (Position.MarketPosition != MarketPosition.Long)

Thank you, but it still doesnt't work. I tried it with a simple EMA strategy but it makes an order after an order.

[koganam]

Thank you, but it still doesnt't work. I tried it with a simple EMA strategy but it makes an order after an order.

That will make one entry and no others until the ExitOnClose. What is the default quantity, and what is the total quantity that is finally in the position?

[michi08]

That will make one entry and no others until the ExitOnClose. What is the default quantity, and what is the total quantity that is finally in the position?

That question I don't understand. Maybe it is better when you can take a look at the strategy and then give me some advise

In the screenshot is what I get, but I want only the first trade.

thanks a lot

[koganam]

That question I don't understand. Maybe it is better when you can take a look at the strategy and then give me some advise

In the screenshot is what I get, but I want only the first trade.

thanks a lot

That is doing what you programmed. Every entry occurs only after an exit. When you exit, you are no longer in a positiion, so you make another entry.

If you are saying that you want only a single entry per session, that is a different question. It may be possible to do that by using the FirstBarOfSession filter. However, I do not see any way to access FirstBarOfSession in the Wizard, so that can probably not be done in the wizard. There might be other more convoluted ways to do what you want in the Wizard, but that is not something that I can explore at this time. My apologies.

[NinjaTrader_PatrickH]

Hello michi08,

Thank you for your response and thank you to Koganam for heading this one up!

As Koganam detailed and in your screenshot, the Profit Target is closing the position and then it is opening on the next bar when the entry condition is true.

[michi08]

Hello michi08,

Thank you for your response and thank you to Koganam for heading this one up!

As Koganam detailed and in your screenshot, the Profit Target is closing the position and then it is opening on the next bar when the entry condition is true.

Question now: how can I change that?

[koganam]

Question now: how can I change that?

Most likely you have to unlock the code, and edit it manually.