entry based on RSI crossover

[shooly76]

my intraday strategy takes too many bad trades. I would like my strat to make 1-2 trades per day. I have done everything that I know to make it trade less.

the entry signal is based on a customized RSI crossover. however, I can see trades that the strat made..that I would never take. IOW..it is barely touching the avg line..and this is still considered a crossover (entry).

this being said..can I adjust the number of ticks price has to make in either direction to where I can actually see the RSI crossover to other side of the avg. rather than simply touching it and entering.

ex.. enter long if price moves 5 ticks AFTER crossover

[shooly76]

if that is not possible..what about this:

ex; enter long only if price is 60+ ticks or more away from SMA?

this is actually more logical..because the choppiness (and high trade#) is always near or around SMA. Im trying to get this strategy to avoid choppy markets..and I think entering only if price is 60+ ticks away from SMA will help. but Im not sure how this is performed.

is this possible using only strategy wizard?

[NinjaTrader_Jesse]

Hello,

Thank you for the question.

I believe for this if you set a "threshold" amount that you need the price to move past before entering you would just need to add this to your crossover amount.

For example if you wanted 5 ticks after the crossover, you would set your initial crossover price and add 5 ticks to that price. This will just make the crossover start at the correct price.

You can get an amount of ticks by using the following:

double price = Close[0] + 5 * TickSize;

This would return the close price plus 5 ticks.

Once your price crosses the price plus your amount of ticks this will trigger the order.


I look forward to being of further assistance.

[shooly76]

thanks..

after thinking about this some more..Im not too worried about where the RSI crosses over so much. but I would like the strategy to only enter a position if price is 'X' amount of ticks away from SMA.

is there a video tutorial on this? or maybe you can provide step by step instructions?

I dont know how to code yet..but if there is no way to accomplish this in strategy wizard..I guess I will need to learn some ninjascript coding..

[NinjaTrader_Jesse]

Hello,

Thank you for the reply.

We do have a video that covers a lot of topics related to the strategy wizard located here: https://www.youtube.com/watch?v=Maaq...DD7105&index=1

It depends on the specifics but you should be able to create a value in the wizard that is X amount of ticks away from the price you are looking to get.

One way of doing this would be to use a user defined variable.

When setting a user defined variable you have the choice of the starting price which can either be a price value or a indicators value such as the SMA.

If you select the SMA as your price value and then add an offset of X amount of ticks this would be the SMA value + the amount of ticks.

If you have already seen this video please let me know, otherwise I would recommend watching this video as it explains input series and how to define prices in the wizard.

After watching this or if you have already seen the video please let me know and we can go into further detail on how to set the offset price.

I look forward to being of further assistance.