Break even after price advancement

[NinjaTrader_PaulH]

Hello,

Thanks for your reply.

Can you clarify how you are testing this (market replay, strategy backtest) and what your strategy settings are for exit on close and time in force?

[meowflying]

Testing with market replay. Some days I have no position in the end of the day, so next session strategy entering long/short in the first few bars without problems. However when the position is closed on exit(standard 30 seconds before the close), the next day its limited by the rules: no entry for 10 bars after the last exit.

P.S. I think I can use BarsSinceExit<Bars.BarsSinceSession ?

Hello,

Thanks for your reply.

Can you clarify how you are testing this (market replay, strategy backtest) and what your strategy settings are for exit on close and time in force?

[NinjaTrader_PaulH]

Hello,

Thanks for your reply.

Yes, you could use Bars.BarsSinceSession , continuing in your example:

(BarsSinceExit("long") > 10 || BarsSinceExit("long") == -1) || Bars.BarsSinceSession < 10) && (BarsSinceExit("long1") > 10 || BarsSinceExit("long1") == -1 || Bars.BarsSinceSession < 10)

[meowflying]

Hello,

Thanks for your reply.

Yes, you could use Bars.BarsSinceSession , continuing in your example:

(BarsSinceExit("long") > 10 || BarsSinceExit("long") == -1) || Bars.BarsSinceSession < 10) && (BarsSinceExit("long1") > 10 || BarsSinceExit("long1") == -1 || Bars.BarsSinceSession < 10)

Bars.BarsSinceSession < 10 Will work only for the initial entry within first bars of the session, but will prevent all further entries.

I need some like that:

(BarsSinceExit < Bars.BarsSinceSession)

But it gives me error in compilation:

Operator "<" cannot be applied to operands of type 'method group' and 'int'

[NinjaTrader_PaulH]

Hello,

Thanks for your reply.

The statement:

(BarsSinceExit("long") > 10 || BarsSinceExit("long") == -1) || Bars.BarsSinceSession < 10) says that if any of the 3 conditions are true to execute the code after the statement.

BarsSinceExit("long") > 10 will be true after 10 bars after the last exit
BarsSinceExit("long") == -1) will be true before there are any entries
Bars.BarsSinceSession < 10 will be true for the first 9 bars of the new session

The issue previously advised was that entry conditions in the first 10 bars of a new session were being ignored because of BarsSinceExit("long") > 10 so to get past that issue the OR code of || Bars.BarsSinceSession < 10 was added.

Taking the case of an exit at the last bar of the session, the code BarsSinceExit("long") > 10 would prevent placing a new order for 10 bars, however as it is a new session on the next bar, the code || Bars.BarsSinceSession < 10 would permit the entry.

Later after the first 10 bars, you are correct that || Bars.BarsSinceSession < 10 by itself would inhibit further orders however 10 bars after the first exit BarsSinceExit("long") > 10 would be true allowing the next order to occur.