inside bar

[fwz123]

I am looking for an inside bar strategy...

Basically:

- Check (current bar low > previous bar low) AND (current bar high < previous bar high)
- If true either

go long current bar high + 1, stop loss current bar low -1

Or
go short current bar low -1, stop loss current bar high + 1

thanks

[NinjaTrader_DaveI]

Hello,

You can implement this as an inside-bar strategy by adding a secondary data series with a lower-timeframe interval, then testing its highs and lows against the highs and lows of the previous higher-timeframe bar. For example, you might do something like this for entries:

 protected override void Initialize()
        {
            CalculateOnBarClose = true;
	    Add(PeriodType.Minute,1);
        }

        protected override void OnBarUpdate()
        {
			if(BarsInProgress == 1)
			{
				if(Highs[1][0] > Highs[0][1])
				{
					//entry order
				}
			}
        }

For exits, you can use the SetStopLoss() overload below, set the calculation mode to Price, then pass in Lows[0][0] +/- TickSize:

SetStopLoss(CalculationMode mode, double value)

For more information, please see the links below:

BarsInProgress: http://www.ninjatrader.com/support/h...inprogress.htm

Highs: http://www.ninjatrader.com/support/h...html?highs.htm

SetStopLoss: http://www.ninjatrader.com/support/h...etstoploss.htm

Reference Sample: http://www.ninjatrader.com/support/f...ead.php?t=5787

Please let me know if I can assist further.

[NinjaTrader_DaveI]

Hello,

I'd like to make a quick note. My previous reply was assuming that you were looking for a intra-bar execution on this strategy. If you are just looking for an "inside bar" candlestick pattern, then you would not need to use the secondary timeframe. You could just use High[] and Low[], like so:

if(High[0] < High[1] && Low[0] > Low[1])

The exit logic would be the same as my previous post.