How to automate a breakout of a candle

[janheinemann]

Hi to everyone,

I am completely new at this forum and completely new with the programming of ninjascript.

In advance thank you very much for your help and support.

I am looking for a solution to automate the following strategy:

Setup:
- I want to trade the breakout of a specific candle (9.00 am) every day in the instrument KC
- only 1 trade per day
- 1 tick above the high or 1 tick below the low I want to create a OCO order (long and short)
- once the trade (long or short) is triggered I want to have a fixed Stopp of 40 ticks
- the trade will be closed automatically 5 minutes before the market closes

Would you please be so kind and give me some advice how to start and what kind of code is needed to create this strategy in NT7.

Thank you very much and best regards,


Jan

[NinjaTrader_PatrickH]

Hello Jan,

Thank you for your post.

Instead of using OCO you could just use a condition that looks for the last price to exceed the High of the 9 AM bar by one tick and then enter long via a market order, and of course the opposite for the short entry.

Using ExitOnClose and ExitOnCloseSeconds you can set when to exit the trade before the close of the day.

I would recommend beginning with our Automated Strategy Development webinar recording at the following link: https://youtu.be/MaaqCBoqYxI

Then review our documentation on developing strategies: http://www.ninjatrader.com/support/h...strategies.htm

Please let me know if you have any questions.