Delay Trade for A Day

[lee612801]

Hello,

I know this has probably been discussed previously, but if I have a strategy that triggers on a certain day, but I want to delay the execution until the next day or some following day. How can you simply do that using the EnterLong/ExitLong commands? I'm using a daily chart period and simple market orders.

Thanks,

Regards,

Lee

[NinjaTrader_PaulH]

Hello Lee,

Thanks for your post.

You can change your strategy to set a logic variable true instead of placing an order when your conditions are true. You would also save the current bar number and then compare that to later bars (days) and then you can set the number of days when you actually do place your order.

For the following pseudocode:
readyToPlaceOrder is set a bool variable (true or false) to indicate when your entry conditions are in agreement
entryConditionsTrueBar is an integer variable that will hold the bar number when the entry conditions were true, this then sets what day that was.


if (all of your conditions to enter && !readyToPlaceOrder)
{
readyToPlaceOrder = true; // set bool true
entryConditionsTrueBar = CurrentBar; // save the current bar (day that conditions are true)
}

if (readyToPlaceOrder && CurrentBar != entryConditionsTrueBar)
{
if (CurrentBar - entryConditionsTrueBar > = (you choose number of days here))
{
// your entry orders here
readyToPlaceOrder = false; // reset
}

}

[lee612801]

Paul,

Thank you for the info as this is what I was looking for! I will give this a try and see how it works.

Thanks again!

Regards,

Lee