Place Orders with OnBarUpdate = false

[kantkant2]

Hi,
I am testing a sample strategy that place sell limit orders when "Close[0] > level" and buy lmit when "close[0] < level" with CalculateOnBarClose = false.
when the price is triggered the strategy correctly place the orders immediatly(NOT at the end of the bar), but if the market come back above/below the level it waits the close of a bar to change/delete the orders (like CalculateOnBarUpdate= true).. can you help me?

thanks

[NinjaTrader_Jesse]

Hello,

Because you are running on each tick, you would need to add logic to account for this specific situation.

if you would like to wait at least 1 bar, an example could be BarsSinceEntry : http://ninjatrader.com/support/helpG...tsub=barssince

You could use something as simple as the following to prevent any further orders after the entry on the same bar:

if (BarsSinceEntry() > 0)

This would entail at least 1 bars since the entry had occurred.

Another way would be to check if it is the First tick of a bar, this would signal the previous bar had closed.

http://ninjatrader.com/support/helpGuides/nt7/firsttickofbar.htm?zoom_highlightsub=firsttick

It would really depend on how you want to handle that according to your trading goals.


I look forward to being of further assistance.

[kantkant2]

Thanks jesse, I've used yed barssincesession function, and it works correctly to place orders immediatly, but not for the modification that wait until the bar close (also in calculateonbarclose=false).
My goal is to modify my order immediatly when price go up/down the specific trigger point (medianrange in this case)
I post you the simple code:

 protected override void OnBarUpdate()
        {

			if (Bars.FirstBarOfSession)
			{
				dayHigh = High[0];
				dayLow = Low[0];
				
			}

			
			if (High[0] > dayHigh
				&& Bars.BarsSinceSession <= 12
				)
			{	
				dayHigh = High[0];
				
			}
			
			
			if (Low[0] < dayLow
				&& Bars.BarsSinceSession <= 12
				
				)
			{
				dayLow = Low[0];
				
			}
			
			double medianrange = (dayHigh + dayLow) /2;
			
			if(Bars.BarsSinceSession > 12
				&& Close[0] > medianrange)
				EnterLongLimit(DefaultQuantity, dayHigh+(1*TickSize), "");
			
			if(Bars.BarsSinceSession > 12
				&& Close[0] < medianrange)
				EnterShortLimit(DefaultQuantity, dayLow-(1*TickSize), "");
			
			
        }

thanks for your help