Price breakout

[lancasterstephen]

Hi

I'm trying to short a position when the close of the latest bar exceeds the highest high of the previous 20 bars.

Please can someone tell me what is wrong with the below formula? It seems to be giving me zero results when I backtest it

if (Close[0] > MAX(High[20])[0])

EnterShort(DefaultQuantity, "");

Ta
Steve

[NinjaTrader_PaulH]

Hello lancasterstephen,

Thanks for your post and welcome to the NinjaTrader forums!

By using the bars ago index of [0] in both the close and the MAX() method you are comparing the close of the current bar to the High of the current bar through the previous 19 bars. At best the Close[0] of the current bar can only be equal to the High[0] of the current bar and can not exceed it.

You will need to change your bars ago reference so that you are comparing the close of the current bar to the MAX() starting at the prior bar

if (Close[0] > MAX(High[20])[1])