Clarification on stops and targets

[BigNTDiggyD]

Hi! I would like to know if I am testing a strategy using daily bars to govern entries and exits, if I put a profit target into the strategy would it only fill if the close of the next daily bar exceeds the target or will it fill on a touch? If it only takes the profit on a close, is there a way to build and test entering the trade on the close but exiting on an intraday touch of the potential profit target? Thanks!

[NinjaTrader_Jesse]

Hello BigNTDiggyD,

Orders are separate from bars meaning they will fill with the markets granularity in realtime. Actions your script takes like submitting orders or moving targets would be at the rate of the daily bar close if that is the only series being used and you are using Calculate OnBarClose.

In historical data tests you would need to submit orders to a secondary series if you wanted to test filling orders with more granularity while using a daily bar. An alterative would be to use a more granular series as the primary and then reference daily bar data from a secondary series.

https://ninjatrader.com/support/helpGuides/nt8/backtesting_ninjascript_strate.htm

[BigNTDiggyD]

Hello BigNTDiggyD,

Orders are separate from bars meaning they will fill with the markets granularity in realtime. Actions your script takes like submitting orders or moving targets would be at the rate of the daily bar close if that is the only series being used and you are using Calculate OnBarClose.

In historical data tests you would need to submit orders to a secondary series if you wanted to test filling orders with more granularity while using a daily bar. An alterative would be to use a more granular series as the primary and then reference daily bar data from a secondary series.

https://ninjatrader.com/support/helpGuides/nt8/backtesting_ninjascript_strate.htm

Thanks! That is helpful