Bars Since Entry/Exit

[cupir2]

If using bars since EXIT, if there have been no exits yet, what do you do to initiate the first trade?

[NinjaTrader_ChelseaB]

Hello cupir2,

BarsSinceExitExecution() will return a negative 1 if there have not been any exits.

Below is a public link to the help guide on BarsSinceExitExecution().

https://ninjatrader.com/support/helpGuides/nt8/en-us/barssinceexitexecution.htm

In the condition builder compare BarsSinceExitExecution() to a Misc > Numeric value and set the value to -1 to detect if no exit has been placed.

Check for both BarsSinceExitExecution() and BarsSinceEntryExecution() to both have a value of -1 if you are wanting to detect when there have been no trades.

[DTSSTS]

Using with strategy and OnBarClose and exit set to trigger as below

(BarsSinceEntryExecution(0, "", 0) > 1)

I want to be clear on when it will execute, I know that bar 0 where the 1 is shown would be the entry bar, when we close that bar then we are on bar 1, so greater than 1 will be when the next bar opens

Question - will the exit order be sent instantly when that bar opens and if back testing the exit will calculate on the Open of that bar as well?

Thanks

[NinjaTrader_Jesse]

Hello DTSSTS,

In backtesting everything is run OnBarClose, the order would be evaluated when the bar close is processed and OnBarUpdate is called. The historical fills would pass through the historical fill engine, you can read about that here: https://ninjatrader.com/support/help...lFillAlgorithm

In a realtime situation and if the strategy is using OnEachTick calculation the order could be sent immediately. If you are using OnBarClose processing then the order will be submitted once the bar closes.

[DTSSTS]

(BarsSinceEntryExecution(0, "", 0) > 1)

"once the bar close" is once bar 1 reference above closes, so in this code as soon as the 3 bar of the trade opens the the order is sent

thanks