Place Order at Top of the BAR

[asmmbillah]

Hi,
I have been trying to place long and short order at the top and bottom of the bars . Long at bottom of the green bar (shown on attached photo) and short at the top of the red bar (shown on attached photo). I have been trying to do this for long time, I have tried with stop, limit, MIT everything. But it does not work. I have tried with market playback, nothing happens. If anyone could guide me or advise me on this pls, will be appreciated.

[NinjaTrader_AlanP]

Hello asmmbillah,

Thank you for your note.

From your screen shot this looks like a barstype which is not an accurate representation of price action, likley leading to the issue. What bar type is that?

If you attempt what you're looking to do on a 1 minute chart, are you successful?

I look forward to your reply.

[asmmbillah]

hi,

Thanks for your reply. This is a renko bar. I am attaching a screenshot for ref. When I enable my strategy it shows like the screenshot for previous bars, bar after I enable it, it's a different story. I am trying to achieve placing the long and short orders like the screenshot. brick size 60 and trend threshold 120. Please advise.

[NinjaTrader_AlanP]

Hello asmmbillah,

This would be expected because Renko Bars are not an accurate representation of price behavior.

Renko Bars are manipulated for display and because the open of the renko bar appears on the chart at that price, that is not really where the market may be trading.

This would be the same as Heiken Ashi bars, which I have attached a chart highlighting that point.

If you wanted to run a strategy off Renko Bars, it would be important to add a secondary tick series to submit orders to, so historically you will get realistic historical prices and the entries will be correctly plotted on the chart. You can see the following example for adding a secondary series,

https://ninjatrader.com/support/forum/showthread.php?t=6652

Please let us know if you need further assistance.