How to... 4 condition strategy

[Mykro]

I'm working on a 4 condition strategy to enter into the market.. long or short... These 4 conditions could all happen simultaneously or happen one at a time until all are true to trigger an entry. I do believe that I will need variables to make this strategy work but I'm not familiar with working with variables.. Could someone point me in the right direction, or post an example of what I'm looking to do..

Thanks
Michael

[im197]

Hello, you could increment a variable every time one of your conditions is true.

When that variable reaches value 4 then execute a trade.

your code could be something like this

int var1, var2, var3, var4, total;

if ( Close[0] > SMA(10)[0])
var1 = 1;
else
var1 = 0;

if ( Close[0] > SMA(20)[0])
var2 = 1;
else
var2 = 0;

if (Close[0] > SMA(50)[0])
var3 = 1;
else
var3 = 0

if (Close[0] > SMA(200)[0]
var4 = 1;
else
var4 = 0;

total = var1 + var2 + var3 + var4;

if (total == 4) EnterLong();

[NinjaTrader_ChelseaB]

Hello Mykro,

It is possible to have multiple conditions in a condition set.

Are you building this with the strategy builder?

Click add to add another condition to the same condition set.

Below is a link to a forum post with helpful information about getting started with NinjaScript. I recommend starting with the Strategy Builder 301 video.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/indicator-development/97575-sample-scripts?p=786040#post786040

[koganam]

Hello, you could increment a variable every time one of your conditions is true.

When that variable reaches value 4 then execute a trade.

your code could be something like this

int var1, var2, var3, var4, total;

if ( Close[0] > SMA(10)[0])
var1 = 1;
else
var1 = 0;

if ( Close[0] > SMA(20)[0])
var2 = 1;
else
var2 = 0;

if (Close[0] > SMA(50)[0])
var3 = 1;
else
var3 = 0

if (Close[0] > SMA(200)[0]
var4 = 1;
else
var4 = 0;

total = var1 + var2 + var3 + var4;

if (total == 4) EnterLong();

Will only work if all conditions are simultaneously valid. Not quite what the OP stated as his want.

[koganam]

I'm working on a 4 condition strategy to enter into the market.. long or short... These 4 conditions could all happen simultaneously or happen one at a time until all are true to trigger an entry. I do believe that I will need variables to make this strategy work but I'm not familiar with working with variables.. Could someone point me in the right direction, or post an example of what I'm looking to do..

Thanks
Michael

First, write out what you want to do in English/pseudocode.
Then translate that into C# code.

Here is some pseudocode that you can use as a start:

[B]A. Declare variables[/B]
bool (initialiize to [I]false[/I]): resetCount, condition1, condition2, condition3, condition4;
int enterCount = 0;

[B]B. Process in OnBarUpdate()[/B]
1. resetCount: /*evaluate reset conditions; set [I]true[/I] if met*/
2. condition1: /*evaluate setup and if met, increment [I]enterCount*[/I]/
3. condition2: /*evaluate setup and if met, increment [I]enterCount[/I]*/
4. condition3: /*evaluate setup and if met, increment [I]enterCount*[/I]/
5. condition4: /*evaluate setup and if met, increment [I]enterCount*[/I]/

6. if [I]resetCount[/I] is [I]true[/I], set [I]enterCount[/I] to zero and return (? do you also want to set [I]false [/I]condition(s) 1 to 4 fields ?);
7. if [I]resetCount is 4[/I], enter trade

You may also want to set resetCount to false, enterCount to zero, and set false condition(s) 1 to 4 fields, after you enter a trade, so that you do not have multiple entries to the same set being satisfied, unless that is actually what you seek. In which case, you have to make alternative arrangements to handle your multiple entries.