Take one order per cross over

[Seastragg]

Hi,

Is there any logic that would tell a strategy to only take one trade per Moving Average crossover once specific parameters are met? IE. if there's a cross over(long or short) and all my setup conditions are met, take the trade, and if there's another set of conditions met in the same direction, to not take that trade?

Cheers,
Seastragg

[NinjaTrader_Kate]

Hello Seastragg,

Thank you for your post.

What is your entries per direction setting for the strategy? You can find this in the strategy parameters. Setting entries per direction to 1 would make it so that the strategy can only have one open trade in the same direction at once (it doesn't matter the quantity of the trade, only that there's only one entry).

Here's a link to our help guide regarding EntriesPerDirection:

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

Please let us know if we may be of further assistance to you.

[Seastragg]

Perfect Thanks!

[Seastragg]

I might have jumped the gun on reading it too fast. If I'm reading it correctly, it will only prevent orders from being taken if you are already IN the market? What I'm looking for is a way to prevent any subsequent entries in a particular direction (regardless if they meet my criteria or not) so that if there is a crossover, it will only take 1 short and aim for a target until it crosses back (even if there are 3 more trades valid in that direction) and then it will only take 1 long once the criteria is met.

Is there any logic to help with that scenario?

[NinjaTrader_Kate]

Hello Seastragg,

Thank you for your reply.

Absolutely. You could use a bool that gets set to true when a trade is taken, then reset it to false when a new crossover happens, and add a condition that the bool has to be false in order to place the trade - that'd be the simplest way I can think of.

I've attached a similar example strategy (it's a Strategy Builder strategy, but if you like you can unlock the code). This should help you get the idea of how this could be set up.

Please let us know if we may be of further assistance to you.