Exit Conditions

[ark321]

Hi,

I've built a strategy using strategy builder and tested successfully with fixed target and stop.

I'd like to add an exit condition as per the below logic. Any idea how do I add to the existing code? Appreciate the help

Close Buy: If 3 POSITIVE MACD histogram bars close. One closes, then the next closes
lower, then the next closes lower.

Close Sell: If 3 NEGATIVE MACD histogram bars close. One closes, then the next closes
higher, then the next closes higher

[NinjaTrader_PaulH]

Hello ark321,

Thanks for your post.

In a new set(s) in your strategy, you would add the condition that checks for the market position being long or short. Reference: https://ninjatrader.com/support/help...ionComparisons

In addition, you would check the Macd.diff plot for the 3 bars. I've added a screenshot of what the long side would look like. Note that you have to select the "Diff" for the value plot each time and note that you have to set the "Bars ago" . For your understanding, bars ago of 0 is the current bar, 1 is the previous bar and 2 is the bar before that.
For the exit order, you could select Order Management> Exit long position under the do the following section.

[ark321]

This helps! Thanks a lot.

[ark321]

btw, do you enter the entry conditions and exit conditions in two separate tabs (Set1, Set 2 )?

[NinjaTrader_PaulH]

Hello ark321,

Thanks for your reply.

Typically yes you would have entry conditions and entry method in one set and another set with exit conditions and the exit method.