trade based on previous price

[ampf27]

I'm trying to get some help on strategy builder on how to build a strategy that if Open[0] > Open[1] go long and if Open[0] < Open[1] go short. However with the condition that can be seen on the attached image strategy2.png I get the output that can be seen on the attached image strategy.png. I need that once placed the strategy it runs unitl the opposite condition verifies and not place an order in every single bar.

I was looking for some advice and please don't redirect me to any link or video because I already have seen them and I still don´t get how to bypass this.


Thank you

[NinjaTrader_ChrisL]

Hi ampf27, thanks for posting.

It seems your trailing stop is not configured properly. I attached a strategy that does the same thing with a 20$ trailing stop. Please see attached.

Kind regards,
-ChrisL

[ampf27]

Thank you very much


This is what I was looking for.

[ampf27]

Tell me please the 20usd trailing stop is per entry/contract or is total amount?

[NinjaTrader_ChrisL]

Hi ampf27,

The stop loss will be applied per entry. If you submit two entry orders, there will be a unique stop for each entry. If you submit a 2 lot order, there will be only 1 stop.

Kind regards,
-ChrisL

[ampf27]

So, if I trade lets say, 2 contracts, its a stoploss of 20usd for that order and not 20usd for each of the contracts (40usd) right?

[NinjaTrader_ChrisL]

Hi ampf27, yes the 2 contract order will have a stop of 20 dollars.

[ampf27]

Thank you once again for the support