Continously Update Long Position Until Its The Absolute Bottom In The Trendline

[laner107]

So this strategy is entirley meant to be just for historical data and what not, not meant to be traded real time, ideally what I am trying to do is buy at the bottom of every support line for a given trend, here is a picture of what it currently does:


So the red is where I need to be long and then just close say 2 points after, I have this for the most part but the stop loss is generally my problem now. I basically need to enter a position with say a 2 tick stop loss, if it hits the stop loss then it wasnt the "absolute bottom", thus I re enter the trade and sit another 2 tick stop loss, this occurs until it goes back up and hits the take profit. Currently I use Bollinger bands to measure the trend, here is my current code:

 public class LabeledDataStrategy : Strategy
{
private Bollinger Bollinger20;
private int totalContracts = 1;
private int counter = 0;
public double ConvertToEpochTimestamp(DateTime dateTime)
{
DateTime origin = new DateTime(1970, 1, 1, 0, 0, 0, 0, DateTimeKind.Utc);
TimeSpan diff = dateTime.ToUniversalTime() - origin;
return Math.Floor(diff.TotalSeconds);
}
protected override void OnStateChange()
{
if (State == State.SetDefaults)
{
Description = @"LabeledDataStrategy";
MaximumBarsLookBack = MaximumBarsLookBack.TwoHundredFiftySix;
Calculate = Calculate.OnEachTick;
BarsRequiredToPlot = 15;
Name = "LabeledDataStrategy";
period = 5;
stopLoss = .5;

}
}

protected override void OnBarUpdate()
{
if(counter == 0)
{
counter++;
}

if (Position.MarketPosition == MarketPosition.Long)
{
if (Close[0] >= Position.AveragePrice + 8 * TickSize)
{
ExitLong("LONG");
}
}
double lower = Bollinger(2, period).Lower[0];

if (Position.MarketPosition == MarketPosition.Flat)
{
if (Close[0] - lower <= .5 || Low[0] <= lower)
{
EnterLong(totalContracts, "LONG");
SetStopLoss(CalculationMode.Ticks, 1);
}
}
}

[NinjaScriptProperty]
[Range(1, int.MaxValue)]
[Display(Name = "period", Order = 1, GroupName = "Parameters")]
public int period
{ get; set; }


[NinjaScriptProperty]
[Range(1, int.MaxValue)]
[Display(Name = "stopLoss", Order = 1, GroupName = "Parameters")]
public double stopLoss
{ get; set; }



}

What is the best way to achieve this, basically if(stopped out){ buy in with stop loss again}. To reiterate this is not for live trading nor is this for probability or profit, just historical data related, any help would be appreciated!

[NinjaTrader_ChelseaB]

Hello laner107,

Our support team is not able to write the logic on your behalf but we can help you to use prints to understand why the behavior is not as you expect.

What is the current behavior that is unexpected that has you stuck?

Is the entry being placed at the correct time and place?

One note, set methods should be called before the entry is submitted.

SetStopLoss(CalculationMode.Ticks, 1);
EnterLong(totalContracts, "LONG");

With the stop, this being submitted 1 tick from the entry price is highly likely to fill instantly, is this the behavior that is unexpected?

Are you having trouble submitting a new entry when the stop loss is filled?