Pause after loss

[RookieKiwi]

Hey Team,
How can i add a delay so if my bot looses a trade it pauses for 1 minute before resuming

[NinjaTrader_ChelseaB]

Hello RookieKiwi,

You can use bools to enable / disable actions like submitting orders.

Below are links to a few examples.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/strategy-development/93881-daily-loss-limit-examples#post93881

https://ninjatrader.com/support/forum/forum/ninjatrader-8/strategy-development/1130921-entering-trade-when-conditions-don-t-happen-simultaneasly?p=1131172#post1131172

In OnPositionUpdate(), you can check the SystemPerformance collection to see if the last trade was a winner or loser.

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

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

For having a 1 minute timer, the easiest way would be adding a 1 minute series with AddDataSeries(),
After the trade is available in the SystemPerformance check if it is a loss and set the bool to true.
In OnBarUpdate() when BarsInProgress is 0, the chart series or primary series, you can have the logic for entering orders.
When the added series updates OnBarUpdate with BarsInProgress with a value of 1, meaning the 1 minute series bar has closed, set this back to false to reset and allow for a new order.

An example of AddDataSeries() is in the help guide as a reference sample.

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

Note, if you are using Calculate.OnPriceChange or OnEachTick, it would also be necessary to check the BarsArray[1].FirstTickOfBar is true as well within the reset condition.

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

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