Buy when bar closes over the high of the recent low bar
Hi
I'm new to the forum and new to the Strategy Builder, but I have read and studied several guides and video tutorials.
I try to build a strategy in Strategy Builder, that buys when the first bar closes over the high of the recent low bar.
First I've tried to build the strategy of the Swing indicator, but I could not make it work, because I failed to define high of the low bar. Then I tried to follow the forum example where the low bar is coloured https://ninjatrader.com/support/foru...-or-x-bar-high
However, eventhough I succeded by defining the low bar, and buy on the next bar that closes over the high of the recent low bar, I fail to make the next buy wait for a new low after the buy either makes it takeprofit or stoploss. The strategy will buy on the higher close. Instead it shall wait on a new low is maded.
Code: Caption
Can it be done - either with this code, or by using the swin indicator? Can you help? :-)
I'm not clear on the condition you are wanting "when the first bar closes over the high of the recent low bar".
You are wanting when the current price (Close of 0 bars ago) crosses above the high price of the bar with the lowest low within a certain number of bars?
My code is set for 14 bars, however, when I use it, it will automaticly open a new buy order, after it has taken profit, instead of waiting until the chart makes a new low. I was wondering, if there were and indicator (swing?) I could use to make this scenario happend?
To understand the behavior of your current conditions Print() the time of the bar and all values used in the condition along with labels showing what each value is.
Below is a link to a forum post that demonstrates using Print() and TraceOrders to understand behavior.
Support for the development of custom automated trading strategies using NinjaScript.
So you want the condition to evaluate as true when the current price (Price -> Close) is greater than the high (Price -> High) of the bar that has the lowest low in the last 14 bars, is this correct?
I have used print, but unfortunately I have not managed to get my code to stop trading every time the condition is met. Is there a method/code which stops trading until there is a new low or high.
Ex.
Close [0] <MAX (Low, Lookback) [10] -> Enter Short
When the trade either takes profit or is stopped out then I want a code/method that waits(/halts the code) until a new low or high is established.
NinjaTrader Community,
A common inquiry is that the Exit on close didn't work in a NinjaScript Strategy because there is a position after the exit on close should have occurred.
When viewing the log we often find that the Exit on close does indeed exit the position shortly before the end of the session (based on the Exit on
It sounds like you are confirming you want a condition 'when the current price (Price -> Close) is greater than the high (Price -> High) of the bar that has the lowest low in the last 14 bars'.
You can use LowestBar() to find the bar with the lowest low in 14 bars.
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