Stop strategy for 5 minutes after entry

[Uregon]

Hello, how can I make a stop strategy for 5 minutes after last entry ? Thank you

[NinjaTrader_ChelseaB]

Hello Uregon,

To confirm, you want to place an entry and then after 5 minutes submit a exit market order?

If this is a minute chart, you could use BarsSinceEntryExecution() to be greater than 5 in the condition and submit an exit market order.

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

If this is not a minute chart, you could add a 1 minute series with AddDataSeries(), and submit the orders to the BarsInProgress index of that series to trigger the order after 5 bars.

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

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

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

[Uregon]

NinjaTrader_ChelseaB

Hello Chelsea,

no I´m looking for that no trades will be placed anymore for 5 minutes after the last trade.

As example:

15:50 LONG
15:51 ACCEPT NO NEW TRADE SIGNALS
15:52 ACCEPT NO NEW TRADE SIGNALS
15:53 ACCEPT NO NEW TRADE SIGNALS
15:54 ACCEPT NO NEW TRADE SIGNALS
15:55 WAIT FOR NEW TRADE SIGNALS

[NinjaTrader_ChelseaB]

Hello Uregon,

You can use BarsSinceExitExecution() greater than 5 to prevent calling the entry order after the last trade exit on a 1 minute series.

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

[Uregon]

NinjaTrader_ChelseaB

Hello Chelsea,

in this code a trade must be closed that this is triggered.

But I´d like to look for a code where also an open order will be considered.

15:50 Strategie placed order 1 LONG

5 minutes locked
15:51 ACCEPT NO NEW TRADE SIGNALS (LONG 1 is still open)
15:52 ACCEPT NO NEW TRADE SIGNALS (LONG 1 is still open)
15:53 ACCEPT NO NEW TRADE SIGNALS (LONG 1 is still open)
15:54 ACCEPT NO NEW TRADE SIGNALS (LONG 1 is still open)

5 Minutes are over
15:55 WAIT FOR NEW TRADE SIGNALS (LONG 1 is still open)
15:56 WAIT FOR NEW TRADE SIGNALS (LONG 1 is still open)
15:57 WAIT FOR NEW TRADE SIGNALS (LONG 1 is still open)

15:58 Strategie placed order 2 LONG (LONG 1 + Long 2 is open)

5 minutes locked
15:59 ACCEPT NO NEW TRADE SIGNALS (LONG 1 + Long 2 is open)
16:00 ACCEPT NO NEW TRADE SIGNALS (LONG 1 + Long 2 is open)
16:01 ACCEPT NO NEW TRADE SIGNALS (LONG 1 + Long 2 is open)
16:02 ACCEPT NO NEW TRADE SIGNALS (LONG 1 + Long 2 is open)

5 Minutes are over
16:03 WAIT FOR NEW TRADE SIGNALS (LONG 1 + Long 2 is open)

and so on...

[NinjaTrader_ChelseaB]

Hello Uregon,

A Trade has two orders, an entry and an exit. It's not a full trade if there is an entry and no exit, instead that is an open position.

"no I´m looking for that no trades will be placed anymore for 5 minutes after the last trade."
Is this actually what you want?

You can check both the bars since entry and bars since exit are both 5..

[jeronymite]

Uregon If you literally just want to place an Order and then immediately wait 5 minutes before accepting any other Orders, why not just check clock times?

For example (untested code, but should be easy to test/modify):

...
TimeSpan WaitPeriod = new TimeSpan(0,5,0);   // Set this to any value you want, defaulting to 5 mins here
DateTime MostRecentOrderSubmitTime = DateTime.Now - WaitPeriod;    // Subtract the WaitPeriod to start with so the first Order is not blocked
...
// Check if the WaitPeriod has passed, then OK to submit or any other action you want after that time ...
if (DateTime.Now >= MostRecentOrderSubmitTime + WaitPeriod)    // At least 5 mins has passed, so OK to Submit or other actions
{
    // Submit in whatever way you want, then ...
    MostRecentOrderSubmitTime = DateTime.Now;
}
...

This way ensures you have a clock-based wait period that is independent of any other trade criteria, DataSeries, etc.

Hope that's useful.

Thanks.