How to enter on OPEN exit on CLOSE of current bar using Strategy Builder Wzard?

[CalvinGlover]

I'm sure it's obvious once you know how to do it, but I can't figure it out. Using one-minute bars and a condition of (previous bar = Bearish Engulfing candlestick) I want to sell the open of the current bar and exit by buying the close of the current bar.

[NinjaTrader_ChrisL]

Hi Calvin, thanks for writing in. This will require the use of IsFirstTickOfBar. The first set will be if(IsFirstTickOfBar == true && <entry condition>) and the exit will be

if(Position.MarketPosition == MarketPosition.Long(or Short)) and the strategy will keep track of the current bar by using a variable. I have an example of this here:

https://ninjatrader.com/support/foru...ce#post1190417

To check the market position, select "Current Market Position" on the left side, and then "MarketPosition>Long" on the right side. IsFirstTickOfBar can also be found in the Misc folder.

Kind regards,
-ChrisL

[CalvinGlover]

I was only able to follow some of what you said. Here is what I was able to put together:

SET !
IfFirstTickOfBar = True
CandleStickPattern(ChartPattern BearishEngulfing, 4)[0] = 1
Do the following
EnterShort(DefaultQuantity, "").

SET 2
BarsSinceEntryExecution(0, "", 0) = 0
Do the following
ExitShort(DefaultQuantity. "")

It seems to do what I want. Would you please take a look at it and let me know if there's anything else I need to do?
Many thanks for your help. Calvin

[NinjaTrader_ChrisL]

Hi Calvin, I sent you an example that demonstrates how to detect when a bar has changed. The exit should be when the ActiveBar changes AND MarketPosition == Long.

[cbrowder1]

I am not sure how to create a new thread. But here is my question. Can you create a strategy that allows you to Enter a trade on the close of one bar and Exit on the next bar close?

[NinjaTrader_ChrisL]

Hi, thanks for posting, The builder is able to read the first tick of the bar using IsFirstTickOfBar, so you will need to run the script with Calculate = OnEackTick to enter the market at the start of the bar. I have a related example here for you to reference:

https://ninjatrader.com/support/forum/forum/ninjatrader-8/strategy-development/1190304-using-intrabar-tick-data-but-entry-only-once#post1190470

Unfortunately, I do not have a ready-made example of what you are asking about specifically.