Buy candle open strategy help

[Douglee]

This is my "buy candle open strategy" i have posted about before. Its refined now with a proper write up and video example. if anyone is willing to help me make this or wants to make it for me lets me know. i dont have much of a budget for this but i have a small one if anyone wants a couple bucks. I may have to learn how to do it myself also. Anyways just thought i would post and see what happens. Thanks!

VIDEO

https://screenpal.com/watch/cZn66ZVdw3d

WRITE UP

Strategy name: Entry threshold with offsets


This strategy consists of two scenarios. A long scenario and a short scenario.


“+” = amount of ticks above current bar open price


“-“ = amount of ticks below current bar open price


Threshold = profit side offset & loss side offset combined to create a bracket


Profit side offset = current bar open price + (offset value in ticks)


Loss side offset = current candle open price - (offset value in ticks)


Offset values are defined by user in the strategy setup window.


LONG SCENARIO RULES


Profit side offset should have a value range from 0 to +5 ticks in a long scenario in reference to current bar open price



Loss side offset should have a range value of 0 to -5 ticks in a long scenario in reference to current bar open price


If current ask price = (profit side offset value )or (loss side value) or any price in between these two values place a “buy ask order”


If current ask price is > (profit side value) place a “buy limit order” @ (profit side value)


If current ask price is < (loss side value) place a “buy stop limit order” @ current bar open price




If current ask price



SHORT SCENARIO


Profit side offset should have a value range of 0 to -5 ticks in a short scenario in reference to current bar open price



Loss side offset should have a value range of 0 to + 5 ticks in reference to current bar open price



If current bid price = (profit side offset value ) or (loss side value) or any price in between these two values place a “sell bid order”


If current bid price is < (profit side value) place a “sell limit order” @ (profit side value)


If current bid price is > (loss side value) place a “buy stop limit order” @ current bar open price



LONG SCENARIO EXAMPLE


profit side offset value is set to +2

Loss side offset value is set to -2


Candle open price = 100 (in this example)


Ask Price is at 98 when I hit the buy button

buy ask limit order is set @ 98


Ask Price is at 99 when I hit the buy button

buy ask limit order set at 99


Ask Price is at 100 when I hit the buy button

buy ask limit order is set at 100


Ask Price is at 101 when I hit the buy button

Buy ask limit order is set at 101


Ask Price is at 102 when I hit the buy button

buy ask limit order set at 102


Ask Price is at 103 when I hit the buy button

buy limit order set at 102
And any ask price above 102 will be a 102 buy limit order


Ask price is at 97 when I hit the buy

buy stop limit order set at 100
And any ask price below 98 wil be a buy stop limit at 100


Same thing for a short scenario but inverse. So I will sell the bid any bid price below the profit side offset will be a limit order set on the offset and any bid price above the loss side offset will be a sell stop limit at current bar open price

[NinjaTrader_BrandonH]

Hello Douglee,

Thanks for your post.

In the Support department at NinjaTrader it is against our policy to create, debug, or modify code or logic on your behalf. Further, we do not provide C# programming education services in our support. This is so that we can maintain a high level of service for all of our clients as well as our partners.

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