Exit on session close preventing opening a position?

[philmg]

Hi,

let's assume I have set my strategy to exit on session close 15 mins before the close. Would this setting also prevent a new position to be opened within these last 15 mins, when my entry criteria are true?

[NinjaTrader_Jesse]

Hello philmg,

No that will only exit the position, if your entry condition becomes true again it will enter again. To avoid that you would want to add a time condition to your entry logic to make sure it can only place trades during a specific window of time.

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

https://ninjatrader.com/support/helpGuides/nt8/index.html?strategybuilder_condition_builder.htm#HowToCreateTimeFilters