Switching between long & short positions with X number of counter-tendency bars

[Yasharandom]

Good day, great people!

I'm looking to backtest a strategy that I'm not being able to actually program. I'm using Strategy Builder on a demo account for now, and I would prefer not to unlock code (except if it's needed for what I want to accomplish).

I would love to have some guidance to make the program enter a short position (closing all the current long orders) if X number of bearish candles appear, and entering in a long position (closing all the current short orders) if X number of bullish candles appear. And it's very important that the configuration adapts to my own chart settings (I clarify this in case this is not done by default: I think it should do that, but I'm not absolutely sure about it).

I'll look forward to any tips. Thank you so much in advance for your time and effort!

[NinjaTrader_Gaby]

Hello Yasharandom,

Thank you for your inquiry.

You could create a custom series to use as an event counter. The event in this case would be detecting a bullish (or bearish) candle. You may need two custom series to count these two separate events.

The forum post linked below has an example script demonstrating using a series to count an event. The event counted is when a fast moving average crosses above a slow.

https://forum.ninjatrader.com/forum/ninjatrader-8/strategy-development/1099177-increment-or-counter-in-the-strategy-builder?p=1099186#post1099186

Please let us know if you have any further questions.

[Yasharandom]

Hello, Gaby.

Alright, I'll do so if I need further help. Thanks!