Backtest opening position at EOD (using daily bars)

[tradinghumble]

I would like to backtest using EOD bars (stocks) and my entry would be at the end of the day (close price). I coded the strategy but it's entering next bar.

Can anyone help ? Thanks.

[NinjaTrader_ChelseaB]

Hello tradinghumble,

When NinjaTrader is running with Calculate on bar close (COBC) as true, orders are placed after the bar closes using logic calculated from that bar.

Below is a link to the help guide on Calculate on bar close.

http://www.ninjatrader.com/support/helpGuides/nt7/calculateonbarclose.htm

This means that any orders that are triggered from that bar are submitted after the bar closes as the new bar opens. As the order is placed as the new bar opens and the timestamp of the order is within the time of the next bar, the order will show on the next bar.

If the strategy were running with COBC as false, or if the script has intra-bar granularity and submitted orders on a smaller timeframe, this would cause the timestamp of the order to be within the bar it is triggered on as the order may be submitted intra-bar. This order would show on the same bar as the bar that triggered the order submission. Though this would not be possible with the Kinetick End of Day (Free) connection, which does not provide intra-day or real-time data.

This is outlined in the help guide Discrepancies: Real-Time vs Backtest.

http://www.ninjatrader.com/support/helpGuides/nt7/discrepancies_real_time_vs_bac.htm

Please let me know if this does not resolve your inquiry.