Strategy with uni-renko

[lorenzoP]

Hi, is possible to set the stop loss not in pip but for example when there are 2 bar of opposite value? (i know i could just sum the value of reversal bars, but there is too much noise that get me out too early, even if the bar are not "completed" ; and so i should set a too big stop loss)

[NinjaTrader_ChelseaB]

Hello lorenzoP,

This would likely not be a set price so you would need to use logic to set the price of the order.

You could have a condition trigger a market order to exit the position.

To check that a bar is a down bar, check that the Close is less than the Open. Use 1 as the BarsAgo index to check this for the previous bar.

For example to check that the previous bar was a down bar you could write:
if (Close[1] < Open[1])

You could also set a stop market or stop limit order far below the bar, and then when the condition is true, change the price of the stop order to be the current bid price for a sell exit or the current ask price for a buy exit (depending on the direction of your position).

Below is a link to an example script that changes the price of a working stop order.

http://ninjatrader.com/support/forum/showthread.php?p=502993#post502993

[lorenzoP]

but, could i do it with strategy builder?

[NinjaTrader_ChelseaB]

Hello lorenzoP,

With the Strategy Builder you can create a condition that compares the close to the open of the previous bar and you are able to submit a market order.

Also using the Strategy Builder it is possible to use an Exit order like ExitLongStopLimit() and change the price of this order after it is working.

I've ported an example I created for NinjaTrader 7 to NinjaTrader 8 to demonstrate this with the Strategy Builder.

The NT7 version can be found in the thread linked below.
http://ninjatrader.com/support/forum...458#post381458