Help with completing very simple NT8 strategy.

February 18th, 2023, 01:40 AM

I am having trouble writing a very simple ninjatrader 8 strategy in the strategy builder.

I am trying to write it for instrument NQ on a 1000 tick chart, but would like this to be modified by the user to be able to select any instrument and any chart type/time frame

The parameters/conditions are;
Trading hours between 8 AM and 4 PM EST
Enter long position if tick bar close above 50 period SMA
Enter short position if tick bar close below 50 period SMA

inital profit target set at 120 ticks
initial stop loss set at 80 ticks
(I would like the user to adjust these profit target and stop loss values)

and I would like the strategy to not enter a new long until a short position is triggered (this is the part I am getting hung up on) right now I have been trying to write this strategy but after it hits profit target it enters a new long trade after that bar close because it is still above the 50 SMA and vice versa for the short side

I'd like the strategy to be able to "reset" itself so that it does not enter a new trade after profit target until it closes back over the other side of the 50 period SMA.

Any and all help would be greatly appreciated.

February 18th, 2023, 05:44 AM

tonybeans

I am having trouble writing a very simple ninjatrader 8 strategy in the strategy builder.
...
and I would like the strategy to not enter a new long until a short position is triggered

Here you are, flip-flop fashion.

NOTE: I also tried to add dynamic StopLoss and TakeProfit (say, based on ATR) but this seems not allowed in the strategy builder:
https://forum.ninjatrader.com/forum/ninjatrader-8/strategy-development/1142876-stop-loss-and-profit-target-based-on-atr?p=1142942

Help with completing very simple NT8 strategy.

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Help with completing very simple NT8 strategy.