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How to Buy an upclose or Sell a downclose


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  #1 (permalink)
JeffNLisa
Apple Valley, CA
 
Posts: 7 since May 2018
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Ninja 7, how to buy an upclose or sell a downclose? I don't want to get in BEFORE the close of the current bar, but if I wait until the new bar is already started I can't get in where I want to. How can I make the order executes right at the close of the bar?


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  #2 (permalink)
 SidewalkAerobics 
Los Angels
 
Experience: Intermediate
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JeffNLisa View Post
Ninja 7, how to buy an upclose or sell a downclose? I don't want to get in BEFORE the close of the current bar, but if I wait until the new bar is already started I can't get in where I want to. How can I make the order executes right at the close of the bar?

Entering "next bar" at market causes slippage between the ask and bid. But entering at market should get filled.

Entering "next bar" on a limit at this bar's close does not guarantee entry. But a limit order should not have slippage.

You could try buying "next bar" with a "market if touched" limit order at one tick below this bar's close. No guartees of fill or fill price, but it gives you a chance to enter on this bar's close.


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JeffNLisa
Apple Valley, CA
 
Posts: 7 since May 2018
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SidewalkAerobics View Post
Entering "next bar" at market causes slippage between the ask and bid. But entering at market should get filled.

Entering "next bar" on a limit at this bar's close does not guarantee entry. But a limit order should not have slippage.

You could try buying "next bar" with a "market if touched" limit order at one tick below this bar's close. No guartees of fill or fill price, but it gives you a chance to enter on this bar's close.


That sounds great, and thank you for responding. How do I tell it to enter "next bar" ?


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  #4 (permalink)
 
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 Daytrader999 
Ilsede, Germany
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JeffNLisa View Post
That sounds great, and thank you for responding. How do I tell it to enter "next bar" ?

There are several 3rd party add on tools available which enable you to buy/sell/close on up/down close of any given bar type.

They are e.g. available from ninZa.co and Right Line Trading (NDT Platform tool)....and there might be some other vendors as well.


"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #5 (permalink)
 SidewalkAerobics 
Los Angels
 
Experience: Intermediate
Platform: MultiChart
Trading: Emini ES
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JeffNLisa View Post
That sounds great, and thank you for responding. How do I tell it to enter "next bar" ?

For powerlanguage the code is "Buy 1 contract next bar at close-.25 limit;". If Ninja is different, perhaps someone else can help.


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