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That would be a nice little project for someone who wants to learn how to code a strategy in Ninjatrader.
I would add a few more rules to the strat. given the example provided:
inventory Retracement Bar
1) Minimum of 6 to 8 bars before the break out occurs
2) range of the body of the bars forming the retracement should be small in comparaison to the down bars
3) a bar should close below the previous bar when the trend resumes but before the BO occurs
4) if a Fair Value Gap occurs when the trend resumes it is a good sign (could be a mandatory rule)
5) range of body should increase when the trend resumes again before the BO occurs.
A) The stop should be placed above the high pivot of the retracement
B) The target should be 1.5 to 2x the size of the stop
I tried to make it a strategy on ninja builder, it's promoter. except that I can't separate the up retracement bar (green) from the down retracement bar (red). this induces causes re-entry down below the up retracement.
Has anyone managed to separate them?
First of all, thank you for this indicator, I really appreciated it, except that I couldn't modify it (too complex for me)
So my strategy (rather that of rob hoffman) is the following:
1. In an uptrend the price exits with a 45° degree moving average
2. In this configuration look for the IRB up (i.e. the one that draws a green line in your IRB)
3. Once the price crosses the green line enter with a buy order
The same for shorts
So my problem is:
When I integrate the indicator on ninja builder to automate the strategy, ninja does not differentiate between an IRB UP green and an IRB down RED in it makes too many bad entries.
I thought of separating the indicator on 2, that is to say an IRB which draws the green lines for the UP configuration and another for the down configuration.
I tried to detail my strategy well I will be available for any explanation
And again, thank you so much for sharing your knowledge.
first of all I would like to thank you and congratulate you for your indicator and your voluntary efforts.
you asked me about my strategy and that you can help me it made me very happy, your indicator and the way it is coded is great just that I'm bad at coding so I couldn't change it, even nobody around me could change it.
I send you attached photos of the strategy and the chart
but briefly, here is my strategy for the long:
1-be above the robhoffman moving average (free indicator)
2-exceed the green bar retracement
the problem is that ninja will not be able to tell the difference between the green and red bare retracement.
I hope I was clear and precise.
I've been testing manually for 3 months, it's very promising, especially with the addition of fast stoch (1.4) to target good returns.
my hope is to build on ninjabuilder. and it will be perfect if your indicator gives the possibility to filter the red and green lines or to divide it into two, a green indicator and another red.
I hope that's not too much to ask of me.
but at the same time I hope it will help you an everyone to apply this strategy for your own benefit