NinjaTrader_Josh
09-06-2007, 01:49 PM
A common concept many traders use is the idea of a breakout. Points of interest are when the price breaks out from a consolidation range or from previous highs and lows.
The attached reference sample demonstrates the following key concepts:
Determining and storing the first 30 bar high
Submitting a long stop order to be filled when price breaks out from the 30 bar high
Closing positions after a certain amount of bars have passed
Resetting the 30 bar high at the start of every new trading session
Important methods and properties used include:
FirstBarOfSession (http://www.ninjatrader.com/support/helpGuides/nt7/firstbarofsession.htm)
BarsSinceSession (http://www.ninjatrader.com/support/helpGuides/nt7/barssincesession.htm)
BarsSinceEntry() (http://www.ninjatrader.com/support/helpGuides/nt7/barssinceentry.htm)
Other methods and properties of interest include:
BarsSinceExit() (http://www.ninjatrader.com/support/helpGuides/nt7/barssinceexit.htm)
Import instructions:
Download the file contained in this thread to your PC desktop
From the Control Center window, select the menu File > Utilities > Import NinjaScript
Select the downloaded file
The attached reference sample demonstrates the following key concepts:
Determining and storing the first 30 bar high
Submitting a long stop order to be filled when price breaks out from the 30 bar high
Closing positions after a certain amount of bars have passed
Resetting the 30 bar high at the start of every new trading session
Important methods and properties used include:
FirstBarOfSession (http://www.ninjatrader.com/support/helpGuides/nt7/firstbarofsession.htm)
BarsSinceSession (http://www.ninjatrader.com/support/helpGuides/nt7/barssincesession.htm)
BarsSinceEntry() (http://www.ninjatrader.com/support/helpGuides/nt7/barssinceentry.htm)
Other methods and properties of interest include:
BarsSinceExit() (http://www.ninjatrader.com/support/helpGuides/nt7/barssinceexit.htm)
Import instructions:
Download the file contained in this thread to your PC desktop
From the Control Center window, select the menu File > Utilities > Import NinjaScript
Select the downloaded file