Entry Price Generation

[foundr]

Hey!


I'm pretty new to NT - but loving it - and I can't figure something out...

How do you generate a price for entry in a strategy?

I understand you can put in price dependant on OHLC as many ticks back etc

but say I wanted to do something slightly different
for example....

Say I want to place a market order if price moves n% after an indicator goes off [not within a certain time frame]

Is there a simple way of doing this in the Backtesting /Strategy wizard?

I was trying to do something like this in Conditions and Actions
Variable0 = High[0]
Variable1 = 1.05
Variable2 = Variable0 x Variable1
EnterLongLimit(DefaultQuantity, Variable2, "SignalPriceVariable2")

But when I try it - Variable2 defaults to '0'
And nothing happens

Thanks in advance!

[NinjaTrader_Ben]

Hello,

Try Print()'ing out the variable 2 after you do the multiplication but before your order entry. What do you get?

[foundr]

Error msg in Log:


Calculated trail stop price for strategy 'MyStrategyTester' was smaller/equal 0. No trail stop order placed.



Code looks like this now:

Variable0 = High[0];
Variable1 = 1.05;
Variable2 = (Variable1 * Variable0);
PrintWithTimeStamp("Variable2");
EnterLongLimit(DefaultQuantity, Variable2, "SignalLong1");


Could this be due to the fact I'm trying to enter a limit order above market price [perhaps it 'should be' a 'Simulated Stop Order']

Thanks!

[NinjaTrader_Ben]

Hello,

That might be it. Try placing a stop or stoplimit above the market on the buy side or a limit above the market on the sell side and see if that helps.