Possible to enter/exit during the day with a daily strategy?

[cunparis]

I would like to program an strategy that uses daily data. The catch is I'd like to be able to exit during the day if a certain condition is met. Is this possible with a daily time based strategy? I was thinking I could make my strategy work for daily, and I could add a 10 minute data series to make it a multi-time strategy.

The problem is if say at noon (10 minute data) I want to exit.. will the exit happen on the next 10 minute bar or the next daily bar? I actually tried this and it seemed that the exit would be on the next daily bar.

So I tried making a 10 minute strategy adding 1 day data as a second data series. This is a bit more flexible so I'm probably going to go with this, but it's a bit more complicated as well.

Which is the recommended approach?

Thanks

[NinjaTrader_Bertrand]

Hi Cunparis,

Thanks for your post.

This is a good approach if you run the daily as your primary chart and the 10 min as the secondary.

Please also review this link here - http://www.ninjatrader-support.com/v...ead.php?t=6652

Have a great weekend!

[cunparis]

Originally Posted by NinjaTrader_Bertrand

Hi Cunparis,

Thanks for your post.

This is a good approach if you run the daily as your primary chart and the 10 min as the secondary.

Please also review this link here - http://www.ninjatrader-support.com/v...ead.php?t=6652

Have a great weekend!

Thanks for that link, that is very helpful. Particularly:

EnterLong(1, 1, "Long: 1min");

This method with these parameters is not documented in the helpful! I didn't know it existed.

This explains why my entry on 10 minute bar didn't happen until the day after. I think this gives me enough info to let me implement my strategy.

Thank you very much, you've made my weekend great!

PS: You may want to update the EnterLong help page to show this extra parameter. I know it's on the advanced orders update page but if one didn't see the advanced orders help page one wouldn't know it was even possible.