Seeking help with simple strategy

[subrock]

I am new to this and tried to create a strategy to backtest the following-

1. buy 500 shares if the price reaches 3% above the open
2. sell 500 shares if the price increases to 3% above the purchase price(or 6% above the open)
3. sell 500 shares if the price drops back down to the opening price

just a simple breakout strategy I would like to play around with, when I try to backtest I get no results

here is what I have, any help would be greatly appreciated.

#region Using declarations
using System;
using System.ComponentModel;
using System.Diagnostics;
using System.Drawing;
using System.Drawing.Drawing2D;
using System.Xml.Serialization;
using NinjaTrader.Cbi;
using NinjaTrader.Data;
using NinjaTrader.Indicator;
using NinjaTrader.Gui.Chart;
using NinjaTrader.Strategy;
#endregion

// This namespace holds all strategies and is required. Do not change it.
namespace NinjaTrader.Strategy
{
    /// <summary>
    /// Enter the description of your strategy here
    /// </summary>
    [Description("Enter the description of your strategy here")]
    public class Test : Strategy
    {
        #region Variables
        // Wizard generated variables
        private int myInput0 = 1; // Default setting for MyInput0
        // User defined variables (add any user defined variables below)
        #endregion

        /// <summary>
        /// This method is used to configure the strategy and is called once before any strategy method is called.
        /// </summary>
        protected override void Initialize()
        {
            SetStopLoss("", CalculationMode.Percent, -0.03, false);
            SetProfitTarget("", CalculationMode.Percent, 0.03);

            CalculateOnBarClose = false;
        }

        /// <summary>
        /// Called on each bar update event (incoming tick)
        /// </summary>
        protected override void OnBarUpdate()
        {
            // Condition set 1
            if ((GetCurrentBid()) * (1 + 0.03) > Open[1])
            {
                EnterLongStop(500, 0, "");
            }
        }

        #region Properties
        [Description("")]
        [Category("Parameters")]
        public int MyInput0
        {
            get { return myInput0; }
            set { myInput0 = Math.Max(1, value); }
        }
        #endregion
    }

[NinjaTrader_Tim]

Hi subrock,

Thank you for your note.

In the SetStopLoss() there is no need to put a negative value, you can just use 0.03
More info at - http://www.ninjatrader-support.com/H...ml?SetStopLoss

With that change, you will also need a exemption for avoid the error discussed at the following link.
http://www.ninjatrader-support2.com/...ead.php?t=3170

[subrock]

Removing the negative value wouldnt make the stoploss the same amount as the profittarget?

I wasnt receiving errors prior to the change suggested but I did following the link and modified this portion:

protected override void OnBarUpdate()
{
// Condition set 1
if ((GetCurrentBid()) * (1 + 0.03) > Open[Math.Min(CurrentBar, 1)])
{
EnterLongStop(500, 0, "");
}
}

I still cant seem to get any results good or bad when i try to backtest.

Thanks for your time

[NinjaTrader_Josh]

No, when you use SetStopLoss() it is already negative and will always be applied in the correct direction depending on the entry order. All you need to do is say I want 3% as my stop loss and it will handle the rest.

If you aren't getting any trades then I suggest you debug your if-statement. Use Print() and print out the individual components and evaluate it by hand to see if it should ever be true.

[subrock]

thanks I will check this out.