ninjatrader strategy
Budget: $250 – $750 USD
i am looking to build the following strategy inninjatrader :
Okay, so the strategy would be like this:
Entry Conditions:
The entry is triggered based on the trend of the market which is based on curent bar close and nxt bar open basically also based on xxticks if set for exemple at 5ticks we are going long the entry should be (current price - 5 ticks (XXTICKS)) and above current price ( current price+ 5 ticks (XXTICKS)) when we enter short if XXTICKS=0 we enter at current price .
Exit Conditions:
The only exit condition is when the price reaches the pre-set stop loss or profit target.
Stop Loss and Profit Target:
Both, the stop loss and the profit target, are pre-set and should be configurable.
Additional Operation Logic (BBTICKS):
The strategy will initially make a purchase of 1 lot.
If the price action goes against the entry by the number of ticks set in "BBTICKS", the strategy should automatically place another limit buy order at the same previous entry price.
The size of this new entry will be four times the previous size (for example, if the previous entry was 1 lot, the new entry will be 4 lots).
If the price returns to our entry point and the new order is filled, but it doesn't hit our profit target and goes back against the entry reaching the BBTICKS, the strategy will place another limit buy order exactly at our entry point. This time, the entry size will be four times the previous size (for example, if the previous entry was 4 lots, the new entry will be 16 lots).
This process will continuously repeat: each time the price goes against the entry and reaches the BBTICKS, a new limit buy order will be placed with a size that's four times the previous size, until the profit target or stop loss is hit.
Okay, so the strategy would be like this:
Entry Conditions:
The entry is triggered based on the trend of the market which is based on curent bar close and nxt bar open basically also based on xxticks if set for exemple at 5ticks we are going long the entry should be (current price - 5 ticks (XXTICKS)) and above current price ( current price+ 5 ticks (XXTICKS)) when we enter short if XXTICKS=0 we enter at current price .
Exit Conditions:
The only exit condition is when the price reaches the pre-set stop loss or profit target.
Stop Loss and Profit Target:
Both, the stop loss and the profit target, are pre-set and should be configurable.
Additional Operation Logic (BBTICKS):
The strategy will initially make a purchase of 1 lot.
If the price action goes against the entry by the number of ticks set in "BBTICKS", the strategy should automatically place another limit buy order at the same previous entry price.
The size of this new entry will be four times the previous size (for example, if the previous entry was 1 lot, the new entry will be 4 lots).
If the price returns to our entry point and the new order is filled, but it doesn't hit our profit target and goes back against the entry reaching the BBTICKS, the strategy will place another limit buy order exactly at our entry point. This time, the entry size will be four times the previous size (for example, if the previous entry was 4 lots, the new entry will be 16 lots).
This process will continuously repeat: each time the price goes against the entry and reaches the BBTICKS, a new limit buy order will be placed with a size that's four times the previous size, until the profit target or stop loss is hit.