Feature: Wait X Bars from Last Exit

Benefits: Avoid continued entry and/or exit, possibly in market conditions that are not suitable for the trading strategy. 

We code a log of NinjaTrader strategies... and we like to provide tips for other developers or traders wanting to create custom strategies for NinjaTrader. 

Sometimes the market doesn't always respond well to your algo strategy... In that situation, you want to avoid entry, often for money management and controlling your trading strategy. We use a special feature within NinjaTrader for this.

We include this feature within all of the Epic NinjaTrader Indicators and strategies but you can reference the same code below:

Within OnStateChange()

BarsRequiredBeforeReEntry = 5;

Within Properties:

[NinjaScriptProperty]
[Display(Name = "Bars Required Before ReEntry", Order = 1, GroupName = "NashTech Order Entry")]
public int BarsRequiredBeforeReEntry
 { get; set; }

Within OnBarUpdate:

 if (BarsSinceExitExecution() != -1)
                {

        BarsSinceExit = BarsSinceExitExecution();
           
                    if (BarsSinceExit < BarsRequiredBeforeReEntry)
                    {
                        if (EnableDebugMode == true)
                        {
                            Print("We should only be here if bars required before re-entry is less than bars since exit");
                            Print("Bars Since Exit Execution:" + BarsSinceExit);
                            Print("Required Before ReEntry:" + BarsRequiredBeforeReEntry);
                            Print("Time of Skipping order:" + Time[0]);
                        }
                    
                        BarBrushes[0] = PendingBrush;

                        return;
                    }

                }

Questions? Leave a comment! 

-Chad

All subscribers and lifetime license users get the latest templates to install based on our weekly optimization results. If there is an instrument you want the most recent template for, just ask! For trial users all templates are about 30 days old.

Often we get requests to help with Ninjascript / NinjaTrader 8 indicators and strategies that do not always fit within our required work for engagement... This does not mean we don't want to be helpful! We always encourage algo trading and want to help novices and customers alike with best practices. We will continue to work on videos but are also planning weekly videos on best practices. 

Within each of our custom NinjaTrader straegies we often include some basic setup configurations... These include:

• Wait X Bars from new trading day
• Wait X Bars from last exit
• Exit after X Bars 
• Setup Stop Loss to Breakeven after X Bars
• Exit after reverse tail (topping / bottoming wick/tail)

Trading crypto futures with NinjaTrader and Epic Bounce strategy. 

Great example that outlines two short entries for Epic Profits 3 bar and 4 bar play against MNQ on a 3 min chart.

Epic Profits is based on intrabar trade strategy for NinjaTrader which looks initially for a significant engulfing bar (potentially with higher and increasing volume)... Then waits for bar two or three to not go too high past the first engulfing bar, and also not lower than roughly 50% of the previous bar. At this point a market or stop market order is placed on bars 3 or bars 4 if a new higher high (for a long entry) is reached. 

Many of the variables and specifications align with a mentor and stock guru Jared from live traders (special thanks Jared!). You can find how he designs the trade setup here:

https://www.youtube.com/watch?v=Gjj_L0gbUdg

https://www.youtube.com/watch?v=rQmGWPqfG5s&list=PLtwMG9NpaD7QOh50pwmXqjGMzsAojso-w&index=3

https://www.reddit.com/r/Daytrading/comments/hch901/3_bar_play/

Would love to hear everyone feedback or screenshots of trading the 3 bar play with Epic Profits! 

Epic Bid, is a strategy which keeps an ongoing bid price for your instrument based on the lowest price of the last “x” bars. You can define optional settings such as price offset (above or below that price). 

 This first video covers only a brief summary of Epic Bid indicator and Epic Bid Strategy for NinjaTrader 8. Please check the blog and comments for upcoming videos on NinjaTrader 8 strategy optimzation and best practices with Epic Bid.