Ninja Trader Ninja Script HELP!

J

julian0625

Hello,

I recently wrote a strategy that is a counter trend strategy so it looses money when markets are trending hard.

I would like my strategy to stop long / short trades from being re-entered if the prior long / short trade resulted in a loss, but I don't know how to program it into ninja script, as I am used to easy language.

So basically if the last trade was a long trade and it got stopped, I want my strategy to only look for short trades to enter, but once again, I do not know how to program it!

So please, if anyone could help me I would really appreciate it!!!

Thanks guys!

Julian
 
julian0625,

One simple way to do it is keep track of the TradeSignal in a variable and until a reverse signal is generated don't take any more trades.

So, you would do something like:

PreviousSignal = "None"
CurremtSignal = "None"

If LongSignalGenerated {
PrevSignal = CurrentSignal;
CurrentSignal = "Long"
}

If ShortSignalGenerated {
PrevSignal = CurrentSignal;
CurrentSignal = "Short"
}

TakeTradeOnly if (PrevSignal <> CurrentSignal)

This above condition will keep you out of taking trades in the same direction whether Long or Short.

Hope this helps.
 
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