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Using 2 different datasets: entry on Daily, manage on 1 minute
Broker: Tradestation/Tradestation, NinjaTrader, FXCM and Tallinex
Trading: ES, CL, EUR/USD, TF
Posts: 173 since Aug 2009
Thanks Given: 105
Thanks Received: 61
Hello,
I know it is possible to do this since anything is possible in C#, however, I dont know how hard it would be or how accurate the results.
Basically I am developing a trading strategy in which I enter off of the Daily Chart---a simple entry with a moving average and perhaps a CCI and RSI, etc..
Then, I wanted to be able to manage my position. So, I wanted to then move to the 1 minute chart since Ninja Trader does not allow you to look intraBar like I heard Multicharts does.
So, when I think about having 3 CSV files: daily data, 1 minute data, and currentPosition.csv, it makes sense---I have not done it yet, but it seems easier to not use Ninja.
However, when I think about NinjaTrader, I seem to get a little lost since we are dealing with other things like the chart and functions involved with that.
I obviously wanted to show a picture, so I would like to do it in NinjaTrader. Does anybody have any ideas?
thanks
Spencer
Can you help answer these questions from other members on NexusFi?
You can just code a strategy in NinjaTrader. The strategy can either be used for automated entries and exits, or alternatively, if you prefer manual execution to plot the entry and exit signals on your chart and/or to trigger sound alerts.
Broker: Tradestation/Tradestation, NinjaTrader, FXCM and Tallinex
Trading: ES, CL, EUR/USD, TF
Posts: 173 since Aug 2009
Thanks Given: 105
Thanks Received: 61
thanks Fat Tails, but this is mostly for testing so I can't do it manually. I would like to code it in Ninja, however, not sure how it would work out since I am dealing with 2 different time frames----the daily for entry, and the 1min for exit----because the exit is based on price and not close of bar, so the price can occur inside the bar.
If you are running a strategy real-time, the daily timeframe is critical, as you will not get daily data just-in-time, but with a delay. I would calculate daily data from intraday data, by using the appropriate session template. That way I would load a single 1-min bar series into my strategy.
You can achieve intrabar execution by loading a second bar series, say a 10-tick bar series. But this will take quite some resources, if you are running a backtest. It really depends on what you want to do.
