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UniRenko bar question
Started: by mrclean866 Views / Replies:220 / 4
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UniRenko bar question

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indianaplis, IN USA
 
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UniRenko bar question

I'm hoping someone see's this and can give me some insight. I'm using the Unirenko bars but am having an issue with them. When a new bar forms, the close of the bar and the open of the new bar is off by several points. Using ninja strategy wizard is very hard as the price I could get manually vs automatically is off by so much. I've even tried to go about making the strategy use a tick below/above the previous bar and it is still off by several points. Ninja can't help out since it is a custom bar type. Can anyone help? Thanks

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This is typical about unirenko bars.
Best is to use live data or replay and use the price data that comes in, not the high/low of the bar.

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So there is essentially no way to accurately use them in an auto strategy? I'm assuming not, but just checking. From what I've tried myself, and even some people that code they can't seem to get it to work as the bars open at such varying prices. Thanks for your reply!

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mrclean866 View Post
So there is essentially no way to accurately use them in an auto strategy? I'm assuming not, but just checking. From what I've tried myself, and even some people that code they can't seem to get it to work as the bars open at such varying prices. Thanks for your reply!

It is possible to use them in an auto strategy, you can take a look at the following sample :
https://futures.io/elite-automated-trading/32559-ron-s-alpha-trade-method-ninjatrader-advanced-trade-management-bot.html

You just need to be careful what you do...

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