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Buy/Sell at the closing of current rang bar


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Buy/Sell at the closing of current rang bar

  #1 (permalink)
 lexxmd 
Canada, Alberta
 
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I buy or sell at the closing price of current range bar.. is there an indicator or add on that can do this for NT7

Thank you

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 choke35 
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lexxmd View Post
I buy or sell at the closing price of current range bar.. is there an indicator or add on that can do this for NT7

Thank you

Range bars by definition end when the price leaves the range.
So what do you mean with "closing price of current range bar"?
The lower/upper limit of the range bar? (A limit order / stop order there would be an answer then ...)

To avoid the usual pitfalls with "backtesting" on range bars, look for the related threads here on futures.io (formerly BMT).

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 trendwaves 
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A strategy can be used to accomplish this. If your strategy is set to "CalculateOnBarClose=True" then you can use the buy or sell limit method with Close[0] as the limit price ...

EnterBuyLimit(Close[0]);

When the current range bar closes the strategy will place a limit order to buy at the closing price of the current range bar. Since it is a limit order, it may or may not be filled dependent upon future price action.

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Last Updated on December 24, 2014


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