Modification of a Ninjatrader 8 Strategy

Buy Sell Candle Strategy MODIFICATION – Ninjatrader 8

The base strategy is called BuySell Candle strategy which is a simple strategy for Ninjatrader 8  and does the following :

When a bullish candle is formed the strategy opens one long position.

This position is closed and reversed when a bearish candle is formed .

When a bearish candle is formed the strategy opens one short  position.

This position is closed and reversed when a bullish candle is formed.

The only variable currently on the strategy is a take profit variable by default set to 150 Currency amount.

The strategy should be modified in order to do the following:

1.      -----  Choose the default lots for the trade .

2.      Add a   trailing stop feature (expressed in total profit ) meaning that if our profit goes to X USD the trailing stop Y is activated . So for example if we choose a X of 100 USD and a Y (trailing stop step ) of 50 USD and  the trade gores in profit , when the profit reaches 100 USd the trailing stop is activated . If our profit reaches 150 USD our stop moves up to 100 USD etc.

3.      ------ The strategy must have the ability to double the size of the lots traded after   a losing trade.

For example default lots are set to 2 , we have a losing trade , next trade is with 4 lots, we have a losing trade , next trade is with 8 lots, we have a losing trade , next trade is with 16 lots etc. When we have a winning trade then the next trade is made with the default lots.

------The strategy should be able to work with renko candles , volume bars ,  range bars , tick bars and regular time bars.