Strategy Guidance as of Jan 2013 MT NinjaTrader Framework

Originally from ticket #2146.

I have just purchased a lifetime licence for the NT Framework. I can find no guide to help me understand what all the parameters in the indicators and strategies mean. Can you please help urgent.

Hi

Currently the project to complete all of the indicators and strategies is nearing completion which will see a rewrite of the strategy engine to unmanaged mode - and seperating out the indicators to make a lighter installation:

Then we can focus on documentation - Video Walkthroughs and guides. And the creation of a settings expert addin that will collate and post/share settings from participating traders - so that the best settings for each instrument and time series are automatically available from an expert system - So you can set your robo to simply trade the most recent recommended settings based on some performance measurement such as expectancy etc

In the short term and going forwards
It's not a problem we can assist with what you want to do, via the support desk, forum and video guide replies to demonstrate - also we can provide settings for you - if you can tell us what it is you want to do.

MicroTrends Ltd does not make any recommendations for buying or selling any financial instruments. We offer educational information on ways to use our sophisticated MicroTrends trading tools, but it is up to our customers and other readers to make their own trading and investment decisions or to consult with a registered investment advisor. So we can assist you with how to use the software for trading -
we build and deliver the vehicle - but you must get in and drive it yourself - learn how to drive it with our assistance on the features.

Previous Questions and Answers
Many questions and answers are available in the forum from previous.
https://microtrends.zendesk.com/forums/227808-ninjatrader-strategies

Brand New Forum
We will be posting answers and guides here too going forwards -it would be fantastic if you post here also so we can build the knowledge base in teh new forum with you.
http://forum.microtrends.co/forumdisplay.php?5-MicroTrends-NinjaTrader-Framework

Strategy Parameters
The Strategy parameters take time to understand - there are so many permutations 1000,000 -so there is no easy injection of knowledge transfer- other than time experimentation and support. If you have a clear vision of what you want to do and then we can assist you in that process - there is no need to try 1000,000s of permutations - instead work to a premise and configure to match it.

Parameter Guidance
Each parameter has a description written that appears when you select the parameter - you can read it in the bottom right hand panel.
Create a new chart > view the strategy list and and select a strategy - click new - now click a parameter in the right hand pane - now look below- you can increase the view area with your mouse on the horizontal divider - drag it up or down.

Common Features
The good news is that there is a common set of features/parameters used in all strategies and signals indicators.
So a very good place to start is actually with Signals Indicators
These are the components that make the signals that the Strategy will trade.

Signals Indicators
Each "MT Signals..". has a Trade setup and Entry is configurable and has a common set of parameters in all Signals Indicators.

All signals indicators and strategies using the signals indicators have a common set of features as outlined in the guide at
http://help.microtrends.co/common_interfaces.htm
and here:
http://forum.micro-trends.co.uk/topic886-bitwise-trade-setup-and-entry-parameters.aspx

Trade Setup Mode
A trade setup may have 1 or many modes and candle filters,
Green dot = Setup long
Red dot = Setup short

Trade Entry Mode
a trade entry can be with setup or many other price action combinations and candle patterns
Green triangle = Trade entry long
Red triangle = Trade entry Short

MT Easy Trader
Trading GUI
http://www.youtube.com/playlist?list=PL15FB5565181D9A9E

OPTIMISATION
Don't Optimise until you understand
This is the most important place to start -then look at strategy signal execution and risk managment, then advanced trade managemnet and filters last. Don't backtest or optimise first - learn what does what then you are in a position to create a meaningful test with explicit constraints of parameter ranges.

Mechanical Trading Essence
Essential Reading
http://forum.microtrends.co/showthread.php?55-Essential-reading-on-mechanical-trading

Start simple
Remove all filters and have a plain vanilla setting to take every trade,Use this a base control model -
experiment and setup risk reward and advanced trade management - you might want several clones running with variations of stops, targets etc Next add in filters - to another level of robots - trade each one on a specific account so you can track performance.
Add sim accounts for each setting in NinjaTrader Tools> options >Simulator

Update
So i really will be pushing to close the project and document what is there, and teach how to use it all.
Untill then its a case of experimentation or asking the help desk for assistance or looking in the forums.
http://microtrends.zendesk.com/forums

So if you can decide on a strategy to start with we can assist from that point onwards
by support desk, settings, video guide etc

Maybe we can match you with a strategy
What kind of trader are you?

Mean Reversion
MT 3

Trend trader
MA Cross
MACD Cross
MT 2
Open Range
ATR Breakout

Futures?
Forex?

MicroTrends Support
support@microtrends.co
http://www.microtrends.co/support/

Tip! You can visit the help desk forum to see previous answered frequently asked questions:
http://microtrends.zendesk.com/forums