How to Learn the MT ATR Breakout Strategy

Originally from ticket #2238.

I downloaded the MT Framework package of indicators and strategies and I am interested in running the sim version of the ATR Breakout Strategy. Are there any videos or documentation to help me understand the list of parameters and filters, etc.

Thank you.

Currently the project to complete all of the indicators and strategies is nearing completion
Then we can focus on documentation - Video Walkthroughs and guides to compiment our live help desk support model and the new forum.

Strategy Parameters
The Strategy parameters take time to understand - there are so many permutations 1000,000s+ -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.

Learning Road Map
.1 Learn Signals Indicators
.2 Learn Strategy Parameters - Easy Trader in isolation shows the parameters of the trade engine without the Signals Indicators
.3 Then view the MT ATR Breakout Strategy and you will see the extra parameters from the MT Signals ATR Breakout indicator added in.

So the first place to start is actually with Signals Indicators:

MT Signals ATR Breakout Indicator -Explained
http://screencast.com/t/RWz4iNZyD

LINKS
Please click here to view how to Get Started with MTNT7 Signals Indicators

2 STEP SIGNAL LOGIC
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

NEXT STEP STRATEGY
When you have studied the Indicator and understand the implications then start to look at the Strategies:
.2 Learn Strategy Parameters Look at MT Easy Trader in isolation to see the parameters of the trade engine without the Signals Indicators
.3 Then view the MT ATR Breakout Strategy and you will see the extra parameters from the MT Signals ATR Breakout indicator added in.

When you are at this point you can ask for settings to trade the way you want to and we can assist with that.

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 management, then advanced trade management 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.

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

FORUM LINKS

Previous questions and answers
https://microtrends.zendesk.com/forums

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