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ATR strategy - where to start

MicroTrends Support

Originally from ticket #2834.

Hi,
 
I downloaded the sim version on your software. I've been learning about the ATR breakout strategy and Session breakout strategy. I read about the settings but It's a steep learning curve in trying to find the combination that works because there are so many parameters. If you can please assist me by sending the recommended settings for both of these strategy for the equity markets.
I want to test these strategies and purchase them so if you can send some optimized.
Thanks!
Kenji

 

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  • MicroTrends Support

    Hi

    A set of video walkthroughs are planned however here is some info:

    Please follow this and do learn all about the signals indicators first - then the strategies or you are taking too much on...

    http://forum.microtrends.co/showthread.php?162-Getting-started-with-a-MTNTF7-NinjaTrader-Strategy

    Best Settings/ Recommended settings

    We do not offer trading advice and do not offer best or recommended settings, only assistance with the features. Even if we did we cannot guess what settings suit you. high win ration - low risk reward or low win ratio - high risk reward...

    The price point is many $1000s below the "educators" for a more sophisticated product and we offer them for free for testing/demo usage - so you are not penalised for learning and can take time to test and interact with them in realtime - the way we use them is not as 24/5 unattended systems but - strategies that we turn on live at different times and use the Trade UI MT Easy Trader to interact and control

    It is advisable to run some models constantly on the sim - and from the stats such as max drawdown, losers etc - and your price analysis/ market timing make a decision to turn on a live strategy clone of it etc....

    Your free self based learning process will guarantee you know all you need to know first hand and don't just take the word of some vendor as to what to do. You need intimate knowledge of all of it in order to consider any trading of any system. Why trust someone elses word? Becuase you want to get trading quickly... that is not how to do it... take time and dont care about winning only assessing and researching until you are ready... how long that takes is your personal journey.

    You only need to pay should you find a way that works for you. it's a long journey. However for paying subscribers we do offer a more 1 to 1 remote support experience to get them started.

    There are settings that make sense - that we can discuss as they are based on the premise of an approach or system.

    What markets are you trading? 
    Set the Session Open to match the highest energy times... 
    eg 9AM to 11.30AM

    how much money do you have to trade etc 
    What market range 
    What stop 
    how many winners/loses should you take etc...

    With a 200 tick range 
    if you are using a 20tik stop 
    that gives you 10 chances to win the 200 tick range 
    however that might only come about 30% of the time....

    so is it fair to assume you have 3 decent trade attempts per day...??? 
    These are some things that can be put in any system as they make sense...

    Start with no trade management on... 
    just have a stop at around 20 ticks for futures and 1 lot - no target 
    See what the MFE MAE is from your tests and then add in a trail stop - for example

    Working from a high risk reward back towards a higher win ratio and finding some middle ground of compromise is the best you can expect to do.

    Setting the trading times to suit your trading availability and the key market regular trading hours.

    Strategy overviews.... 
    The ATR Breakout could be swing weekly system - 24/5 trading close friday.... 
    Session templates 24/7 or US Equities RTH or Nymex Energy/Metals RTH for example

    The Session Open Breakout - i day trading system 8.30 to 11.30 signals allowed - keep positions open and managed until close... etc.. session template 24/7.... use a range 10 tick - set the parameters so that secondary bars are used of 1 or 5 minutes....

    All the strategies in the Framework are very similar - learn 1 and you know 90% all of the others... there is only a small difference in most of them.

    Each one has in it a signals indicator embedded that provides the long,short signals for the trade engine/strategy to execute the signal and then manage the trade...

    So Start with the Signal indicators - learn what a signals indicator is and how to configure it on a chart -then later - look at the associated strategy and learn the parameters for Trade Management and orders etc...

    Please see this guide here: 
    http://forum.microtrends.co/showthread.php?162-Getting-started-with-a-MTNTF7-NinjaTrader-Strategy

    Afterwards please get in contact and tell us info about:

    Instrument 
    Position size 
    Risk 
    Trails 
    Times

    And we can assist with settings to match

    Disclaimer 
    Trading and investment carry a high level of risk, and 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.

    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

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