I am interested in buying your Opening Range Breakout strategy auto trader
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Originally from ticket #3048.
I am interested in buying your Opening Range Breakout strategy auto trader and tried to down load you free sim trial to test it out.
However, when I downloaded the MTNTF 7 .exe and ran it, it was saved in the Templates folder of Ninja Trader 7 folder in Documents.
When I tried to import, I could not find a >zip folder which is what Ninja is looking for to import. I only found a lot of .xml files.
Please help me import this strategy and test it in sim for opening range breakout or session open breakout strategies.
I am now stumped.
Thank you,
kailash.
Hi
Please see here:
https://microtrends.zendesk.com/entries/69139966-MTNTF7-installing-to-windows
thank you
Please let us know if you any more questions
tom
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
Thank you, Tom.
I went through the information you sent me. I have difficulty navigating
around your website, probably due to the terminology.
1. I downloaded and clicked Run and installed in my PC with the correct
path.
I still do not see in the Ninja Trader 7 Folder under Documents (Which is
exactly where I chose the path for the download as per the video , you sent
me), any file which shows it is a Strategy file that I can import. I see
some config.xml files but not a Ninjascript file.
What else do I need to do different? Please let me know.
2. When I order the Open Range breakout strategy, is the life time license
for it $495.00? Is there a monthly lease for this strategy? Do I need to
order your entire suite of indicators and strategies, just to get this one
strategy or is that needed only for the sim trial version?
3. I assume that the session open strategy is the breakout right at session
open, rather than a specified period after the market open like 15 minutes
or 30 minutes, correct?
Thank you again for your patience and help.
Kailash
On Tue, Sep 16, 2014 at 10:38 PM, MicroTrends Support (MicroTrends Help
Desk) <support@microtrends.zendesk.com> wrote:
1.You do not import anything - you run an installer like installing a normal program to window, then to remove you use the Windows Control Panel - e.g you do not use NinjaTrader to import it or remove it the installer does it all for you.
Perhaps all you need to do is open a chart and use the technology as you have already run the installer?
Please see here to recap:
https://microtrends.zendesk.com/entries/69139966-MTNTF7-installing-to-windows
Simply follow the steps shown
1. Run the installer - just check the path is correct as in the image to your NinjaTrader folder
2. Start NinjaTrader and Check the assemblies are listed in NinjaTrader with the post install check.
3. Get started- connect open a chart see if you have the MT indicators there for "MT ATR…."
If not then you need to run the installer and check you point it to your NinjaTrader folder as shown in the image.
2. The MT Open Range breakout is just one strategy of many in the MT Framework pack - you install 1 pack and it contains them all- but can purchase 1 or all of the packs indicators and strategies for live trading and support. Going forwards we will make an installer that allows you to pick what you want to install. To conclude: you can buy it seperately for $495
http://www.indicatorstrategies.com/open-range-breakout-ninjatrader-strategy-autotrader/
or the whole pack for $1495
http://www.indicatorstrategies.com/microtrends-ninjatrader-framework/
monthly leases are $99 for the whole framework or 4 monthly payments/installments for all of it:
http://www.indicatorstrategies.com/payment-plans/
3.MT Session Breakout allows you to pick the time to measure a breakout from and a tick zone for the upper and lower trigger lines from the price at that bat open time. MT Open Range is the first bar closed of the dataseries so you contol that via the chart dataseries session template - default 24/7 or US Equities RTH will have the first bar at a different time… so the height of the range is the 1st bar + and offset…in other words variable range height for time bars or unless you use range 10 for example… or variable for volume 500 etc
Please let me know if you require assistance.
many thanks
Tom
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
Thank you so much, Tom.
That was the bug, I was trying to import!
I also got the other info, you provided.
ok, now I will study the Open Range Breakout strategy, it seems to have
such a huge number of user defined inputs....
Since I am using the 5 minute chart with the first bar after session open,
the Open Range is the best for me.
Is there a video or something that goes item by item to explain the user
defined inputs or a web page that goes over that...?
Thanks,
Kailash
On Wed, Sep 17, 2014 at 11:50 AM, MicroTrends Support (MicroTrends Help
Desk) <support@microtrends.zendesk.com> wrote:
Hi
The best thing to do is to read this and watch the videos.
https://microtrends.zendesk.com/entries/53195949-Getting-started-with-MicroTrends-NinjaTrader-Framework-Strategies
Please do the above - but I wouldn’t trade the "MT Scalper" on its own…. it’s a good starting place to understand 2 stage Signals indicators and later how they are used in a strategy…
A personal favourite would be breakout trading.
There are people trading live and using the MT Open Range Breakout -
on Better Range or plain vanilla Range Bars 10
2 Lots... on RTH
CL and NQ....
So for the ES i would try a 10 range chart or maybe 4, 6 or 8 range as it ticks differently... 4 per point....
for the ES: if your market range was usually 20 points
then a 2 to 3 point stop would mean 3 trades per session is 6 to 9 points risk... to gain a 20 point (25% of the time it will hit 100% and above of its range)
I would look to take 3 trades per session in the first 3 hours
keep the position open let it run etc...
but why trade every day?
use a baseline robot on sim to trade all day as you guidance on when to launch live trading.
what if trading from 8.30 am to 11.30 was enough
or even 9.30am to 11.30am Est
tuesday,wed,thurs?
External factors for discretionary use over the pure mechanical system.
Price cycles are narrow range to large range...
usually narrower.... 25% of time larger
the narrow range days are the losers
the larger days make up for it.
Win % and Risk Reward
some people try to get a 80% win ratio and a tiny profit
but 1 loser will wipe out a string of winners
what i found works for me is to take the middle ground
so that i have 2 or 3 lots....
to aim for a near target and keep 1 runner - and really it run if you got enough margin overnight even but close on a Friday.. so then you get a profit opportunity of a swing trade but use a day trade entry and risk... aligned with some other factors such as:
my favourite top tip
you might look for congestion on a daily or weekly chart and then try to align the breakout of this structure with the session open of the stock index....
Seasonal
But why trade the losing days if you can establish a "seasonal pattern" such as the common day of week where range is highest, week, month even etc...
Stats
you can use win losing days or bar heights on daily charts to see when a popular day is...
consec losers versus drawdown
what time of day it is and the range expected the normal
you might also look for a small Friday. mon, Tuesday and go in on the Wednesday...
that's how i do it... but you must work out what works for you. so you can stick with it during a drawdown etc..
Preparation
Add the following indicators to 2 charts per instrument:
#1
Data series
ES 4,6,8 range
NQ 10 range
Session template: US Equities RTH
#2
Data series
ES 4,6,8 range
NQ 10 range
Session template: Default 24/7
Indicators
it is easier to visualise the strategy and configure your rules in the "Signals Indicators"
"MT Signals Breakout Open Range"
Use the Trade Setup to change how it works and the Trade entry params... also the number of signals per session and the session times it trades
2 stage entry
once you understand the dot setup and triangle entry
Please look at these Useful indicators that really do help....
Ranges
how to see the current range versus the typical daily
"MT ATR Range HTF"
Reversal or trend stalling points
how to see reversal points in the market before they occur
"MT Levels Dynamic Fibonacci Grid"
DATA!
90 days tick last, 120 daily
You must have historical daily data for this to work downloaded. + the same amount as the chart look back period.
3 steps.
1. Once you understand the manual system working you can go on the next stage...
2. Then use a manual entry system - go long on the green - short on the red, place the stop, target 1 and 2.... drill this in live market trading for 1 week... try using the MT Easy Trader in standalone for that....
2. then you should look at the Strategy that auto trades this and we can assist in the setup.. you will see the same params from the signals indicator in the strategy - plus the strategy, trade engine and ATM params... also the easy trader....
There is a lot of work there for you - to watch signals indicators and try out the above:-) for this reason the strategies are free for sim experimentation etc... you only need a license for a strategy when live trading in a real live trading account.
When you are ready please ask for settings assistance
there are tips on that strategy you can search for any time you want in the forums:
https://microtrends.zendesk.com/forums
I hope this helped you .
Please let us know if we can assist you.
many thanks
Tom
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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