MT Framework versus the Woodies Collection
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I am evaluating autotraders.
As a programmer I don't like to reinvent the wheel when something is already running well but I also like to change things when I think a strategy could be done better.
So I like a flexible setup but also one which performs quite well from the beginning.
In the future I would like to incorporate other techniques like orderflow, hurst cycles, etc., except I would find out that everything is already running maxed out as much as possible.
Therefore I am asking you - which autotrader do you recommend me - the one of WoodiesCCI or does your package in my case almost do same or better job?
Thanks,
+++Wolfram ######
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At 17:42 23.04.2014, you wrote:
The MT Framework is a large set of indicators and strategies and technologies that allow you to pick and mix one or many signals and then trade the consolidated signals based on lookback and threshold.
There is not Hurst cycles as yet, however volume, price, order flow, trend and mean reversion do exist in many forms. We can if you wish add in Hurst cycles if you can provide the algorithms and an explanation of how you want to trade with them.
The MT Framework is for people who are self motivated and like to experiment and resolve their own solutions through research and time - For strategies the Framework is free for testing, sim, demo usage to allow you the time required without penalty of a subscription or short trial to do this. For strategies you would typically only pay when you are ready to live trade.
The Help Desk would assist you with your settings to match your desired trade plan.
Paying subscribers get prioirty support, live help desk, or if needed as all else fails skype, remote assistance to get your issue resolved.
You can download this for free and experiment.
To install the framework please follow the guide here:
http://www.micro-trends.co.uk/ninjatrader-downloads/http://downloads.microtrends.co/MTNTF7-Setup.exe
http://screencast.com/t/wVn5eoQ7ExlC
We have a fairly major update coming out in the next few days which adds in some ease of use changes as well as new generic signals trader, dynamic trend, volume profile breakout, optimises its use in NinjaTrader- some installations suffered from a bug in NT7 that caused indicators and strategies to load very slowly.
SDK
There is an SDK - so you can create and implement your own stragtegies or signals indicators that derive from the base classes.
If you want freedom, ongoing updates and additions of technologies - and don't want to be led, are not in a rush and like to research your options this your choice
Woodies Collection
Is a group of strategies supported by the Woodies CCI Club, specific to trading Woodies Bars and is not as a general purpose technology - however it does have a grey box robot you can use in sim mode when you subscribe for the $199 per month fee for the software - this is all supported by the Woodies CCI Club. It may or may not suit you, your capital, risk appetite or trader psychology. It is not possible for anyone to say what will suit or work for you - you will need to find that out by direct experience and usage.You get a trading room, you also get to speak to traders who are able to support you that use the technology hence the different price points.
If you want to be led more - but have less options this your choice.For more details please visit here:
http://woodies.microtrends.coMicroTrends 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/forums0
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