Alpha Trader UMA Indicator in a Strategy

Q1. Is your UMA the same as Hull MA?

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No it's proprietary, HMA is much more choppy

Please feel free to try it out:

MicroTrends Support

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

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Q2. Does NT7 has a way execute trades based on the changing of color? If not, then what is the best way to apply trading using MA cross-over with the UMA? Dedicated to Excellent Results

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You would need to write a NinjaTrader Strategy that entered long or short based on the signals... The indicator exposes public long short signals - in terms of trading the color change please note that when the indicator slope is rising or falling it changes color - and this event happens later then it looks in terms of historical trading of signals - this is because NT will paint the plot backwards to the prior bar then to the current bar just closed - sometimes it is easy to think when looking at historical color changes you can t - you can attempt to trade it intrabar on every tick to trade the color change as it happens or on bar close.

Its' a little hard to explain until you try it - the way to trade the color change is to look for a change in slope - which changes the color. So for example.

Slope Changes Long short trading rules:

if (AlphaTraderUMA(10,...) [0]>AlphaTraderUMA(10,...)[1] ) EnterLong();

else if (AlphaTraderUMA(10,...) [0]<AlphaTraderUMA(10,...)[1] ) EnterShort();

The long/short signal plots also allow you to execute them in a strategy... Please see section NinjaTrader Strategies here for the basic foundation you need for that: NinjaTrader Educational Video Guides for Discretionary & Strategy Trading

Considerations for any strategy

Initially simply stop and reverse with no stop and no target - assess the performance stats to see you MFE and MAE - to gauge your likely settings and then later add in a stop loss and maybe a target -

For excellence: you would also consider: technical filters, exit rules, exit times, consider days and times of trading,breakeven and trailing stops, error handling, position, money management, daily targets daily loss, pnl equity curves, order graphics, unmanaged mode overfill protection and self resolving error/order rejection handling, for realtime interaction a control panel GUI/ with mechanisms/realtime controls... such as this MTDS strategy technology:
Which would cost around 100K to build if you chose a consultant who could do it - currently MT is the only one who succeeded.

The MTDS has a software development kit with samples MA Strategy in it which can be easily changed to use the UMA.

its 100% free for dev and sim trading - you only need a license for live trading.

For Which you can easily create a strategy for the UMA - If you need assistance the Development team can program your requirements or we can also post a few code snippets for you if you care to install the MTDS with the SDK options. You need to compile the strategies after installation -follow the video step by step.

Also in terms of style:

What would be your trading times frame?
Day trading, you need to catch large price cycles and try to leave out the narrow chop. Maybe some kind of range bar 4 to 10 or renko bar would suit. For Swing 240minute, 1440Minute, daily, weekly charts - enter sunday/monday and close Friday for example.

Hope that helps please let me know

many thanks

Tom Leeson

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

Alpha Trader UMA Indicator in a Strategy

Considerations for any strategy

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