MT Signal Scalper trading Bonds

Trader Question: This is my plan: Utilizing MicroTrends NinjaTrader Framework to create a strategy/system to scalp 3 to 5 ticks per trade in Bond Futures:

Account Size: $150,000

Markets: US 30 Year Treasury Bond Futures (ZB).

Market Hour: 0720 to 1510 (3:10 PM) Central Times.

Commission: $1.84 per side

Daily Target: Four Figures ($1,000 plus net after commissions).

Trade Size: 3 – 5 Contracts initially – all in/all out or scale in/all out. Flat at the end of day.

Maximum Risk Per Trade: $1,500 (9 to 15 Ticks - depending on number of contracts)

Maximum Daily Loss Limit: $3,000

Maximum Weekly Loss Limit: $3,000

Max Drawdown: $4,500

Regards: Mike

Submitted from: http://www.indicatorstrategies.com/free-trials-downloads/

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Hi Mike

You can use the MT Signal Scalper to experiment with and then overtime assess it all for free a the sim/demo account before risking anything... or you might find some alternative strategy - or you can can pick and mix indicators together to create your own bespoke version. Certainly some traders report they have found a way forward with the MT Signals Scalper strategy and like it.

The traders who are successful with any of the MTNTF systems have mostly worked out their own methodolgy and trade system rules + asked for assistance settings up some settings also sometimes, they worked on backtest and sometimes many weeks+ months of realtime live market sim account trading/testing.

Due to the amount of time and effort required to allow someone to gain enough knowledge and belief in a system to enable them to stick with it during a drawdown - i decided to make it so the strategies are 100% free for sim or demo trading - so you are not pressured into buying something and then rush to try to make a return to cover the cost of your purchase which will act against trading success in most cases. So you can take your time and not be penalized rushed or have a load of BS stats and marketing stuff/clever videos to convert you into buying and then blowing up your account... which sadly is 99% of the NT vendors.

Regardless: whatever your route: You would need to start at a foundation level and learn in steps - understand 1. "Signals Indicators" and then the 2. Strategy + Easy Trader systems - which work with:
1. manual order placement or fully auto - or mixed.
2. have automatic trade management
3. Allow you to interact and control in realtime.

So you are welcome to try all of that for free unlimited and follow a systematic logical approach to accelerate learning.
Please get started here and follow the guidance - there is a 13 part video series to watch which is critical to understand and learn easier..

A. https://microtrends.zendesk.com/entries/59737249-Getting-Started-with-MicroTrends-NinjaTrader-Framework-Signals-Indicators

If you follow that you can master just the indicator MT signals scalper on its own and learn the parameters and understand the concepts of the common set of parameters found in all signals indicators -- you could also then experiment with this:
B. https://microtrends.zendesk.com/entries/65124279-Programming-your-own-strategy-without-coding-in-NinjaTrader-7

When ready after the above (A,B) to learn about the strategies approach please start here:
https://microtrends.zendesk.com/entries/53195949-Getting-started-with-MicroTrends-NinjaTrader-Framework-Strategies

When you are ready we can assist with settings to match your trade plan etc
templates or screenshots... etc...

Regarding the Scalper - it might be better called the "price action reversal trader" or something as you can in fact swing trade with also - i like to add the parameter " Bias Filter=3" to that one on range 10 bars or some kind of renko bar for example. Certainly many people like it.

Out of interest for me: The framework contains many many tools - my area of focus really is this - i find methodologies with session open range breakouts with other analysis suits my time and psychology. Which are discussed here - might work for ZB too i never tried - best tried on larger ranging markets 150 to 200 ticks+ per day for example
http://blog.microtrends.co/2015/05/mtds-session-open-range-breakout-autotrader/
http://blog.microtrends.co/2015/06/components-for-discretionary-rules-over-a-mechanical-session-open-breakout-system/

i hope this helps and i wish you the best course with your goals

Please let me know if/when i can be or further 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