auto trade strategies configuration
Hi. We are playing around with mt framework and auto trading syrategues however we are having difficulty configuring the indicators to use to auto trade as well as the actual auto trading function.
Where can we dind information on serting this up on ninja trader?
We want to configure high probability 90%+ trades and to suto trade them.
Thanks
Joe
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Hi
Please use this guide: - make sure you start with Signals indicators in isolation then build up towards using a strategy utilising the signals indicator to avoid confusion and take the less time and easiest route.
1. Signal Indicators
https://microtrends.zendesk.com/entries/59737249-Getting-Started-with-MicroTrends-NinjaTrader-Framework-Signals-Indicators
**Please watch the video guides on signals indicators
2. Zone Settings - Make sure you see this also:
https://microtrends.zendesk.com/entries/68480125-Zone-Setting-ID-Saving-and-loading-your-own-settings-for-MTNTF7-Indicators-and-strategies
3.Strategies -based on Signals indicators + MT Easy Trader:
https://microtrends.zendesk.com/entries/53195949-Getting-started-with-MicroTrends-NinjaTrader-Framework-Strategies
Please watch the videos also:
MT Easy Trader Videos
https://www.youtube.com/playlist?list=PL15FB5565181D9A9E
https://www.youtube.com/playlist?list=PLtKS2GMs9w4VWB4WKB7ikryw6Lf5...
more info:
Quick Start Examples
https://microtrends.zendesk.com/entries/39369677-MT-Open-Range-Breakout-NinjaTrader-Strategy-
http://blog.microtrends.co/2015/07/mtntf7-atr-volatility-breakout-ninjatrader-strategy/
4. Advanced Signal Aggregation-Consolidation- Confluence Trading
https://microtrends.zendesk.com/entries/65124279-Programming-your-own-strategy-without-coding-in-NinjaTrader-7
High Win ratio:
If you want high win ratio you should normally have small targets and exit points - probably with 1 trail target or longer...
For example:
Stop 24 ticks
T1 4
T2 8
T3 12
T4 30
move stop in to T1 - at T3...
stop be 12
stop be offset 4
Trail stop Trigger 12
Trail Stop Type Price or High/Low
That would force a high win ratio-
Typcially the trade duration would be short allowing more trades - therefore providing a high frequency trading system from 40 to 100 trade signals per session for example
however the expectancy would need to be evalauted seperately
You would for example then optimise that above setting on different entry methods and dataseries types until you find viable
or you would understand what shape the bars/market is in when winning and how to recover or wait for a trend cycle to move from a chop cycle - and allow trading of the trend cycle - until a loss occurs then you stop/pause trading until a trend cycle is reestablished and you continue.
This is viable with realtime control - ie systematic realtime control based on a set of rules during live trading... using the MT Easy Trader...
that is typically how a high win ratio/ high frequency system would be governed during trading.
many thank
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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