MicroTrends NinjaTrader Framework Strategies - suggestion for trading CL and ES

Question A Trader

Hello,
I am interested in your MT easy trader as it looks pretty good. Can I use it on the ES and CL? Are you getting good results with it? I will try and if I like I will get it. Thanks!

Answer MT

Hi

Sorry for the delay- Please download the MT Easy Trader and try it out - it is part of the MT NinjaTrader Framework 7.
It can used standalone - "select it from your strategies list" as a semi automatic trader with automatic trade management - or it is used in "strategy integrated mode" to run as part of and interact with a running strategy inside the MT NT Framework.

Please see here to see how it all fits together.
https://microtrends.zendesk.com/entries/53195949-Getting-started-with-MicroTrends-NinjaTrader-Framework-Strategies

install info
https://microtrends.zendesk.com/entries/69139966-MTNTF7-installing-to-windows

MicroTrends Support 

Question A Trader

Hello,

I installed everything on my Ninjatrader and played around with some of the
strategies. This looks really good.

I would be interested to buy it however I was wondering if perhaps you can
point me in the right direction to test. I like to trade the ES and was
wondering what strategy might work well with it? If you give me a couple
suggestions I can backtest and try to find a good configuration.....but it
would be nice to nail down 1 or 2 I could start with.

Thanks you!
Sincerely,
Gary 

Answer MT

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