How can I select a system that can AutoTrade, Stocks, Futures, and Options and obtain a 80% or above win percentage
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Hello,
I have Ninja Trader and Trade Station setup.
My question is this:
How can I purchase a system that can AutoTrade, Stocks, Futures, and Options and obtain a 80% or above
win percentage?
Please let me know.
Thank you.
-Chad
-
Hi
We dont keep stats and dont know your style, capital, approach or anyother details.
The best way is to try systems until you find one
if you are getting 80% win ratio on average - you are probably only getting a risk reward of 0.3 : 1
So Win ratios by themselves are a useless statistic.
The important statistic is the overall system expectancy at that %...
it might be a loser or winning system - you might need to aim for a 35% for some systems to work and expect around 1:3 for the win ratio.
Also how are you using it?
We do not advocate 24/7 unattended live account trading
#1 As for one you might disconnect or have issues on your internet or server - and really need to be in attendance.
and taking trades 24/7 is not the best - however traking traders at certain session times and keeping them live is valid.
Another way is to have models that take the heat and wins and guide you on your live trading...
- trading one model or a few on the sim - then using the stats from these "control" models to allow you to decide to enter the market with a live model - based on price cycles, drawdowns, conse losers etc as would a commercial fund for example.
The framework allows you to try out any system - as long as you want - with no requirement to part with cash or risk any - as you can simply trial all of them on a sim account for an unlimited time.
Please go here for details:
http://www.micro-trends.co.uk/ninjatrader-downloads/
Please watch video or go here for TIPS:
https://microtrends.zendesk.com/entries/69139966-MTNTF7-installing-to-windows
using strategies:
Also for some guidance on trading with these strategies it is advisable to read this:
https://microtrends.zendesk.com/entries/37255406-Getting-started-with-MT-Signals-Indicators-Strategies-and-Easy-Trader
and learn about
1. what a signals indicator is:
2. how a strategy uses it - and what parameters a strategy has.
3.Also the MT Easy Trader GUI
4. Then later on look at how you can design and build your own approach with no coding required at all using one of the
MT Generic Signals Traders - to trade one or many signals consolidated from the MT Signals group of indicators.
MicroTrends Strategy License Model
And the great thing for traders is we don't want money or make claims - we simply assist you to use the tech and find your own way - on the sim for free - So one day if you wanted to live trade - then you consider a live license purchase.
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/forums0 -
Hello,
What is your product that you offer for AutoTrading that
you can add in custom parameters for me that can scalp profits
in and out of positions effectively. I understand there will be losses,
but I am looking at getting in during a 1-4 hour time frame per day
and book profits when I see them, and stop trading for that day....
Modest gains... 7-12%
Cut losses.... 18-25%
or what do you suggest for setting up the best most optimal
configuration for AutoTrading e-Mini's ?
Thanks!
-Chad
Here is what I have been doing:
Trading Weekly Options on the QQQ's, DIA, and SPY.
It has been more from the gut so to say, and my results have been far from stellar, too much emotion, too much psychology going on....
What I want to do is this:
Eliminate psychology and have a more disciplined approach and utilize
a trading strategy (one that is created that already works... I am looking for an AutoTrader that has a trading strategy already installed inside of it.
I want to have as little input from my end as possible and utilize your experience in the markets that can give the highest probability of market
direction to consistently book profits day after day regardless of the news, etc.
I understand I would have to put in Profit Targets, and Loss Percentages
based on my risk tolerance.
But what I need is the Strategy that is already working with an AutoTrader (ROBOT) that can AutoTrade.
I would like to AutoTrade the @ES
Let me know what you can do for me.
Best,
-Chad0 -
Hi
To answer your question please see here:
https://microtrends.zendesk.com/entries/94230463-MT-NinjaTrader-Framework-versus-Woodies-Collection
You can chose a self assisted approach or a guided approach and technologies to match.
Sorry for the delay in this ticket.
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/forums0
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