Help with AutoTrading with the MT Framework

Is there any documentation on settings for the volume profile trader as the results are not that great 

thanks

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Hi

Ok in order to make sure you have the relevant background info lets start at the beginning and make sure you have the foundation of knowledge to build to make choices easier for you - then work towards where you are and see if we can assist with a number of options.

The MT Framework consists of Signals Indicators and Strategies - Signals indicators can be used on a chart or tuned and traded in a dedicated strategy built on top of it.
Some Signals Indicators allow you to mix together the Signals Indicators on 1 or many timeframes - such as the MT Signals Generic Trader Pro - which is then also traded by a strategy - this lets you program your own system without coding - by mixing rules together.

MT Signals Indicators:
You will need to watch and understand the 2 step Setup and Entry confirmation and other common parameters each has.
Use an indicator on its own... on a chart to understand its parameters
Please see the 13 part video series here:
https://microtrends.zendesk.com/entries/59737249-Getting-Started-with-MicroTrends-NinjaTrader-Framework-Signals-Indicators

MT Easy Trader
This is a Chart Trader Style User Interface - which allows a trader realtime control, interaction with a strategy and trade management features.

MT Strategies
Each Strategy is based on 1 Signals Indicator - some trade 1 signal indicator some a collection of the signals indicators - MT Generic Trader Pro for example
Each signal indicator will appear with the same parameters it has when used as a seperate indicator - each strategy will use a common set of parameters also
https://microtrends.zendesk.com/entries/53195949-Getting-started-with-MicroTrends-NinjaTrader-Framework-Strategies

Each Strategy has 3 modes of operation...
1. Fully Auto Signal Execution > Order Placement + Automatic Trade Management
2. Manual Signal Execution Via MT Easy Trader > Order Placement + Automatic Trade Management
3. Fully Auto Signal Execution + Manual Interaction/ Execution Via MT Easy Trader > Order Placement + Automatic Trade Management

The methodology i find that works for me best is #3 as i chose when to pause or continue auto trade/ filter long or short - based on my experience and factors outside of the program systems rules such as
Higher Time Analysis (see the workspace MT FX Multi Time Frame Analysis)
Levels of support and resistance Lows/highs for Daily,Weekly,.Monthly
Trend channel and trend line support
Levels from volume profile analysis
News days and anouncements
Price Cycles// are we consolidating and expecting a breakout out to a higher ranging day/series of days...(Seasonals using the MT ATR Range Grid Pro for Example)
which is best? or others such as in a bull market statistically Friday closes higher than a monday... for example....
Selecting and Scanning markets for ranges and profit potential... or based on broker feedback for example such as what is popular
ES, FDAX, NQ, GC,CL, ZS, TF etc...

so i sometimes plan a trade several days in advance waiting for example a level of support to be met - before at the session open for example - i allow trading... looking for bounce, breakout or fakeout and continuation as my signal that we are into a strong day.. maybe so then i am taking the the trade or letting a robot trade.. and using money lot size so small i am not panicked by a losing day or 1,2 or 3.... as i know the big pay day will come... For Stategy analyzer usage... so for my backtesting i am not really interested in if the system shows a good profit or a loss - what i am in interested in will allow me to get in a trade and run with it... can i see when i am going into a drawdown and out again...i use a sim model to guide my judgement as to what i do with a live model and often i am disabling the auto trade feature and taking the trade manually and then letting the Auto Trade take control from there. I believe Optimisation and backtesting can show us what is ridiculous and what might be usable... it can provide great stats and give data points for choosing when a trade in the future might align with the other factors above...

i have created a kind of a walkthrough of how i actually trade for you and it can work for Futures very well... i start from monthly,weekly,daily down to 30minutes and 10 range for entry - i use an entry system that allows me to click to get in or let it get me in around the F0% weekly open or session daily f0% opens on the charts

then i prettty much turn my back on it and check maybe 1 or 2 times a day... ideally for example getting in sunday or monday and hoping for a close at the maximum profit on a friday -... but if not then waiting for consolidation and getting in a real good feeling trade early -before any noise or uncertainty hits and pulls it back to my stops....
i need to use multiple brackets so that i can scale out 1 and 1 let one run for example... or its tricky knowing when to get out - thats where the automatic trade management comes in ....

Scalping,
There are some traders who report success with fully auto trading but we don't collect or share any secrets that are confided with us -to avoid over trading of 1 system and setting- causing slippage for example.... We also don't subscribe to the notion that a trader can trade or should be given "so called best settings" the answer is to investigate first hand and get the experience and decide on the "mode of operation" the risk, position size, exit techniques and save that as a settings template and run it on a segregated sim account so you can track in realtime and understand the consecutive winners/losers average win versus avg losers - the expectancy is a key statistic....

There are traders who spend many months before subscribing to a live trading license - and i would prefer all traders do this instead of rushing in to trade ASAP...

So really the strategy you have chosen works best on commodities, possibly best on high ranging days... when the price is with the POC area and then breakouts with some timing or news factor or that fact that prior day cycles are narrow and the market has to hit its weekly range/ daily range by some %...

you could add many filters to it...
you could chose to tune the indicator and see the best MFE versuys MAE - in terms of signals timing
then add that indicator setting into a greater system - maybe one with a session range breakout and or a Squeeze for example... so we are looking to combine consolidation + a breakout at a time and level of significance to try to capture a higher potential window of opportunity to trade - thus getting a stronger trending movement with some commercials in the trade - so we can trade less and get far more back...

this is the way i see it and i have met others who do not see it this and can make tiny high frequency scalping work for them - however they do use discretion based on experience and other factors - when to shut down and when to go only long or short... and i cannot do what they can - yet the technology allows them to do that.

Trade Plan.. premise?

Do you have a trade plan or trading premise - which we can help convert into settings for you to try?
have you tried various days, session times and dataseries?

Please let us know about where you are so we can make a better informed answer to assist you more fully

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