automated trading systems free strategy like an atm machine

Trader Question:

“What do you have that could be a trend trader that takes quick 4-6 tick profits on a many trade basis. Kinda like trading the trend but enter every green bar for a 4-6 tick profit and every red bar for 4-6 ticks profits. and do this consistently all day long day in and out. Not asking for alot. Let’s think about how we can make a strategy that is very consistent and makes 4-6 tick all the time kinda like an atm machine…”

MicroTrends Answer
The only thing in trading that makes money the whole time is the exchange and the broker. Some market making firms make money every day, some reputedly since inception of HTF market making algos – you only need about 100Milllion to trade and a pay roll 25% of that to start with for some of the best minds in the industry.

In reality – We are restricted to slow systems in comparison to the Pro inside track of market makers and high frequency trading, and we will never ever ever make money the whole time like an ATM machine – to even want that is to be a failure – trading systems at best they will have moments of profit and moments of drawdown. This is why we must employ risk management and money management and backtest and understand the drawdown and capital requirements of a systems natural profile- without curve fitting – to give us the win % ratio and average loser/winner to provide the expectancy of the system -and the old cliches are 100% true and timeless the trend is your friend until the end. You ascertain if the system is within your style of trading and risk capital – then perform further testing. out of sample, realtime paper trading etc.

So yes you are asking for a lot you are asking for the absolute impossible – – it doesn’t exist this side of the fence. Trading certainly doesn’t work that way as the markets don’t work that way – slippage/ Liquidity/ latency, trendless periods etc on top.

The world of NinjaTrader is at best a slick glider or cessna if you are lucky when you use a professional developer for your NinjaTrader trading systems development, compared to a ground to air missile used by the real players who use direct market access and don’t use a retail platform or aggregated datafeed, and you are into Formula 1 budgets and skills – you cannot hope to trade like that without the correct budget and equipment or team. Take for example Datafeeds used by retail platforms are 100 times+ slower that a pro data feed direct from the exchange, order routing proximity hosting to machine pricing engines are 100KS per annum for 1 metre closer on a wire, networks cards are £50K upwards… the data we see, the time sales we is ancient history to the inside track players – they are operating in the now – we are operating in the shadow of the past – so our systems need to based on what is tenable and not what fear and greed makes us dream up and fantasies- i just want to trade every each tick 1 delusional trader told me once and they blew $600K USD in 1 year chasing that futile blind deaf to advice steered by greed and fear – greed i want every signal, fear i want a small target i cant stand losing.

If you believe as retail trader you can have an ATM machine and go play golf and talk down the pub about your life and setup and its all easy and you go do this on your shoe string budget and total lack of skill and knowledge then you are a delusional dreamer seduced by the BS on the internet and unscrupulous brokers and vendors – you are a sucker, a pigeon waiting to be butchered, you will go in circles forever bleeding out your account time and time again – looking for the holy grail when in fact you need a mindset change and few home truths told to you – however you are rarely going to get that as the mindset out there is to take as much money from you as possible and suck your blood.

The best you can expect to do with a system is already fantastic why change it ? the answer is you need to change:
You can attempt to enter the market when you have identified trending cyclical moments and get that more right than wrong – then that style may be tenable for short periods – so how to trade them and how to stop trading once they go so you don’t give it back… the easiest way is to trend trade and let it run – with timing/ and other elements, less is more – 3 to 5 trades per day – limit your risk per trade and daily/weekly risk.

If you think you can do 100 trades per day you I can 99.99999999..% guarantee you will never make it.

Less is more… so try to enter with high probability with the directional bias and take some off the table early and run the rest for example or trail in etc… and let it run etc..
That is the easiest way to do things in order to get your first working system – trying to get a scalping system Goldman Sachs would pay 10Mil+ for is not going to work here…

So that’s my advice a change of thinking will do you good as I can bet money you will not succeed trying to scalp all day.

So we can look at the entry system and create some kind of filtering condition. You cannot always force a system to work in your budget, you have to get a viable system and understand what it takes to use it… and either it’s too expensive or you got some kind of chance…

So for the reasons above we offer our trading systems for free unlimited for trial/testing research. We dont take advantage of traders financial aspirations, we are straight talking no BS, show it as it is. You can experiment with all our free NinjaTrader strategies forever for sim/demo/backtest purposes – believe your stats – do it correctly don’t go in circles bleeding jumping from 1 system to another as each one goes in and out of winning and losing runs.

Author: MicroTrends

MicroTrends NinjaTrader Certified Consultant and Partners