Algorithmic trading systems selection for NinjaTrader

Trader Question:

Please help me understand Algorithmic trading systems selection for NinjaTrader, how do i choose the right robot there is so many to choose from the MTDS, MTNTF, MTU7. PLEASE ADVISE!

MT Answer:

Free users are welcome to experiment  free forever unlimited on sim/demo trading and use the free online resources of of the 24/7 Help Desk: https://microtrends.zendesk.com/hc/en-us and the MicroTrends Help Desk Forum of previously answered questions and articles:  https://microtrends.zendesk.com/hc/en-us/community/topics

Paid for users on the Gold Plan get  in depth support and assistance/ tempaltes basic advice get started advice and documentation structure delivered by drop box/ and data on the Platinum Plan we setup a server and a set of models/templates and mentor on how to approach/ backtest/ collate stats and  work on pre-production and sim/live trading models and and manage that process but it is always the trader who makes the decisions – we simply accelerate the learning curve and facilitate it all.

What is the Right Algorithmic Trading System Robot for me?

Over time – The right robot is one you have selected based on your direct experience and understanding:
You would have backtested, out of sample tested, traded in pre-production and selected for your style/ availability & capital
And you will have tracked all your systems/tests and collated all the data at all stages with notes so you understand what you tested in the past and why you arrived to the present – you will know which robot works when and why and you can match it to the current market phases and decide if its tenable to use etc
you will correlate it to market ranges/ volume/ trends and price cycles so you will know why and when to use it and when not to and you can have several – for example a breakout or a trend model and or mean reversions

The Tools are here for that: Automated trading
https://s3.amazonaws.com/microtrends/docs/MicroTrends+NinjaTrader+Approaches+and+Tools+for+Automated+Trading+success.pdf

you will want data too: tickdata
https://www.tickdata.com/product/historical-futures-data/

Getting Started:
we suggest starting with a simple robot – such as the MTDS SDK USAR – and understanding all the basic parameters – then moving to a MTu7 if required – MTU7 is a combination of MTDS7 + MTNTF7 signals indicators

GET STARTED with MTDS7
https://microtrends.zendesk.com/hc/en-us/articles/217164386-MTDS7-New-User-Orientation

MTDS7 USAR Trader Modes:
https://s3.amazonaws.com/microtrends/docs/MTDS7+SDK+USAR+Trader+Modes.pdf
There is a section for templates, tools and bars downloads – They are called just Uni Renko or Super Renko

MTu7 – Structured learning approach – after MTDS7 mastery
https://microtrends.zendesk.com/hc/en-us/articles/115001234303-Structured-Learning-approach-for-MTu7-Strategies

Resources & TIPS
https://microtrends.zendesk.com/hc/en-us/articles/115002165203-Installing-and-getting-started-with-MicroTrends-NinjaTrader-7-Strategies-Automated-Trading-Systems
https://microtrends.zendesk.com/entries/65133859-Prepare-NinjaTrader-7-for-AutoTrading
https://microtrends.zendesk.com/hc/en-us/articles/115000299263-NinjaTrader-7-Hangs-after-clicking-the-Strategies-Menu-to-display-strategy-list

Suggested Reading

New Market Wizards
Way of the Turtle –
Mechanical trading systems – Earik Beann
Mechanical Trading Systems – Pairing Trader Psychology with Technical Analysis – RICHARD L. WEISSMAN

Now you need to understand this also
http://www.vantharp.com/tharp-concepts/expectancy.asp
http://www.learningmarkets.com/determining-expectancy-in-your-trading/

Getting started NinjaTrader automated trading installation video and guidance

Getting started automated trading installation video is now added to the NinjaTrader Downloads page along with the downloads documentation

Getting started with MicroTrends NinjaTrader 7 automated trading systems 100% free for demo sim trading

MTNTF7 Strategies are deprecated and due for complete removal.

For the automated trading we have the MTu7 free for demo & Sim Testing
http://microtrends.co/ninjatrader-downloads#MTU7
This is a combination of the MTNTF7 signals indicators + MTDS7 Strategy Trade Engine –

GET STARTED with MTDS7
In fact i would start with this package MTDS7 – http://microtrends.co/ninjatrader-downloads#MTDS
https://microtrends.zendesk.com/hc/en-us/articles/217164386-MTDS7-New-User-Orientation
look at the SDK Samples – MTDS SDK USAR – many templates and bar types for you to experiment with etc..

MTDS7 USAR Trader Modes:
https://s3.amazonaws.com/microtrends/docs/MTDS7+SDK+USAR+Trader+Modes.pdf
There is a section for templates, tools and bars downloads – They are called just Uni Renko or Super Renko
Please install these free NT7 Bars
https://microtrends.co/ninjatrader-downloads#NTCB
Always make sure you set a strategy parameters Historical Fill processsing to ” MTDS On Close”

MTU7
When you are comfortable with MTDS7 you can conside the MTu7 Strategies
Structured Learning Approach for Strategies MTu7
https://microtrends.zendesk.com/hc/en-us/articles/115001234303

Resources & TIPS
https://microtrends.zendesk.com/entries/65133859-Prepare-NinjaTrader-7-for-AutoTrading
https://microtrends.zendesk.com/hc/en-us/articles/115000299263-NinjaTrader-7-Hangs-after-clicking-the-Strategies-Menu-to-display-strategy-list

Automated trading
https://s3.amazonaws.com/microtrends/docs/MicroTrends+NinjaTrader+Approaches+and+Tools+for+Automated+Trading+success.pdf

Suggested Reading

New Market Wizards
Way of the Turtle –
Mechanical trading systems – Earik Beann
Mechanical Trading Systems – Pairing Trader Psychology with Technical Analysis – RICHARD L. WEISSMAN

Now you need to understand this also
http://www.vantharp.com/tharp-concepts/expectancy.asp
http://www.learningmarkets.com/determining-expectancy-in-your-trading/

John offers a course on day trading – a discretionary systematic manual entry system + automatic trade management & exits etc
http://microtrends.co/day-trading-emini-coach/

Please let us know if this resolves your support request or if you have further questions on this matter or if we can close this ticket. For a new question or support request please send in a new support request to support@microtrends.co or visit our help page here: http://microtrends.co/support-help-center

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