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/

Get started with Day Trading Generic Signals Workspaces for NinjaTrader

  1. Install the latest version of the MTNTF7 installer – this contains the workpaces.
  2. Select the correct installation options to install the workspaces
  3. Start NinjaTrader and connect to datafeed and open then workspace
  4. Change chart dataseries to super renko and save as a workspace name of you choice
  5. Show chart trader to practice trade the signals – keep stats, conduct a backtest
  6. You can add or remove the signals indicators as you wish – for more details on signals indicators please visit the MicroTrends help desk knowledge base/Articles for Signals Indicators

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how to get started trading with NinjaTrader MicroTrends Trading Systems

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10 Easy steps to start trading risk free for free when using NinjaTrader for demo/sim trading

See below for full Guidance details of installing and configuring/using NinjaTrader

  1. Download & Install the NinjaTrader FREE Trade Platform
  2. Get a Datafeed or trading acocunt with a datafeed included
  3. Configure NT with the Datafeed/Account Connection
  4. Download free ninjatrader custom bars, free trial indicators & Import to NinjaTrader
  5. Restart NinjaTrader
  6. Connect to the datafeed
  7. Open a chart with the custom bars or your choice of bars
  8. Add the indicator/s to the chart, learn how to work with charts, indicators & workspaces
  9. Show chart trader and configure for trading sim/realtime ready for trading, get setup for manual order entry with a basic automatic trade manager – or use an advanced trade management system for free on demo/pay for live trading such as the MTDS7 NinjaBuddy Trade Manager for automatic trade management
  10. Practice realtime/sim trading using indicator signals & create your system rules, log your stats in excel or a trade journal and perfect your trading skills to become a winning trading.

NinjaTrader Trade Platform – Guidance

NinjaTrader 7 Help Guides

  1. http://ninjatrader.com/support/helpGuides/nt7/
  2. Install: http://ninjatrader.com/support/helpGuides/nt7/installation.htm
  3. Connect to data: http://ninjatrader.com/support/helpGuides/nt7/connecting.htm
  4. Create a Chart: http://ninjatrader.com/support/helpGuides/nt7/creating_a_chart.htm
  5. Working with indicators: http://ninjatrader.com/support/helpGuides/nt7/working_with_indicators.htm

NinjaTrader 8 Help Guides

  1. http://ninjatrader.com/support/helpGuides/nt8/en-us/
  2. Install: http://ninjatrader.com/support/helpGuides/nt8/en-us/installation.htm
  3. Connect to data: http://ninjatrader.com/support/helpGuides/nt8/en-us/connecting.htm
  4. Create a Chart: http://ninjatrader.com/support/helpGuides/nt8/en-us/creating_a_chart.htm
  5. Working with indicators: http://ninjatrader.com/support/helpGuides/nt8/en-us/working_with_indicators.htm

getting started with the ultra high precision trend trader discretionary manual trading system IS USAR

The IS USAR settings allow you to have background colors, color bars and you can also switch on Signals..   You can get the single indicator IS USAR from indicatorstrategies.com – buy one get one free!

Try the defaults and set on
Signal mode 1025
Signal Filter Mode 1

see attached chart/parameters

so you get many types of signal
1. USAR Trend Reversal
2. USAR Median crossovers in the direction of the trend

Also try
Signal mode 1041
Signal Filter Mode 1

Try them also with super renko or unirenko bars.
Please get them from here: import and restart
http://microtrends.co/ninjatrader-downloads#NTCB
try Super renko 2: 5,10 – for EMD,CL,NQ, TF for most things etc- 4 for ES, or 20 tick for FDAX/HBO/ RB and very fast markets
Chart 15 days
Chart session template: default 24/7

you can select a parameter and read the descriptions etc.
Also you can add more plots on or off to show the bands for example

MTNF7 + MTDS Ultimate Indicator, Strategy, API & Trade Manager Pack

Free for Demo & sim Trading – unlimited FREE for sim trading – license required for live trading only – after 30 day live license trial!

The MTNF7 + MTDS Ultimate 7 – License Deal will save you many $1000s …when you consider competitors sell less sophisticated software for a 5 x multiple for just 1 system you cannot change,  a 1 trick pony, where as with this deal you get maximum flexiblity, grey box systems multiple systems and even white box open source to allow you to modify and code your own- All licenses are for 2 machines per Sale – and of course you get unlimited trials and free sim trading forever – making MicroTrends unique in the NinjaTrader community!

>>>Get Started for FREE Download now – There is no risk, no obligation and no credit card required. Free for Demo & sim Trading – license required for live trading only!

mt-strategy-anatomy
MTNTF7 Strategy Anatomy of a Trade
MTDS7 powering the Woodies AutoTrader
Multiple time Frame- Text Book Higher Time Frame Setup and IntraDay Trade Entry
MTNTF7 Multiple time Frame- Text Book Higher Time Frame Setup and IntraDay Trade Entry
multiple time frame multiple signal & Trend Analyzer with alerts & email signals
MTNTF7 multiple time frame multiple signal & Trend Analyzer with alerts & email signals
MTNTF7 MT Signals Indicators Overview - Graphical Anatomy of Trade Signals
MTNTF7 MT Signals Indicators Overview – Graphical Anatomy of Trade Signals

>>>Get Started for FREE Download now – There is no risk, no obligation and no credit card required. Free for Demo & sim Trading – license required for live trading only!

MTNT7/ MTDS7 Ultimate includes the following:

  1. MTNTF7 Indicator Pack
  2. MTNTF7 Strategy Pack
  3. MTNTF7 Easy Trader
  4. MTNTF7 API
  5. MTDS Indicators
  6. MTDS Strategies
  7. MTDS NinjaBuddy
  8. MTDS SDK API
  9. >Multibroker Live Time License for 2 machines+ Free Unlimited Updates
  10. > FULL Priotized Support in all areas to get you setup and started – templates, workspaces, settings, feature assistance and advice on usage of automated trading and discretionary trading systems

>>>Get Started for FREE Download now – There is no risk, no obligation and no credit card required. Free for Demo & sim Trading – license required for live trading only!