My Favourite NinjaTrader Strategies are:
MT Generic Signals Trader
MT3 High Low Range Trader
MT ATR Breakout Trader
The MT Generic Signals Trader allows you to drop on to a NinjaTrader chart any number of MicroTrends Signals Indicators or 3rd party indicatorsthat implement the Silver Bullet Interfaces and to effectively trade multple signals, aggregated into 1 signal based on the % majority you define n order to take a trade. E.g. a Open Range + Momentum Trade + Trend Trader + Volume Delta + Order Flow Analysis signals - if 66% are long take the trade long… its awesome and addictive - The next planned version enables you to utilise a host of filter indicators across multiple charts in real-time - another first for MicroTrends :-)
I like the MT3 High Low Range Trader too for day trading- however I often manually filter trades based on HTF chart levels such as year, month, weekly, daily levels/trend support and resistance. Lining up pullbacks to zones where swing traders and position traders will be entering etc. sometimes even with a Bias Filter such as 50EMA, 200SMA or 533WMA.
I look to take trades from one side of the market to the other - often this means stepping in front of a freight train, but there are ways of using price action to determine when its correct to do so… or to stay in the current trade and go for 100%, 200% of the daily range on a trending day… MT ATR Breakout
I like the ATR Breakout on a 100range for FX , 10 Range for Futures - using an ATR Stop loss ( quite huge!) to match the ATR Boundaries. and let it swing trade - amazing huge trades- but hey a lot of pain sometimes too…!
Trading Rant
I have yet to find a strategy that is not 10steps forward and 8 backwards though! sometimes 24 back and 10forwards - which is where most people loose faith - that's the behaviour we need to see and by testing in real-time over a few weeks preferably you see the nature of it and understand if its for you or not. I specialise in 4 to 6 FX markets - 1 it is cheap to trade live in when you need to trial a theory, 2 they are too big to be manipulated, 3 they display wonderful daily ATR and patterns… I am tuned into them and fish their shores…
Understanding the types of market day helps choose an approach… there is some middle ground which works great and not so good depending on the day - so on average its ok to good… that is the aim… probability, expectancy governs the profit/loss . You will hear a load of bs about winning ratios, its vanity on its own.. pure marketing hype.. I can show you a losing system that has a 85% win ratio… you need win ratio and avg risk reward- from them you get expectancy…learn about that…. then also learn profit to maximum draw down ratio… can you stomach it? look at maximum loses versus winners etc…. 99% of what you see on the internet is pure BS! The only way to know is to learn to try it yourself and put the hours in… who the hell are these people who want a personal ATM for £99 without the need to learn? DREAMERS…. people the smart Vendors will take cash from in 1 minute… Don’t Dream… learn to trade like a Pro… it might take you 3 years to 5years… so you need to use money management from the outset to govern the cost of tuition…so you stay alive long enough to get something tangible… You have to work for a living - hard… what you put in is what you get back… You need statistical evidence gained from direct experience with a system over many weeks of structured approach and analysis to create a belief system for whch you can trade with it…
Development and Support Update
We still have much to do and provide in the way of support, focus is currently on re-writing the strategy base engine used by all our strategies to remove the overfill scenario in NinjaTrader - we currently try to control it via general parameter - MT Reversal Over Fill Handling, 0 alert and close, 1 alert and try to resolve, 2, ignore - however - we do not have enough control using the NT intrinsic order management convenience layer -so we are refactoring right now! The great news is that NinjaTrader in their wisdom allow an easy to use wrapper to pass orders through to the Fix layer - the same engine used by software companies charging $10K per month for a license…such as Open Quant…so it must be good eh?
Strategy License model
All strategies are 100% free for sim account trading and always will be this applies for Live and Demo only NinjaTrader licenses. You don’t PAY nada!
Why should you pay if you are not making money with a strategy? There are too many "educator's/software vendors nailing traders with bs... best case advertising and excellent marketing" The only way is via usage and direct experience - if you can use it and have tested for a long enough time you might consider live trading - but only those people who really test this stuff and have patience in the long run win, all traders who do not do this will get "killed off" by the market.. that’s a fact.
Our business model is not to charge then hope you don't ask for a refund within 30days and come back for another product - which is why we don’t employ loads of staff all dedicated at taking money from your pockets which is why we take more time to do stuff I guess.. Our aim is to provide you with a set of tools which enable to do a huge variety of tasks, research and learn and to decided what is good and bad for your trading etc...
With strategies only when you live trade will we ever need a license.
With indicators currently they are all free with Demo versions of NinjaTrader- and will have a limited free trial period on Live versions of NinjaTrader - When you need a license you will be prompted by the software.
Any questions or help needed please get in touch
support@microtrends.co
