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Strategy I

I came up with this trading idea and a programmer did the coding for me. After some optimization, the results look decent. But in real time it could be a different story. Please do not risk your real $. I repeat, please do not risk your real money.

Basically, the strategy will buy on dips within an uptrend, and sell on rallies on a downtrend. For example, if there is an uptrend (as indicated in the Fisher Transform plot in a 9-range bar chart), then looking at the 4-range bar chart, if the price touches lower Bollinger band and turns green, buy close + 1 tick stop limit. To go short, look for a red 4-range bar touching upper Bollinger band with 9-bar Fisher transform in a downtrend. Stop loss order, target, daily maximum loss and break-even stop are all here and are optimizable.

On the parameter screen, 'stop' is initial stoploss order, 'MoveStopAfterMove' is the amount of unrealized profit to show in the current trade before the break-even stop kicks in. 'StopAfterMove' is its 'offset', I set it at 0, so it becomes a break-even stop. The rest of the parameters should be self explanatory.

So far my back testing shows quite good results daytrading 6E, ES, CL and ZS. Please send me a message and let me know what you think.

Category NinjaTrader 7 Strategies

Details: Strategy I
Category: NinjaTrader 7 Strategies

February 8th, 2011
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Comments/ratings

danathetrader February 8th, 2011 06:44 PM

Thanks for sharing i will give it a look .dana

445NDO March 14th, 2011 12:50 PM

Can this be ported to Ninja 6.5

whoisthere48 April 23rd, 2011 08:23 PM

Thanks for posting your creation. I will test it out.

Richard in Colorado

philtrader August 13th, 2011 06:52 AM

thanks, we'll try it.

GTNorthwest September 14th, 2011 03:03 AM

No Comment

bobc635 January 22nd, 2012 10:04 AM

Thanks...will give it a look-see....

bhavn008 November 25th, 2012 11:04 AM

Thanks for sharing. What timeframe on ES should it be run to give the best results?

Jarmat September 15th, 2013 11:27 PM

Thank You much.

pctrdr March 30th, 2014 11:07 PM

Thanks. I look forward to checking it out.

DaFish January 18th, 2016 07:12 PM

Thanks for taking the time to do this. Looking forward to trying it out.