You also need to keep in mind Ninja has major major limitations in this area regarding accuracy.
Day opens @ 74.00
Day high @ 76.00
Day low @ 72.00
Day close @ 73.00
If you buy at the open (74.00) and have a profit target of 75.50, Ninja will say you hit your profit target even if your stop was higher than the day low.
That is because Ninja assumes a best case scenario when dealing with data on the same bar. MultiCharts has the option (and is by default) going to assume a worst case scenario on such events. Now maybe NT changed this in the year since I've used it, but I don't think so.
So just be aware of such a huge limitation and you need to probably use minute data to test with, not daily bars, to get around it.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
Thanks for the reply.
I have gone from Metastock to Bullcharts(Daily) with Tradesim to TS2000i (pirate copy) to Amibroker and IB Traderworkstation and now NT7.
I'm trying to trade like Al Brooks by simply using price actions alone and I really like the NT ATM strategy. This allows me to right click on the chart, place a stop order and everything else gets created for me. I don't have to sweat about getting a initial stop in, setup a trailing stop etc. Then relax and fine tune.
BUT, I have just spent the last two days fighting the NT language, trying to create and test a strategy for my father.
Basically enter on traps.
I am a programmer by trade, admittedly pascal, assembler etc but it's not the C construct it's bloody NT.
Why is something so simple so hard. Trying to get yesterdays OHLC and by on a transition of one of these.
You keep referring to Multicharts and you have probably answered this question a million times here already but whats so great about it that kills NT? Why make the big change?
And yes I do appreciate the huge learning curve again. So it must be something monumental that has changed you?