Can this be made to an Indicator(HOLY GRAIL) - NinjaTrader Programming | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Platforms and Indicators > NinjaTrader > NinjaTrader Programming

Can this be made to an Indicator(HOLY GRAIL)
Started:February 18th, 2011 (09:05 AM) by bugsbunny Views / Replies:1,811 / 2
Last Reply:February 18th, 2011 (09:09 AM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Can this be made to an Indicator(HOLY GRAIL)

Old February 18th, 2011, 09:05 AM   #1 (permalink)
Membership Temporarily Revoked
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP
Favorite Futures: TF
bugsbunny's Avatar
Posts: 973 since May 2010
Thanks: 1,108 given, 461 received

Can this be made to an Indicator(HOLY GRAIL)

“The 10 Commandments of Discipline”
1. Thou Shalt Not Chase a Move. If you missed the best risk/reward entry, just let the trade
go. Never chase the market.
Thou Shalt Not Trade in Choppy Markets. Trading is not a zero sum game. You lose
money on every trade on both the bid/ask slippage and commissions/fees. Without clear
directional momentum on your side you do not have an “edge” and without an edge you
will not have a profit!
Never trade when the 50 MA is flat!

3. Thou Shalt Not Trade “Kamikazes! (shorting Higher Highs or buying Lower Lows).” These
can look SO good, but because momentum is against you it’s like trying to push a Sumo
wrestler out of the ring.
4. Thou Shalt Not Trade Too Many Contracts for your Account Size. If you lose more money
than you are comfortable with, then you will trade badly. Everyone, even the best traders,
go through periods of days, weeks, and occasionally even entire months of losses. You
need to keep your losses per trade and per day small enough that you can financially
survive a major losing streak without having to refund your account.
5. Thou Shalt Not Trade for the “Action.” Trading is a business, not an extreme sport! Like
any good businessperson, your primary objective is to increase your bottom line.
6. Thou Shalt Guard Your Capital; it is your lifeblood. Without it you can’t trade.
7. Thou Shalt Never Try to Recover Losses. When you have a losing trade, that money is
gone and the trade is done. Trying to get the money back by bending your rules will only
result in more losses. Remember, your rules are what make you money. They’re what is
proven to give you the high-probability trades.
8. Thou Shalt Not Worry About “Missing the Boat.” Your goal is not to catch every move, in
fact you won’t and no one does. Your ONLY objective is to trade your rules, and take the
money the market will give you each week according to those rules. Even though we talk
about “trading the market, in the strictest sense you cannot trade the market, you can
only trade your rules.
9. Thou Shalt Not Place Your Stops Too Close. If you are doing this it’s an excellent
indication that you are not in the right frame of mind for trading and you should not be
trading right now. You can’t trade scared. Stops should be placed where the pattern you
are trading would be broken, and no closer. You must give the market room to wiggle. It
doesn’t move in a straight line. Allow for the bids/asks of individuals to move the market
around messily within your trading setup.
10. Thou Shalt Not Take Profits Too Soon. It’s nearly impossible to make money based on
win/loss ratios alone. Scalping is for the true pros, mostly the floor traders. Your money
will be made by having a respectable win/loss ratio (in the area of 40%-60%) and having
your winning trades be larger than your losing trades. Be patient with the trends and let
them ring up big money for you.

Reply With Quote
The following 3 users say Thank You to bugsbunny for this post:

Old February 18th, 2011, 09:05 AM   #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.


Old February 18th, 2011, 09:09 AM   #3 (permalink)
Elite Member
Lubbock TX
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Stage 5 Trading
Favorite Futures: CL
MWinfrey's Avatar
Posts: 1,878 since Jul 2009
Thanks: 1,448 given, 3,290 received

sure I'll have it done by noon. I will add a little helper that violation of any one of these commandments will cause a sledge hammer to come out of your monitor and strike a convincing blow to the forehead and post a report of the violation to (formerly BMT).

Reply With Quote
The following 4 users say Thank You to MWinfrey for this post:

Reply > Futures Trading, News, Charts and Platforms > Platforms and Indicators > NinjaTrader > NinjaTrader Programming > Can this be made to an Indicator(HOLY GRAIL)

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Wizards Den (Holy Grail II) TheWizard The Elite Circle 1455 September 5th, 2016 06:03 PM
Sim Trading and the Holy Grail tigertrader Traders Hideout 8 January 14th, 2015 07:32 AM
Holy Grail TheWizard Traders Hideout 585 January 3rd, 2015 10:38 AM
Holy Grail Compilation Error HartRend NinjaTrader Programming 3 February 15th, 2011 02:35 PM
I've found the Holy Grail indicator! shodson Traders Hideout 2 February 12th, 2011 06:21 PM

All times are GMT -4. The time now is 03:49 AM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-26 in 0.09 seconds with 19 queries on phoenix via your IP