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New NinjaTrader Convert for old method of trading
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Created: by peglegtrading Attachments:3

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New NinjaTrader Convert for old method of trading

  #1 (permalink)
ho chi minh city
 
 
Posts: 52 since Mar 2011
Thanks: 16 given, 9 received

New NinjaTrader Convert for old method of trading

Trying to transfer my system over from MT4 to NinjaTrader 7 but I have two minor tweaks I cannot seem to find the solution for yet.

I need a simple opening range box from the close of NY to the pre-open of London.

With that "ORB" I plot fibonacci extensions but the fib extension tool in MT4 and Ninjatrader are based on a different concept and I am not sure how to adjust. The MT4 version just requires the high and low but the Ninja version requires a 3rd plot which doesn't make much sense (or necessary for my purposes)

My MT4 chart looks like this:


(the first photo in the post, I cannot post a photo yet because of board restrictions for newbies)

As notated, I trade the 161.8, 261.8 and the 423.6 levels.

So how would one go about adjusting the extension levels on the NinjaTrader fib tool to match the MT4 version?

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  #2 (permalink)
virginia
 
Trading Experience: Intermediate
Platform: ninja
Favorite Futures: NQ
 
cory's Avatar
 
Posts: 5,941 since Jun 2009
Thanks: 819 given, 7,673 received

you pick wrong Ninja Fib Tool, Fib Retrace tool needs only 2 points.

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  #3 (permalink)
ho chi minh city
 
 
Posts: 52 since Mar 2011
Thanks: 16 given, 9 received



cory View Post
you pick wrong Ninja Fib Tool, Fib Retrace tool needs only 2 points.

cheers for that.

any idea how to create an "ORB" box in Ninjatrader?

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  #4 (permalink)
Market Wizard
Berlin, Europe
 
Trading Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,793 since Mar 2010
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peglegtrading View Post
With that "ORB" I plot fibonacci extensions but the fib extension tool in MT4 and Ninjatrader are based on a different concept and I am not sure how to adjust. The MT4 version just requires the high and low but the Ninja version requires a 3rd plot which doesn't make much sense (or necessary for my purposes)

As notated, I trade the 161.8, 261.8 and the 423.6 levels.

So how would one go about adjusting the extension levels on the NinjaTrader fib tool to match the MT4 version?

There is some confusion about Fibonacci expansions, extensions or projections. Everybody calls them in a different way. NinjaTrader has two tools

-> Fibonacci Retracements (use for retracements and expansions, which are retracements over 100%)
-> Fibonacci Extensions (use for measured moves and projections)

You just need to use the Fibonacci Retracment tool and add some expansion levels. See chart attached.

Attached Thumbnails
New NinjaTrader Convert for old method of trading-fib-tool.png  
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  #5 (permalink)
Market Wizard
Columbus, OH
 
Trading Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,452 since Aug 2009
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peglegtrading View Post
Trying to transfer my system over from MT4 to NinjaTrader 7 but I have two minor tweaks I cannot seem to find the solution for yet.

I need a simple opening range box from the close of NY to the pre-open of London.

With that "ORB" I plot fibonacci extensions but the fib extension tool in MT4 and Ninjatrader are based on a different concept and I am not sure how to adjust. The MT4 version just requires the high and low but the Ninja version requires a 3rd plot which doesn't make much sense (or necessary for my purposes)

My MT4 chart looks like this:


(the first photo in the post, I cannot post a photo yet because of board restrictions for newbies)

As notated, I trade the 161.8, 261.8 and the 423.6 levels.

So how would one go about adjusting the extension levels on the NinjaTrader fib tool to match the MT4 version?

with the fib retracement tool you should be able to do that:

Attached Thumbnails
New NinjaTrader Convert for old method of trading-6e-09-11-15-min-8_30_2011.jpg   New NinjaTrader Convert for old method of trading-2011-08-30_1620.png  
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  #6 (permalink)
Market Wizard
Berlin, Europe
 
Trading Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,793 since Mar 2010
Thanks: 4,235 given, 26,342 received


peglegtrading View Post
cheers for that.

any idea how to create an "ORB" box in Ninjatrader?

Have several indicators that draw opening range boxes. You would need to specify

-> which is your opening period (the period you take the high and low from)
-> where you want to draw that box (start -- : -- EST, end --:-- GMT)

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  #7 (permalink)
ho chi minh city
 
 
Posts: 52 since Mar 2011
Thanks: 16 given, 9 received

thanks everyone, I got the fibs all sorted out.

now on to the next issue. how to adjust the chart time according to another time zone. I live in Asia so I don't want my charts resetting on my new day but on the European markets new day.

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  #8 (permalink)
virginia
 
Trading Experience: Intermediate
Platform: ninja
Favorite Futures: NQ
 
cory's Avatar
 
Posts: 5,941 since Jun 2009
Thanks: 819 given, 7,673 received

read the description it mentions asia time in there
https://futures.io/free_downloads/ninjatrader-7/indicators/851-download.html?view

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