I have written a simple strategy and am trying to guage its performance over short term and long term. The strategy takes first contract off at +10 ticks and then puts a breakeven stop on the second contract at -8 ticks.
I have 2 issues here:
1. When I see the trade summary, Ninjatrader counts 2 contracts as 2 trades, eventhough they were entered as part of the same trade. Is there a way to change the behavior so it is taken as 1 trade?
2. In the summary tab, the number of losing trades count the breakeven stoploss as a losing trade. I would like to know if there is a way to configure/change the trade to be considered as either a neutral or a profitable trade.
That way I can know the actual percent profitability over a longer period while backtesting.
1. There is a "group" option in the reports somewhere, like "Group Trades" checkbox.
2. 0 tick gains are always losers, because of commissions and the cost of entry/exit. Just change your NT to calculate commissions, which is a must anyway, and also be sure to add 1 tick slippage on entries, and then it will make more sense
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.