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Does Ninjatrader optimization really work?


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Does Ninjatrader optimization really work?

  #11 (permalink)
 
Daytrader999's Avatar
 Daytrader999 
Ilsede, Germany
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Big Mike View Post
Too bad no one listens. The OP probably hasn't even come back to this thread after posting. I noticed he hasn't Thanked a single post since he's been on the forum --- not a good sign that he is paying attention

Well, this often seems to be the destiny of people on a forum who are answering questions and trying to help others...

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  #12 (permalink)
 elitetradernyc 
new york, ny
 
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Got it thanks, I'm right here running some optimizations. Will try deleting the cache also and post some follow-ups. Theres definitely some buggy things going on here will let you know.

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  #13 (permalink)
 elitetradernyc 
new york, ny
 
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Does anyone have an optimizer that is "better" than the one in NT7? Could they share?

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  #14 (permalink)
 tornadoatc 
Ft. Lauderdale Florida
 
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elitetradernyc View Post
Does anyone have an optimizer that is "better" than the one in NT7? Could they share?

I believe BigMike mentions using the PH Genetic Optimizer in his Advanced NinjaTrader Strategy Video. Here PH Optimizer

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  #15 (permalink)
 elitetradernyc 
new york, ny
 
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Is this for NT7? Looks like an outdated thread.

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  #16 (permalink)
 HitTheCity 
Melbourne
 
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Big Mike View Post
I forgot to mention -- unless you have a solid track record of multi-year profits as a discretionary trader, stop spending time on automation.

Mike

Probably true in the general sense, but this is not the path that I have taken and I certainly hope I end up being the exception. I'm an inexperienced and honestly quite horrible discretionary trader - not so much due to lack of market knowledge (although I'm still learning every day) but due to heavy definciencies in the psychological side of trading.

My view when I started getting seriously interested in trading about a year ago was that I can either spend my time mastering the psychological aspects, or circumvent them to a large extent by pursuing automation. As a software engineer by trade, there was further apeal to choosing the automation route.

As of today, I'd say I'm highly competent with ninjatrader, know much about the pitfalls that are so easy to fall into in developing an automated strategy and have a decent but continually growing understanding of the forex market (which so far has been my sole focus). I'm not 'there' yet, but neither would I be if I had decided to focus my energies on the discretionary route.

Mike's advice is good and certainly one way of going about it, but you'll hear lots of differing opinions on this board and my approach is to take it all in, but ultimately pave your own path in the way that feels right to you. But always be honest with yourself!

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  #17 (permalink)
 
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 Big Mike 
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tornadoatc View Post
I believe BigMike mentions using the PH Genetic Optimizer in his Advanced NinjaTrader Strategy Video. Here PH Optimizer

No, that was only for NT 6.5 and it does not work reliably/accurately with NT7. The NT7 genetic optimizer is fine, just can't handle bools or enums, so use ints instead and be aware of how a genetic optimizer works and selects its best fit answer.

Mike

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  #18 (permalink)
 
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 bob7123 
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Big Mike View Post
I forgot to mention -- unless you have a solid track record of multi-year profits as a discretionary trader, stop spending time on automation.

Mike

Hi Mike,

This seems like a big one for me. I am not yet at your level of trading proficiency, but I was hoping that exploring automation could help.

Perhaps it is a chicken and egg issue, but to explain my thought process, I've been through the FT71 "4 webinars" and took his coin toss idea to heart. I figured I would go beyond just a coin toss and explore NT strategies as a way to better get a feel for trading statistics.

Also with my little friend BaBar crapping out elephant loads of tick data, I was even thinking of trying to use B/A data in some tests.

Do you think I'm headed in the right direction, or maybe I should modify my approach?

Your thoughts would be appreciated.

-Bob

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  #19 (permalink)
 
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 Big Mike 
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bob7123 View Post
Do you think I'm headed in the right direction, or maybe I should modify my approach?

Your thoughts would be appreciated.

-Bob

I feel that before you can create a successful automated strategy, you should be a good discretionary trader. There are exceptions to this rule, like firms hiring quants, but for most of us normal people you need to have a good understanding of how to be a profitable trader before you can automate that process.

Mike

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  #20 (permalink)
 
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 bob7123 
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Big Mike View Post
I feel that before you can create a successful automated strategy, you should be a good discretionary trader. There are exceptions to this rule, like firms hiring quants, but for most of us normal people you need to have a good understanding of how to be a profitable trader before you can automate that process.

Mike

Me, normal??

I recall Denise Shull once saying that she reminds quants that they too cannot avoid subjective decisions which are susceptible to bias. They may avoid decisions on individual trades, but they usually have several models, and/or parameters for those models that need to be chosen based on varying market conditions.

I also recall in your [great] webinar that you said you looked back in your journal to a time before you were profitable and found setups that looked good, but it was only later that you learned how to properly execute trades in a profitable way.

So I guess you are saying there is no substitute for knowing what you are doing.

On Tuesday's AMA webinar, FT71 said that to build confidence, do homework, meaning become more familiar with the statistics of market behavior. And to paraphrase, stop treating the market like a cricket match.

So, I figure it can’t hurt to wade in a bit on automation, with the limited goal of better understanding market dynamics from a statistical perspective. And most importantly not giving in to holy grail seeking behavior, which for me has taken on 100 disguises.

-Bob

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