Indicator Types, best usage for trend following - NinjaTrader | futures io social day trading
futures io futures trading


Indicator Types, best usage for trend following
Updated: Views / Replies:1,384 / 2
Created: by confusedxx Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • 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.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Indicator Types, best usage for trend following

  #1 (permalink)
Trading Apprentice
Switzerland
 
Futures Experience: Beginner
Platform: Ninjatrader
Favorite Futures: Futures
 
Posts: 9 since Feb 2014
Thanks: 1 given, 2 received

Indicator Types, best usage for trend following

Hello All,

I am trying to define a Trend following strategy to be used with NinjaTrader. I would like to eventually automate the strategy since I still work a day job.

I have read several books and been looking at the charts, but still rather new. So I want to brainstorm my ideas here and see what the more experienced traders say. I am looking for more the longer term trend trades and was thinking about nearly all markets (Forex, Futures and Equities).


Trend Following Strategy Indicators I am considering:
Donchian Channel - This would indicate when a trend is in breakout. Meaning price has broken out of the channel

CCI - This would indicate when the instrument is over bought or over sold. Thus giving me a sign that consolidation is happening and a potential reversal on the trend.

ADX - this indicates the strength of the trend
My rough idea would be as follows:
1. Check if trend exists - ADX indicator provides this
2. Check if breakout is likely (how close to Donchian Channel top or bottom) and strength of trend from ADX
3. Enter long or short based on above and exit as CCI begins to show over bought or over sold or when ADX shows trend weakening
General Trend and Indicator Questions:
1. Which is an earlier indication on changes in a trend - ADX or CCI?
2. Donchian Channel might be good for Break out, but I am not sure if that will exclude me from riding trends that stay within the channel
3. What is a good chop indicator to tell me when to avoid trades or risk being stopped out?
4. How would Renko bars help this versus looking at price candles?
5. What changes or other indicators would you recommend?
Thank you for your help for a new guy and I am looking forward to growing with the community here.

Reply With Quote
 
  #2 (permalink)
Trading Apprentice
Detroit, MI
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 1 since Nov 2014
Thanks: 0 given, 0 received

Hey confusedxx,

Brand new to this forum. I started a few months back looking at chart pattern and doing pattern recognition to find breakouts, ranking performance per industry and then buying/selling on good breakouts in those highly ranked industry. I like it and it was something that felt natural. Since then I have flocked more towards trend following, something about it convinced me that is where I want to be.

I am brand new to ninjatrader and the actual execution of trend following. I have just been reading a ton and I am trying to transition to the application phase. Ninjatrader is a little overwhelming, but I have been watching some tuts and think I am on my way.

I wanted to reach out to you to see how those indicators you considered have been working for you and how the rest of your trend following journey has been going? Any input you might have or direction you could push me would be great.

Thanks!

Reply With Quote
 
  #3 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Ninjatrader / Optimus Futures / AmpFutures
Favorite Futures: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,001 since Aug 2009
Thanks: 802 given, 1,367 received


Hey @rkovach11

Best to add the '@' symbol before the user name so that they will be alerted when they login.
Like this:

@confusedxx

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Reply With Quote

Reply



futures io > > > > Indicator Types, best usage for trend following

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
trend line indicator sehgasan NinjaTrader 8 February 6th, 2016 10:04 PM
trend channel indicator available? subterfuge NinjaTrader Programming 22 August 28th, 2015 04:30 AM
Trend indicator rdixey Elite EasyLanguage Automated Trading 5 January 24th, 2014 07:00 PM
Indicator moving with trend ankityadav MetaTrader 1 October 11th, 2013 06:14 PM
Counter trend Indicator emini_Holy_Grail Traders Hideout 15 February 13th, 2010 01:27 PM


All times are GMT -4. The time now is 01:54 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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 2017-12-11 in 0.07 seconds with 19 queries on phoenix via your IP 54.226.34.209