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Can you share any updates or problems thus far when trading live with NT7?
Am curious to hear more about your experiences with this live and by which method you used to make executions as in DOM, CT with Atm or Automated Trades etc
Anybody else out there using NT7 to auto trade (not that I wish to or ever will) but still curious to know.
I use the Chart trader with a simple ATM -There are 3 orders: Entry, Stop Loss and Target with OCO if either target or stop loss are hit. My new favorite entry is the rapid click method. Works great for YM, did a 2 car trade in 6e tonight. Will try it this week with CL.
It is based on obfuscation - hiding your movements. Am only trading one contract at a time and hope nobody notices as I build and unwind a position. In the one shown below, after a little whipsawing, I knew a counter trend move down was possible and shorted 10 contracts with a combination of Sell Stops and market orders. Built a position of 10 cars short, felt the stall and unwound one car at a time above my limit of 10083. ATM in Ninja is great as it reduces the number in the limit and stop loss as you reverse the position. Only one of the 10 cars in this trade had a loss. Practiced a lot in SIM doing this and it works well in real $$$ mode.
R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
Cheers ZTR, some good info there m8, thnx for that.
Yes I like the Ninja ATM, I use it with sim with some basic settings and would like follow up to be able to do what in many ways you have just mentioned. Are there any good tutorials around that you could recommend at all?
On the NT forum I asked about their webinars if they save them, but they say they do not and only do them live. I requested to them that they save them so people like me or anyone else in a different continent can review them at a later time and with a fresh mind, as it is tricky shuffling sleep, energy, timezones etc doing that kind of thing as you can imagine.
Saying that, I read another post that you made about a NT7 final version and possibly doing a webinar on NT7, well, may I ask that perhaps you could cover some teachings of your skills on how you apply yourself to different instruments? I reckon it would be good.
Studio88,
I think a webinar for NT ATM usage and strategies could be useful, I want ask Mike if we can plan one.
BTW u could ask this too on this thread
I am sorry to report the video recording for the MultiCharts webinar today was lost. I spent the last 30 minutes trying, but it's useless. We have no video of the webinar. I can tell you why, but my blood pressure is high enough without …
I have used various ATM's for some time now. I have always thought that using them would take the emotion out of an entry/exit situation. It does do that. However, depending on how well you know your instrument, an ATM with a trailing stop can sometimes get you out of a trade that a trader with some skill would otherwise stay in. There is no discretion with an ATM, it just does what you programed it to do.
That being said, they are great for set and forget trading. I have used them for up to three entry orders and various size positions.
I think you will find the basics there and you can build on that with trial and error.
I have since stopped using the ATM for trailing stop. I use it to place the order, the target and the hard stop. I then adjust things around from there if needed. I do let it auto trail sometimes just so I can test a new strategy or something but then I trail manually. I like that much better.
Hope this helps.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
