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Looking for a good Auto Trader for NT 7 or NT 8 to trade futures for me


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Looking for a good Auto Trader for NT 7 or NT 8 to trade futures for me

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  #11 (permalink)
Surrey, UK
 
Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker: Kinetick, InteractiveBrokers
Trading: Equities, Futures
 
Posts: 278 since Jun 2010
Thanks: 110 given, 177 received


justin217 View Post
I have NT7/8 Life license and I was wondering if there was ANY good auto traders out there that someone could recommend to me for USA futures trading while i am at work. I work a traditional 9 to 5 and dont have time to trade but would like the side hustle. I was googling yesterday and came across two, 12Trade Pro and Blue Wave Trading and I found old threads on here for both companies saying their systems are crap. I am a noob to NT and futures. I have about 6 months experience with futures...always been with forex, about 5 years worth of experience BUT I have a large trading account I would like to trade with but auto traders in the forex world are ALL built around and for non US brokers (shady shops) to get around FIFO, leverage etc. so I dont trust the bucket shops with my hard earned money. HELP! Thanks!

Keep well away from Blue Wave unless the owner can back up his extravagant profit claims with brokerage statements.

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  #12 (permalink)
charlotte nc
 
Experience: Master
Platform: ninjatrader
Broker: NinjaTrader
Trading: Emini (ES, YM, NQ, ect.)
 
Posts: 394 since Jan 2015
Thanks: 74 given, 1,016 received

People with profitable fully flushed out trading systems won't sell them on the internet for reasonable prices to the general public. If they are profitable then the pathway to more profits is to scale them (Trade larger size, or multiple accounts, or multiple instruments). There is no logical reason anyone with a profitable strategy would do anything else. If there are systems advertised to make a killer profit that are reasonably priced you should be very afraid of the person selling them. They are either legally insane and are giving away free money for pennies on the dollar or they are scams..... I will let you guess which is more likely.

So what are we left with?

1. Indicator Salesman: Indicators alone do not generate profits, so buying proprietary indicators even if they seem cool, and have some value will not get you a profitable system overall.

2. Trading Guru's / Salesmen: Follow my plan, watch my videos, join my chat room, etc.... I don't think I need to comment here on the value of these, but it's obvious that if you are looking for automation, none of this will have any value assuming it had value to discretionary traders in the first place.

3. People with partially flushed out systems / profitable backtesting but not market tested: This group is probably your only real shot in my opinion. There are people that have a number of profitable systems on testing tools, but only have the time and capital to pursue one of these at a time. So for some people that may have 5 to 10 systems that are profitable via testing they can only pursue 2 or 3 of these with a live a account and then they shelve the rest. For this group, there may be value in having someone take all the risk and market test their systems that were profitable running backrests, market replay, live SIM, etc.

So I think in your case group 3 is what you are looking for. But in order to pitch to this group on here on Futures IO you would need to sell your value, as being willing to risk your money to test systems that only have only been successful on testing platforms and have never been tested in the real market. I think this would create a mutual benefit for both you and those that have developed these types of systems.

Best of luck!

Ian

In the analytical world there is no such thing as art, there is only the science you know and the science you don't know. Characterizing the science you don't know as "art" is a fools game.
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  #13 (permalink)
Dunlap Illinois
 
Experience: Intermediate
Platform: NinjaTrader
Trading: YM
 
Posts: 16 since Mar 2017
Thanks: 18 given, 3 received



iantg View Post
People with profitable fully flushed out trading systems won't sell them on the internet for reasonable prices to the general public. If they are profitable then the pathway to more profits is to scale them (Trade larger size, or multiple accounts, or multiple instruments). There is no logical reason anyone with a profitable strategy would do anything else. If there are systems advertised to make a killer profit that are reasonably priced you should be very afraid of the person selling them. They are either legally insane and are giving away free money for pennies on the dollar or they are scams..... I will let you guess which is more likely.

So what are we left with?

1. Indicator Salesman: Indicators alone do not generate profits, so buying proprietary indicators even if they seem cool, and have some value will not get you a profitable system overall.

2. Trading Guru's / Salesmen: Follow my plan, watch my videos, join my chat room, etc.... I don't think I need to comment here on the value of these, but it's obvious that if you are looking for automation, none of this will have any value assuming it had value to discretionary traders in the first place.

3. People with partially flushed out systems / profitable backtesting but not market tested: This group is probably your only real shot in my opinion. There are people that have a number of profitable systems on testing tools, but only have the time and capital to pursue one of these at a time. So for some people that may have 5 to 10 systems that are profitable via testing they can only pursue 2 or 3 of these with a live a account and then they shelve the rest. For this group, there may be value in having someone take all the risk and market test their systems that were profitable running backrests, market replay, live SIM, etc.

So I think in your case group 3 is what you are looking for. But in order to pitch to this group on here on Futures IO you would need to sell your value, as being willing to risk your money to test systems that only have only been successful on testing platforms and have never been tested in the real market. I think this would create a mutual benefit for both you and those that have developed these types of systems.

Best of luck!

Ian

What do you trade with? What does your system look like?

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  #14 (permalink)
charlotte nc
 
Experience: Master
Platform: ninjatrader
Broker: NinjaTrader
Trading: Emini (ES, YM, NQ, ect.)
 
Posts: 394 since Jan 2015
Thanks: 74 given, 1,016 received

I am using Ninjatrader at the moment, though that may soon change because it is too slow for what I really need it to do.

I am a developer by trade, so I code all my own trading strategies my self. I am not sure what exactly you would like to know, but I am happy to share some things.

My current production code is around 5,000 lines. I use the unmanaged approach https://ninjatrader.com/support/helpGuides/nt7/?unmanaged_approach.htm
It's a poor man's attempt to do high frequency trading. There are some things that I will never be able to do, because I can't read and react to the data fast enough, but there are some things that I can do.

I built all my own logic to handle cancels. I don't use any built in OCO logic because I need more complex logic. I co-locate to optimize my execution times, so I have a reasonable execution speed, but my biggest bottle necks are with the application handling the data feed.

There is no physical look to my system obviously, it's just code that runs in the background. I don't use Charts, DOM's or any visuals or anything. I do run print statements from time to time and refresh the old p&L occasionally but that's about it.

In terms of overall strategy logic... I don't try to predict direction, there are better edges out there than that.

Ian






justin217 View Post
What do you trade with? What does your system look like?


In the analytical world there is no such thing as art, there is only the science you know and the science you don't know. Characterizing the science you don't know as "art" is a fools game.
Visit my futures io Trade Journal Reply With Quote
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