Confirmation indicator - futures io
futures io



Confirmation indicator


Discussion in NinjaTrader

Updated
    1. trending_up 161 views
    2. thumb_up 0 thanks given
    3. group 2 followers
    1. forum 1 posts
    2. attach_file 1 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

Confirmation indicator

(login for full post details)
  #1 (permalink)
 cskafan123 
Chicago
 
Experience: Beginner
Platform: NinjaTrader
Trading: furures
 
Posts: 41 since Jul 2020
Thanks: 7 given, 14 received

Hello all,

I would like to ask for your wisdom on the following question. I am trying to use MACD crossover strategy combined with the 200 EMA line to trade NQ. The setup is this.

On an uptrend, I enter long when the MACD crossover happens below the 0 reference line and the price action (Renko bars) first touches down the 200 EMA and then closes above it (3rd bar above the 200 EMA). I use ninzarenko 12/2 bars. The strategy has shown some promising trades, however, there were some trades that the entry set up was good (as per description) but after the 4th Renko bar it reversed direction and I got stopped out. That's ok, it is part of the trading and I understand that, but I would like to ask all of you kind people out there which indicator should I add to the above strategy in order to have a better understanding of whether the price will revert or will continue moving up.

Thanks much.

Below I attached 2 screenshots for better visualization. The first one shows a successful entry and exit. Second, on shows a potential stop loss reached.


P.S For those who trade NQ what is your favorite risk-to-reward ratio?

Attached Files
Register to download File Type: pdf MACD crossover startegy.pdf (205.0 KB, 18 views)
Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
Move SL or TP with pointer and keys
NinjaTrader
NT8 - Footprint Chart adding on code
NinjaTrader
Pinescript to EL conversion - ema cloud indicator
TradeStation
Hey! Is there a way to change the date and symbol on a c …
EasyLanguage Programming
Moving Average Price Scan
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
12 thanks
Cycle Analysis... a way of looking at price action.
8 thanks
Want your NinjaTrader indicator created, free?
7 thanks
Basic Education for Beginner Trader
7 thanks
TST/OneUp/LeeLoo/Earn2Trade
4 thanks
 
(login for full post details)
  #2 (permalink)
 romus 
Legendary Wicked Trader
Melbourne, VIC, Australia
 
Experience: Intermediate
Platform: NinjaTrader
Trading: SPI
 
Posts: 567 since Dec 2010
Thanks: 1,473 given, 2,161 received

@cskafan123,

I can suggest to try and test successfully the strategy on time bars first (or ticks) as Renko is behaving badly when it comes to trading live.
Results on testing will usually "improve" with the increase of the size of Renko bar.

Sometimes to change the filter (MA) may help to get better results.

You can try to test all possible timeframes and chart styles to compare results.

Some indicators like Stochastic, Williams%R and RSI may be of help to pinpoint the cycle and confirm change of direction.

Cheers!

When nothing goes right... go left
Reply With Quote


futures io Trading Community Platforms and Indicators NinjaTrader > Confirmation indicator


Last Updated on June 22, 2022


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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