Forex with Ninjatrader

January 3rd, 2018, 05:05 PM

bobarian

Thanks Ron,I think th feeds will vary because of the way liquidity is provided.Im a newbie to forex.Are using NT7 or NT8? I asked another question, on the forum.Im looking for a session template.My pivot and swap levels are off.I tried using 24/7 and 24/5.Im using NT7.Another trader mentioned setting session from 5am to 4:59 am.Basically 24 hours.Im not sure how vwap works with forex yet, but i know the start time will change it
thanks, Bob

Using NT8.

I am a little turned off by FX at the moment....lol. I had $80k+ in my FX acct and that was fine. Then I moved funds around and left ~$12k in that FX acct with NT brokerage. Now the fills are real stinko. Accts >= $20k are consider Active Trader status and have a better spread.

Yeah I would not use vwap on FX instruments....won't mean much as I understand it. Levels and momentum, news, trading ranges....thing like this....all filtered though my intuition is how I trade it. But honestly not into it much currently for the reasons I mentioned.

Just right now added CBOE Futures data with IQFEED so I can trade and take a look at CBOE's Bitcoin futures XBT. Have been watching the CME's BTC and I don't really like it at $25/tick. To much risk on this volatile product/instrument. All it trades is 1 lots because of it. I profile volume. I need more/better volume to do my job. Just in the 2 sec I have had XBT up I can see better depth in the book already and the market is closed.

Ron

January 3rd, 2018, 05:21 PM

mrphr

@bobarian VWAP will not work with FOREX remember there is no volume with FOREX however you can use TWAP - Time Weighted Average Price, the calculation is different than VWAP but it works in a similar way it takes the length of the bars or candles into account and not volume, I did use TWAP it in the past.

I saw on your journal that you are using @Fat Tails studies you should definitely talk to him, he have done some coding for me back in the days when I was trading FOREX, he will be able to help you out.

VWAP may work with FOREX in case that the FOREX data provider supplies tick volume. Otherwise it is possible to replace volume with the square of the tick range and get an excellent approximation without using volume.

January 3rd, 2018, 09:12 PM

Blash

Using NT8.

I am a little turned off by FX at the moment....lol. I had $80k+ in my FX acct and that was fine. Then I moved funds around and left ~$12k in that FX acct with NT brokerage. Now the fills are real stinko. Accts >= $20k are consider Active Trader status and have a better spread.

Yeah I would not use vwap on FX instruments....won't mean much as I understand it. Levels and momentum, news, trading ranges....thing like this....all filtered though my intuition is how I trade it. But honestly not into it much currently for the reasons I mentioned.

Just right now added CBOE Futures data with IQFEED so I can trade and take a look at CBOE's Bitcoin futures XBT. Have been watching the CME's BTC and I don't really like it at $25/tick. To much risk on this volatile product/instrument. All it trades is 1 lots because of it. I profile volume. I need more/better volume to do my job. Just in the 2 sec I have had XBT up I can see better depth in the book already and the market is closed.

Ron

Thank you for the information on NT8, and your experience.Ive used vwap for a while, and i like it for context.Heck, my session templates are wrong, so the vwap is wrong as well, even if there was volume.Also, i cant even imagine trading bitcoin.I heard that Goldman was creating a trading desk focussed on the crypto currencies.

January 3rd, 2018, 09:19 PM

Fat Tails

VWAP may work with FOREX in case that the FOREX data provider supplies tick volume. Otherwise it is possible to replace volume with the square of the tick range and get an excellent approximation without using volume.

thank you Fat Tails.That sounds interesting.I used vwap and got used to it because i assumed that institutions use it for futures.Coming over to forex, i knew volume would be an issue.Also, Have you coded a session template for NT7 for forex? Im having difficulty getting correct pivots for the spreads.Im trading eurusd,usdjpy, and a few others that have acceptable spreads.Thanks again, I appreciate the feedback! I just took a look at your twap indicator,,,i wonder if that would be useful.MRPHR mentioned this earlier in the thread.On another thread, i saw a post from a while back you made on session pivots for nt7.You recommended session pivots v1.6.Ive been using the ana weekly and monthly pivots on the NT7 platform.They were ok on the fxcm demo, but not now that ive opened an account.I think its because of the session being incorrect.I have session set to forex on nt7.basically 5pm to 5pm.The quest continues

February 19th, 2018, 06:45 AM

I'm trying to make the move from Metatrader, which has crasshed over 4x in 2 months removing all my zones, to a serious platform but the spreads are ridiculous.
Im seeing that on FXCM the spreadbetting is cheaper then their Forex spreads? What is the difference between the 2?

Would it be an option to use Ninjatrader with FXCM datafeed and then place the trades in another platform? If so what other TrueECN broker uses a serious platform and has a similar datafeed to FXCM

Cheers,

Giacomo

February 19th, 2018, 07:30 AM

Giamsterdam4x

I'm trying to make the move from Metatrader, which has crasshed over 4x in 2 months removing all my zones, to a serious platform but the spreads are ridiculous.
Im seeing that on FXCM the spreadbetting is cheaper then their Forex spreads? What is the difference between the 2?

Would it be an option to use Ninjatrader with FXCM datafeed and then place the trades in another platform? If so what other TrueECN broker uses a serious platform and has a similar datafeed to FXCM

Cheers,

Giacomo

Giacomo, you can certainly choose your broker.Trade the level has a thread here, and he ,as well as a few others, are very knowledgable on this subject

February 19th, 2018, 08:06 AM

bobarian

Giacomo, you can certainly choose your broker.Trade the level has a thread here, and he ,as well as a few others, are very knowledgable on this subject

Thank you! I've send him a message.

Forex with Ninjatrader

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Forex with Ninjatrader