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Blackbird

  #1 (permalink)
 Danyelle 
Montreal - Canada
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP
Trading: MNQ - MES - MYM - NQ
Posts: 10 since Sep 2011
Thanks Given: 1
Thanks Received: 2

Question to BlackBird users.....

Amongst the many Blackbird users in this community, can anyone would like to share with me their trading experience with this particular software ?

Is it a useful tool for trading profitably ?

If yes, can you provide some info that may help me in going forward with this software ?

Your response will be greatly appreciates.

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mwf2220's Avatar
 mwf2220 
Abu Dhabi United Arab Emirates
 
Experience: None
Platform: NinjaTrader
Broker: Philip Capital
Trading: futures
Posts: 163 since Sep 2020
Thanks Given: 1,539
Thanks Received: 383

I bought BB about 2 years ago and it's a great program, although it can be somewhat limiting to trade with if you have multiple set-ups on one chart. If you plan to take a limit order entry on a retracement to a MA, for example, you are kinda stuck with that one option using BB.

If you plan to enter with a market order and your targets are just ticks or ATR's and you want BB to manage these for you, it works great. You can set-up multiple order sets and have different rules for each, but you can't easily switch back and forth between programmed entries without running 2 or more instances of BB.

To me, BB feels like a tool for someone who already has a firm handle on what they are doing. The backtesting is great, but you can accomplish something similar with Raven that comes included with Bloodhound (which I highly recommend).

Hope this is clear and somewhat helpful.

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