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Paper trading and Backtesting
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Paper trading and Backtesting

  #1 (permalink)
Just starting out...
Toronto
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Stocks
 
Posts: 4 since Mar 2011
Thanks: 3 given, 0 received

Paper trading and Backtesting

Hi everyone.

I am trying to learn to Paper trade with Ninjatrader. To me it looks like a learning ground for programmers to hone their tools on automated trading.

What I want to do is to learn trading with EOD charts but Speed up the time line. So that weeks happen faster than real time. To pack my learning into a shorter time frame. Can any one lead me to videos that show how to paper trade with Ninja Trader even how to get the data in it easily.

I can see how powerful it is with indicators. But some one please point the way toward Paper trading resources for it.

Thanks Umlout.

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  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received


Hi,

Your question is extremely broad. It's like asking for a video on how to trade and make money.

Your best bet is to find a friendly broker who can answer your basic questions. Open an account with the broker, and use their data feed in NinjaTrader while playing in simulation mode (paper trading).

For recommendations on brokers you can check here:

Brokers and Data Feeds - Big Mike's Trading Forum

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #4 (permalink)
Just starting out...
Toronto
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Stocks
 
Posts: 4 since Mar 2011
Thanks: 3 given, 0 received

Hi Thanks for your response.

Just to fill you in on info I have a broker but no data package. I am trying to get Ninja trader to paper trade historical charts. I am using free EOD to get data into NinjaTrader.

I am having a tough time to figure out how to get the data in to it and manage the tools.

I find every video, web page and even the help pages, are written to an advanced programmers level. There are almost no videos that show how to use Ninja trader on a basic level to paper trade or regular trade. I realise programers to automate trades are way beyond this level, but everyone like me must start somewhere.

I need to find help resources that show how to place basic trades with EOD data and then to use simulated feeds to place trades with historical data.


I use Freestockcharts.com I am a up and running in minutes with charting and drawing (not related to NT).
I have been working on NT7 for days to get a basic chart up on the screen.

I am taking courses to learn to trade so I don't need help with that specifically.
But I am trying to get NT6 or NT7 to work and understand it.

Even YouTube videos on it would help. or tutorial web pages for NT6
Some good NT learning resources if you have them.

Thanks Umlout

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  #5 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received


umlout View Post
Hi Thanks for your response.

Just to fill you in on info I have a broker but no data package. I am trying to get Ninja trader to paper trade historical charts. I am using free EOD to get data into NinjaTrader.

I am having a tough time to figure out how to get the data in to it and manage the tools.

I find every video, web page and even the help pages, are written to an advanced programmers level. There are almost no videos that show how to use Ninja trader on a basic level to paper trade or regular trade. I realise programers to automate trades are way beyond this level, but everyone like me must start somewhere.

I need to find help resources that show how to place basic trades with EOD data and then to use simulated feeds to place trades with historical data.


I use Freestockcharts.com I am a up and running in minutes with charting and drawing (not related to NT).
I have been working on NT7 for days to get a basic chart up on the screen.

I am taking courses to learn to trade so I don't need help with that specifically.
But I am trying to get NT6 or NT7 to work and understand it.

Even YouTube videos on it would help. or tutorial web pages for NT6
Some good NT learning resources if you have them.

Thanks Umlout

If I understand correctly then Ive had the same experience with ninja trader as you . You wont have historical data in ninja unless you aquire it and load it into ninja or record it yourself and save it . Then the question is where to get the data , if you look in the download section here there is historical data for most of the eminis or youll have to subscribe to esignal or another paid service .

Hope I hepled , Eric

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  #6 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received

Why not just hook up a data feed from your broker? It should be free.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #7 (permalink)
Just starting out...
Toronto
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Stocks
 
Posts: 4 since Mar 2011
Thanks: 3 given, 0 received

Yes this helps. I use Questrade and am in Canada. But don't have the elite version that supplies data.
I will ask them if my version supplies data that NT will take. This might work.

From what I have seen It is a great program. The ability to set a stop and an order simultaneously or automatically scan for specific candle patterns and mark them. This is good stuff. I am just having trouble getting it off the ground so to speak.

Can one record EOD data from Kinetic or yahoo?
I will definitely try the data on the download area. I was already looking at it the other day.

Do either of you have any good learning resources for learning NT?
How did you guys learn it?

This last question would be the most helpful.

Regards
Umlout

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  #8 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


umlout View Post
Yes this helps. I use Questrade and am in Canada. But don't have the elite version that supplies data.
I will ask them if my version supplies data that NT will take. This might work.

From what I have seen It is a great program. The ability to set a stop and an order simultaneously or automatically scan for specific candle patterns and mark them. This is good stuff. I am just having trouble getting it off the ground so to speak.

Can one record EOD data from Kinetic or yahoo?
I will definitely try the data on the download area. I was already looking at it the other day.

Do either of you have any good learning resources for learning NT?
How did you guys learn it?

This last question would be the most helpful.

Regards
Umlout

I am hopeless when it comes to programming, so I never had much success with Ninjatrader.

I would suggest checking out Investor/RT. The programming language is very easy and intuitive, plus they have a vast library of videos on their site (Investor/RT - Video Library). It has a built-in function to download EOD data from yahoo, alternatively you can pay 15$ a month for DTN Market Access. I would highly recommend that, as you get quality data (even 30 days of tick data) going several years back.

I realize this probably reads like a sales ad, so I want to state that I have no affiliation with the company, other than being a happy customer.

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The following user says Thank You to Lornz for this post:
 
  #9 (permalink)
Just starting out...
Toronto
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Stocks
 
Posts: 4 since Mar 2011
Thanks: 3 given, 0 received

I appreciate that. What I am trying to do is speed up my learning. I need something that works offline with data and has a fast forward button. It should also keep track of my papertrade amounts so I can track progress.

As well as be able to use the system for swing and momentum practice as well as a bit of intraday would be nice.

I am not having much luck with NinjaTrader. I got the data in and tryed to record some. It is strange they offer a paper trading account and they offer End of day. But it looks like your can't use both of them together. uggg.

I don't have lots to spend and to learn and pay premium fees for data is crazy to me. I don't think learning should cost this much. Even cheaper delayed data is a better option. (If you go to the store and buy training wheels for a kids bike it doesn't cost you the entire bike and a fee to use the road. If you know what I mean.)

I will look into the program you mentioned. It sounds quite reasonable.

For now all I can do is use what I have and mark a spot on the chart and move it forward manually. It doesn't keep track of my amounts.

I would love to see a whole thread of people just talking about how they learned to trade and see software that they used to do it. The ability to speed up data definitely speeds up a persons learning curve. I could cut months down to weeks..

Thanks
Umlout

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  #10 (permalink)
Trading Apprentice
Nashua New Hampshire
 
Futures Experience: Master
Platform: NinjaTrader, TradeStation
Broker/Data: optimusfutures.com, Optimus Futures
Favorite Futures: TF
 
tradetree's Avatar
 
Posts: 32 since Sep 2011
Thanks: 6 given, 26 received



umlout View Post
I appreciate that. What I am trying to do is speed up my learning. I need something that works offline with data and has a fast forward button. It should also keep track of my papertrade amounts so I can track progress.

As well as be able to use the system for swing and momentum practice as well as a bit of intraday would be nice.

I am not having much luck with NinjaTrader. I got the data in and tryed to record some. It is strange they offer a paper trading account and they offer End of day. But it looks like your can't use both of them together. uggg.

I don't have lots to spend and to learn and pay premium fees for data is crazy to me. I don't think learning should cost this much. Even cheaper delayed data is a better option. (If you go to the store and buy training wheels for a kids bike it doesn't cost you the entire bike and a fee to use the road. If you know what I mean.)

I will look into the program you mentioned. It sounds quite reasonable.

For now all I can do is use what I have and mark a spot on the chart and move it forward manually. It doesn't keep track of my amounts.

I would love to see a whole thread of people just talking about how they learned to trade and see software that they used to do it. The ability to speed up data definitely speeds up a persons learning curve. I could cut months down to weeks..

Thanks
Umlout

NinjaTrader can do a market replay of data and this can be accelerated by 1000 times actual time. You can first store Kinetick EOD data and use it for market replay. If you are struggling to figure this all out, call Optimus Futures and ask for Matt. He will help you out and probably can even setup a free trial of NinjaTrader if that is what you need. That is the broker I use and they are very helpful.

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