I like this EMA setup. Maybe looking at a smaller time frame chart one can enter earlier with a smaller stop. But most of the time a bullish/bearish flag is forming and hh, hl & lh, ll are hard to identify.
Stop is at the other side of the IB, I'm only optimizing targets, not stops. The target is optimized as a factor of IB size, so the "1.9" run means target = 1.9 * IB size, stop still = 1.0 * IB size. Ideally, I think target should be a factor of a daily ATR, because just using a factor * IB size will not work consistently as the market changes it's degree of volatility, though you'd think the IBs would line up with the market's current volatility, but it might not.
I just don't have a good DB of fresh continuous tick data in Ninja. I'd love to do more tests to, but I literally test each contract separately. I've tried "Merge data" and creating my own CL-##-## and then adding data to it, but I always have problems. Makes me want to go back to Tradestation. Maybe NT7 handles it better, but I don't like using software that not even the vendor thinks is good enough to take out of beta, especially if I want it to manage money for me.
The following 3 users say Thank You to shodson for this post:
I have CL data in TS8 & would be happy to export a file to shodson if he is interested & if perhaps cunparis would tell me exactly how to do it (I know he does just that in the post above, but I am thinking that for a longer data period, shouldn't one of the newer "spliced" contracts be used, which I think would be called something like "@CLZ10" ?). I haven't used these newer continuous contracts, but I think they were desgigned for intraday backtesting - any idea, cunparis ?
The only advantage I see with TS continuous contracts are they avoid having to do the merge manually and they adjust the prices to remove the gaps present at rollover. This is important if one is holding more than 1 day and/or looking at price levels from the past. If one is basing all their decisions on intraday data then the continuous contract doesn't really help much.
There is a ninja indicator for tradestation to do the export. I'm not sure if it works with tick data or not.
You can find info on the ninja indicator for TS here:
I did a nice plan how to trade the inside and outside bar, and until now it work for me nice. iam interested to make it automated, so anyone know where i can find a programer to make a ninja trader strategy? how much that might cost?
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.