Ninja Strategy using locked indicator code

May 21st, 2010, 01:21 AM

Hello

I wanted to know if it is possible to create a strategy using an indicator that is not open source. For example, I am currently a subscriber to EOT pro and it is a commercial indicator closed source. I have some strategy ideas that I would eventually like to develop using some of EOT indicators as well as a few others from other companies.

is it possible to use indicators that I dont know the source code and still call them into action through a strategy?

if so, then is it possible to also create an indicator based on these same closed source indicators?

thanks
Spencer

May 21st, 2010, 02:35 AM

hey spinnybobo,

yes, basicly it is possible!

you have to grab the dataSeries that are given out from the EOT-indi in example + this you can use in a strategy or in an other indicator

especialy from EOT-stuff i know : this works for shure.

for finding out wich dataSeries are given out from an EOT-indi you can use the NT - Strategy-wizard - that can show you the code you have to use + the datas they offer you.

May 21st, 2010, 01:32 PM

in theory it is possible but the indicators will have to expose their dataseries which is unfortunately not always the case.
Ctrl-D will bring up the data box which shows you which values are getting exposed by the indicators on your chart. only these can be used in a strategy.

i found that some vendors who also sell automated strategies wont expose their indicator values.....

May 26th, 2010, 03:54 AM

well - its possible with EOT indicators.

and

with ctrl+D / data-box :
you do not always get all indicator-output / values are getting exposed by the indicators

there can be "hidden" things that are not plotted on a chart but give you useful infos.

these dataseries you only get when having a look in it through the wizard (for non advanced-guys)
or looking in the code (for more advanced coders)

Ninja Strategy using locked indicator code

Discussion in NinjaTrader

Ninja Strategy using locked indicator code