NexusFi: Find Your Edge


Home Menu

 





NT8 stoploss protector


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one MiniP with 7 posts (3 thanks)
    2. looks_two Kaimu with 5 posts (2 thanks)
    3. looks_3 DavidHP with 3 posts (0 thanks)
    4. looks_4 ycomp with 1 posts (1 thanks)
      Best Posters
    1. looks_one ycomp with 1 thanks per post
    2. looks_two Nicoals with 1 thanks per post
    3. looks_3 MiniP with 0.4 thanks per post
    4. looks_4 Kaimu with 0.4 thanks per post
    1. trending_up 3,297 views
    2. thumb_up 7 thanks given
    3. group 7 followers
    1. forum 16 posts
    2. attach_file 2 attachments




 
Search this Thread

NT8 stoploss protector

  #1 (permalink)
 
MiniP's Avatar
 MiniP 
USA,USA
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES,
Posts: 1,157 since May 2017
Thanks Given: 1,109
Thanks Received: 2,943

After contributing to one of the other threads about taking all the possible temptations of trading away so you have less of a chance of making mistakes it got me thinking.

I personally use NT8 and my biggest issue has always been moving stoploss. I'm a price action trader and if I think price still has more wiggle room I will move my stoploss but sometimes this ends up shooting me in the foot and after some calculations its much wiser for me to eat the loss and renter at a more advantageous price.

With that said I am looking to see if NT8 can be programmed a certain way to make this temptation go away.

Basically what I am suggesting is locking the ATM strategy so you can not modify it when its submitted.
And if you close the the stoploss/take profit lines (pressing the x) it would close the trade out.

I think this could end up helping lots of folks and especially new trader's

I've spoken with ninja support and after a long discussion they basically said rhitmic can do this but it is not guaranteed it will work and would be better setting an overall account limit then trying to do this on a per trade basis.

My programming skills are little to none and hoping someone from the community can chime in

I know we have a programming sub form but this get much more traffic

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Deepmoney LLM
Elite Quantitative GenAI/LLM
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Better Renko Gaps
The Elite Circle
 
  #2 (permalink)
 
DavidHP's Avatar
 DavidHP 
Isla Mujeres, MX
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
Frequency: Every few days
Duration: Minutes
Posts: 1,609 since Aug 2009
Thanks Given: 11,328
Thanks Received: 2,743


MiniP View Post
Basically what I am suggesting is locking the ATM strategy so you can not modify it when its submitted.
And if you close the the stoploss/take profit lines (pressing the x) it would close the trade out.

I think this could end up helping lots of folks and especially new trader's

I've spoken with ninja support and after a long discussion they basically said rhitmic can do this but it is not guaranteed it will work and would be better setting an overall account limit then trying to do this on a per trade basis.

My programming skills are little to none and hoping someone from the community can chime in

I know we have a programming sub form but this get much more traffic

-P

You should create a strategy to do this and not the ATM.
The ATM is designed to allow for changes by the user.
Strategies can be programmed to either close themselves if you move the stop / target or not allow it at all.

If you create a strategy and close the ATM and Chart Trader, you can't close the trade unless the strategy closes it.
The problem with this is you lose control in case you MUST get out.

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
  #3 (permalink)
 
MiniP's Avatar
 MiniP 
USA,USA
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES,
Posts: 1,157 since May 2017
Thanks Given: 1,109
Thanks Received: 2,943



DavidHP View Post
You should create a strategy to do this and not the ATM.
The ATM is designed to allow for changes by the user.
Strategies can be programmed to either close themselves if you move the stop / target or not allow it at all.

If you create a strategy and close the ATM and Chart Trader, you can't close the trade unless the strategy closes it.
The problem with this is you lose control in case you MUST get out.

that's what I was originally thinking but like you said there is no off button and with the atm if you were to press X on the side it "would" close.

I don't know jack about programming but is there a way to create an external button that would over ride the strategy ? almost like a IF statement x happens until button press

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #4 (permalink)
 
DavidHP's Avatar
 DavidHP 
Isla Mujeres, MX
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
Frequency: Every few days
Duration: Minutes
Posts: 1,609 since Aug 2009
Thanks Given: 11,328
Thanks Received: 2,743


MiniP View Post
that's what I was originally thinking but like you said there is no off button and with the atm if you were to press X on the side it "would" close.

I don't know jack about programming but is there a way to create an external button that would over ride the strategy ? almost like a IF statement x happens until button press

-P

Yes, almost anything can be programmed with enough effort.
Usually I program a way to have a tool bar button that will close the trade, go long, go short etc.
But that is because I am paranoid from dealing with computers for the last 40 year.
Here is an example:
(I have most everything programmed into NT7)
(I am now experimenting with NT8 so not well developed in the first image)
NT 8
The STRAT drop down is what you see on the image (OFF/AUTO etc)


NT 7
This has buttons for most things at the top plus two drop downs.
The STRAT one is for different stop follows and can be ON/OFF.
ALL of the buttons and drop downs can be programmed to do anything in the script.


Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
  #5 (permalink)
 
MiniP's Avatar
 MiniP 
USA,USA
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES,
Posts: 1,157 since May 2017
Thanks Given: 1,109
Thanks Received: 2,943


DavidHP View Post
Yes, almost anything can be programmed with enough effort.
Usually I program a way to have a tool bar button that will close the trade, go long, go short etc.
But that is because I am paranoid from dealing with computers for the last 40 year.
Here is an example:
(I have most everything programmed into NT7)
(I am now experimenting with NT8 so not well developed in the first image)
NT 8
The STRAT drop down is what you see on the image (OFF/AUTO etc)


NT 7
This has buttons for most things at the top plus two drop downs.
The STRAT one is for different stop follows and can be ON/OFF.
ALL of the buttons and drop downs can be programmed to do anything in the script.


the first image is basically what im looking for but making the s/l locked
you have it to exit all and instead of having a auto entry you can enter long or short for x amount of ticks and then exit like a normal atm

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #6 (permalink)
ycomp
Europe-ish
 
Posts: 177 since Sep 2013
Thanks Given: 12
Thanks Received: 58

How do you get the handle of the toolbar to be able to work with it?

Reply With Quote
Thanked by:
  #7 (permalink)
 
DavidHP's Avatar
 DavidHP 
Isla Mujeres, MX
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
Frequency: Every few days
Duration: Minutes
Posts: 1,609 since Aug 2009
Thanks Given: 11,328
Thanks Received: 2,743


ycomp View Post
How do you get the handle of the toolbar to be able to work with it?

You can search in the downloads section for "Toolbar" for some script.

Here is one example:


Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
  #8 (permalink)
 
MiniP's Avatar
 MiniP 
USA,USA
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES,
Posts: 1,157 since May 2017
Thanks Given: 1,109
Thanks Received: 2,943

if anyone would like to take this on let me know I'd be willing to pay a little bit but ultimately it will end up for free on here so let me know.

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #9 (permalink)
 
Kaimu's Avatar
 Kaimu 
Madrid - Spain
 
Experience: Advanced
Platform: Ninja
Trading: ES,NQ
Posts: 315 since Mar 2012
Thanks Given: 883
Thanks Received: 346


MiniP View Post
if anyone would like to take this on let me know I'd be willing to pay a little bit but ultimately it will end up for free on here so let me know.

-P

@MiniP

Have you take a look at this tool?

https://daytraderprofesional.com/herramientas/guardian-angel-trader

Cheers

Reply With Quote
Thanked by:
  #10 (permalink)
 
MiniP's Avatar
 MiniP 
USA,USA
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES,
Posts: 1,157 since May 2017
Thanks Given: 1,109
Thanks Received: 2,943



ignacio90 View Post

thats a good price, do you currently use this?

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Visit my NexusFi Trade Journal Started this thread Reply With Quote




Last Updated on June 28, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts