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Monday, September 30, 2013

Ninjatrader Indicators - 2013-09-30- Trade Log

Crude Oil Futures, November Contract CL 11-13
9 Range Chart - SRS Setup
Long over Global Support and possible Double Bottom with Friday's Low at 101.45

Risk = 15 Ticks ( $150 )

Target 1 below last low pivot ( from the left ) at 101.63 ( + $180 )

Target 2 below main low pivot at 101.79 ( + $340 )

Dow Jones, December Contract YM 12-13
SRS Trending Setup on 8 Range Chart

SRS with the Trend overlapping Global Resistance

Short Entry =  15046
Risk = 14 ticks ( $87.5 )

Target 1 = 15 ticks ( $93.75 )

Target 2 = 30 ticks ( $187.5 )

Gold Futures, December Contract GC 12-13
SRS Countertrend Setup on Range 9 Chart

First Short signal of the day overlapping a possible double top

Risk = 15 ticks ( $150 )
Target 1 = 26 ticks at previous low overlapping global resistance ( $260 )

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Thursday, September 12, 2013

New PMS_EMA Semi Automatic Strategy

In continuation with our Project of upgrading all our Systems to the New Format of Semi Automatic System so We can Auto Trade from Chart Trader...

The Indicator Store presents the New version of the PM_EMA Setup :

This package (PMS_EMA) contains an enhanced Indicator with the following Features :
  • Option to Paint Bars according to Trend
  • Option to Draw Envelope
  • Option to Generate Audio and Text Alerts
  • Offset Option ( New on this Version )
  • Option to specify ATM Name to execute
  • Option to execute trade by Trade ( Button disables after each trade )
  • Option to take all signals ( Buttons remains enabled after trade )
  • Strategy works in slave mode, receiving data from the indicator
  • Bidirectional communication between the Indicator & Strategy
    ( Indicator receives acknowledge from Strategy to enable sending orders )
On the following picture we can see an example where the indicator is ready to send orders, and Short button is enabled, so it will take the next Short Signal :

On the next example picture, the indicator can not communicate with the strategy, so it can not send orders.
Possible reasons ; Datafeed not connected, not receiving data for the selected instrument or the Strategy is not Ready...

We will continue upgrading all our Setups to use this New System.
Next to come ; ATR_BarColor, PM_Reversal (New Setup)

If you are interested in automate any other System, please ask...
We can convert any indicator into a Fully Auto or Semi Automatic System...

Good Trading !

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Wednesday, September 4, 2013

New SRS Semi Automatic Strategy

The Indicator Store present its New Line of Semi Automatic Systems

Our First Product using this system is the SRS.

As you remember, with the SRS we get an Audio and Visual Alert indicating a possible entry :

On the Alert Window We can identify the Symbol ( CL 10-13 ) and the possible entry.

So We watch at the CL 10-13 Chart and place the Entry Order ; a Buy Stop over the Cyan Diamond :

We continue updating the Order Entry Price while the Cyan Dot moves...

... or Cancel the Entry Order if Dot disappears and bars turn gray

The New Version of the Semi Auto SRS includes an updated Indicator that places Buttons on the Chart, as seen on previous pictures.
This indicator has the following Input Parameters, including settings for the ATM name, the same that we use on Chart Trader. So we can control the trade size, trailing stop, targets & Stops from the Indicator, by just changing the ATM Name...

Watch this YouTube Video to see how it works :

Please post any suggestion or question...

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Monday, September 2, 2013

Selling Tops and Buying Lows on Ninjatrader

Selling New Highs and Buying New Lows are known setups with big Profit Potential when we catch a Reversal. But we can also get several losers in Row on a trending or Impulsing Day.
It is always recommended to have some additional confirming factors over the zone we want to Buy or Sell.

We can add structural factors, like a higher time frame wave possible termination, or well known fib retracement, etc.
The more factors providing from different timeframes, the better odds to succeed in our trade.

Looking at technical indicators, we can also look for divergence and/or overbought/oversold indications. 

For example we can look at the MACD ( red line ) making a higher low while price is making new lows :

We can also look at a stochastic (red line) and watch for 2 things ;
  • red line is over a defined value, so it is over bought AND it is going down
  • red line is below a defined value, so it is over sold AND it is going up
See following picture :

If we filter those conditions on the Stochastic, and replace them by dots ; Cyan Dots for Over Sold ( Buy Signals ), and Red Dots for Over Bought ( Sell Signals )
we get this Chart : looks really nice, but we must remember that dots are calculated ( so painted ) after bar is finished, so it is not possible to enter with limit orders.
See this following example :
That means that we have 2 options ;
Try placing a limit order slightly below the open of Bar, near the Close of Signal Bar, or placing a Buy Stop some ticks over the High of Signal Bar.

On The Indicator Store, we have developed a Reversal Indicator as shown on Previous Pictures, that works intrabar, so it shows unconfirmed Signal Dots. That gives us the time enough to place a stop order. After the bar completes, that signal will become on confirmed, so we can leave the order working, or will be removed, so we can cancel our order.
Take into account that if market keeps going down, the unconfirmed signal will be removed and our buy stop order will stay unfilled, so we have enough time to cancel it.

This is a link to the TIS_Reversal Indicator on The Indicator Store WebSite

On this video it is possible to see it working live

This video with no audio will show some examples on real time :

Pablo Maglio The Indicator Store 

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