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Friday, October 25, 2013

Semi Automatic Systems for Ninjatrader - October Update

Our New Lines of Semi Traders Now Include More User Options :

  • Option to select the ATM from the ToolBar
Now we can change the name of the ATM to be used on next trade by just typing its name on the toolbar, without the need to go to the Indicator Properties :
..so we just focus on defining next trade size and management

I use to have different ATM's saved for different purposes ; quick scalp, big targets ahead with several scale outs, quick trails, etc
And also found the best way to change trade management on the fly is using the Chart Trader ATM Edit to create new custom ATM's to use on the Strategy Toolbar :

  • Option to Select System Behavior when having a position and a New Entry signal happens...

On this example we are trailing the Stop of a Short Gold, but now we have a "possible" reversal signal.
That signal will be confirmed at the close of the bar and we have to take a decision about what to do with the current position..



We have several options in case the long signal is confirmed ; 

  • We can ignore the signal and keep holding our short
  • We can initiate a New Long trade, leaving the current Short as a different separate trade.
  • We can close the short at long entry price
  • We can reverse the position, closing the short at same price where We start the Long
One of the New Input Parameters (Position_Manage) on our New line of semi automatic Systems allows to define all these described methods:

Not Flat and Incoming New Signal Options :
Option
Current Position vs Signal
Result
1) Do Nothing
Same Sign
Different Sign
Original Position Remains
2) Enter New Trade
Same Sign
Different Sign
Increase Trade Size
Long & Short at same time
3) Close Current Position
Same Sign
Different Sign
Do not Apply
Flat
4) Close Current and Enter New
Same Sign
Different Sign
Do not Apply
Reversing

On this video you can see the most important features on our New Line of Semi Automatic Strategies :

Visit our YouTube Video Channel to see more demonstrations about all our systems

Let me know if you have any question.

Best Regards,
Pablo

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Pablo Maglio The Indicator Store 

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