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Thursday, October 29, 2015

Markers Plus System for Ninjatrader (new version 4)

Markers Plus System for Ninjatrader - Version 4

Hello Traders !

We are presenting the New release of the Markers Plus System which includes a lot of new features.
New features add Limit, Stop, Bid, Ask Orders to the current Market Order and also more powerful filter and trigger condition creation tools ;

But first a brief review about what is Markers TM©

The main feature of Markers TM© is to detect objects painted on the Chart, by an indicator or by the user.
Those objects can be any of the Chart Marker available on Ninjatrader, like Arrows, Dots, Diamonds, etc

Example :

These are standard Ninja Arrows produced at the crossover of 2 lines
To verify if a Marker is a standard Ninjatrader Object, so.. compatible with Markers TM© 
We can double click the signal ( Arrow on this Example )
..and we should get the Object Properties Dialog Box :

If instead of getting the object properties you get nothing or just the indicator parameters dialog box, it is possible those signals are not compatible.

 Once the object is detected, Markers TM© can execute an ATM Order of the following types :

The standard Entry Option present on previous version
  • Enter at Market ( at the exact tick moment the signal is painted )
For a Long Signal with Entry Below the Market :

  • Place a Buy Limit at Bid ± Offset
  • Place a Buy Limit at Ask ± Offset
  • Place a Buy Limit at Object Price Position ± Offset

For a Long Signal with Entry Above the Market :

  • Place a Buy Stop at Bid ± Offset
  • Place a Buy Stop at Ask ± Offset
  • Place a Buy Stop at Object Price Position ± Offset

Same applies for Short Signals

When using non Market Orders, where a Limit or Stop Entry Order is used, we can also specify on Markers TM© for how many bars the Order will be kept alive without fill.
We can also specify if a new signal updates the Entry Order Price.

This new Entry Methods increases a lot the flexibility for our trade setup definition

Example ; if we want to enter at market but not wanting to have much slippage on high volatility moves, we can enter a Long with a Buy Limit at Ask ; this should produce instant fills under normal conditions, and if not filled, the order can be auto cancelled after 1 Bar.

Auxiliary Indicators

We have simplified the set of tools and made them more powerful so they can be used to filter and also to produce signals ;

Now, all the auxiliary indicators produce historical results so we can check and visual backtest our filters and signals.

Any line from any indicator can be copied to a Markers Auxiliary Line using the Copy indicator ( examples ; the lower Donchian line, or the upper Bollinger band, etc )

It is possible to calculate the slope of any line, and also paint a signal when that slope exceeds a threshold. This is the Universal Slope Signal Indicator
It is also possible to calculate the difference between 2 lines, and also paint a signal when that difference exceeds a threshold. This is the Universal Crossover Indicator.

Any of these lines can be matched against maximum and minimum limits to filter Signals.
It is possible to combine unlimited conditions to create complex filter

Now the Trader has all the Tools to create its own Trade Setup, trading a current signal indicator compatible with Markers or creating its own signals and also filtering those signals with all the indicators that each user has installed.

This new Markers Plus is currently on beta testing during the first week of November and will be available for all current Markers Plus Users ( all upgrades are always included )
I will add Videos and trade Setup Examples the following Week

Pablo Maglio

Skype Skype id : pmaglio