I will be using this thread to add tips and tricks about NinjaTrader. The more I use it the more I discover and I would to share my experience with you.
I wanted to show you the difference between the different type of charts. The first one is the "normal" 5 minute chart. Then we have a 2000 tick chart and finally a 10000 volume chart.
In a tick chart a new bar is created when 2000 ticks take place. A tick is a transaction, irrelevant of the size of the transaction. For the volume chart, a new bar is created after 10.000 contracts have changed hands. Of course those numbers can be adjusted. For the ES I found out that those numbers are good enough.
The first vertical line shows where the previous day closed and the second vertical bar shows the US open. In the tick and volume chart there is no much activity before US open and therefore fewer bars are created.
I created a short video from my trade. You can see how the ATM (automatic trade manager) works, moving stop loss after a certain level. A 6 min video. may 31.avi - YouTube
When trading futures you need to update every 3 months the contract you are trading. In this video I show you how to do it and I also show you a way to use the ruler. contract change.avi - YouTube
Most of us are using emas and many times we would like to add an ema that is based on a higher timeframe. Let's say that we are on the 1H chart and have attached an EMA(50). We would also like to have attached an EMA(50) that is based on the 4h chart. A shortcut that is not 100% correct would be to add an EMA(200) since each 4H chart is created from 4x1H candles. NinjaTrader has a better way to do this and I am attaching a video that I created that shows how to do it. Simply press the LINK to view the video.
I have been using Ninja Trader for about 8 months after years of using MT4. Are you still using it? I trade Futures FGBL, NQ as my main indexes but also look at DAX and ES. I tend to use 4 tick CRB's. with Bollinger Bands also looking for Divergence on CCI, Stoch or MACD. I was a bit reticent about rejoining the group as I thought it would be all MT4. It's great to find a little corner of NT.
Oh yes, absolutely. I think is the perfect trading tool. I like the futures it offers and I think it is a much better tool than MT4 unless of course you trade with a specific system that was developed for MT4. The same applies for Ninjatrader. If you are using custom indicators developed for Ninja it will be hard to use MT4.
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