Any Auto trading Strategy working Good

[BobyGill]

Hello,,, Is there any Auto trading Strategy which is working good and Traders are making money on regular use?

Thanks in Advance

[NinjaTrader_Kyle]

Hi BobyGill,

Thank you for your post.

We will leave this thread open for the comment of other NinjaTrader users however, in the meantime, I would recommend that you take a look through our partner page to see if anything peaks your interest: http://www.ninjatrader.com/Ecosystem/NonBroker.php#78

[StockFundoo]

This is a ever-open and most asked question!

The answer depends on few variables such as, which instrument, which timeframe and how much leverage to name a few.

Few examples, one may use simple indicators on technical charts and result will be a strategy, that might do good in certain periods. For example, a trend following one, may do well in trends, but give away part of profits in lean periods.

Some other popular strategies are to fade the trend, scalp, trade spreads, trade pairs etc.

But not all strategies will work at all times. Again boils down to the variables i mentioned above.

[emily28]

if anyone knows any specific good strategies to try out please message me.
I have had the hardest time getting anything going.

thank you

Emily

[koganam]

if anyone knows any specific good strategies to try out please message me.
I have had the hardest time getting anything going.

thank you

Emily

You are probably going to have to be much more specific about that which you seek. I doubt that anybody is giving away profitable working strategies.

[emily28]

You are probably going to have to be much more specific about that which you seek. I doubt that anybody is giving away profitable working strategies.

thats understandable, i was just hopeful someone would private message me and say heres a good strategy to try out as a beginner or something.

i mean its at least more likely to happen with this thread than without it.

[koganam]

thats understandable, i was just hopeful someone would private message me and say heres a good strategy to try out as a beginner or something.

i mean its at least more likely to happen with this thread than without it.

My response may not have come out quite right. While cost was certainly an element, it was not the real focus of the response. I was talking more about identifying what kind of strategy you are looking for. More along the lines of my response in this thread: https://www.ninjatrader.com/support/...ad.php?t=59817

[jonescd]

Funny how noone directly answered BobyGill's question. Makes we wonder if anyone who is a retail investor is actually profiting with an automated trading bot. From looking at this forum I find noone stating that they are profiting. Just chatter about programming.

[sledge]

This is a support forum.

If you are looking for other things, there are dedicated websites on the internet.

[jonescd]

Look what website for reviews on autotrading success. I've looked everywhere and find nothing as far as success or feedback stories

[sledge]

I have code that is automated. It buys and sells. Therefore, it is successful.

[koganam]

Funny how noone directly answered BobyGill's question. Makes we wonder if anyone who is a retail investor is actually profiting with an automated trading bot. From looking at this forum I find noone stating that they are profiting. Just chatter about programming.

That is because as I clearly stated, the question asked is overly broad and wrongly focused, but as you seem to insist on a yes or no answer regardless, yes, I have autotraders that run every day and are overall profitable.

• They have winning days,
• They have losing days,
• They have strings of winning trades,
• They have strings of losing trades,
• They quit when they have a losing streak as long as I am willing to tolerate,
• They trade for the exact time period that I want them to trade then quit,
• They keep trading as long as they have not hit the "quit trading rules",
• They never quit because they have made a target amount, though they will quit if they hit the "quitting rules" after making a bunch of profits.

As I clearly said in this thread that is already referenced in one of the posts above, to get a proper answer, you need to ask the proper question.

ref: http://ninjatrader.com/support/forum...ad.php?t=59817

Will I give any away? Heeeellllll no!

Will I sell them? Not now. I am more focused on teaching a few students HOW to use the methods that the strategies have automated. When they master the method, I might consider leasing the autotrader, because once they know the method, they do not really need an autotrader anyway.

[bltdavid]

That is because as I clearly stated, the question asked is overly broad and wrongly focused, but as you seem to insist on a yes or no answer regardless, yes, I have autotraders that run every day and are overall profitable.

• They have winning days,
• They have losing days,
• They have strings of winning trades,
• They have strings of losing trades,
• They quit when they have a losing streak as long as I am willing to tolerate,
• They trade for the exact time period that I want them to trade then quit,
• They keep trading as long as they have not hit the "quit trading rules",
• They never quit because they have made a target amount, though they will quit if they hit the "quitting rules" after making a bunch of profits.

As I clearly said in this thread that is already referenced in one of the posts above, to get a proper answer, you need to ask the proper question.

ref: http://ninjatrader.com/support/forum...ad.php?t=59817

Will I give any away? Heeeellllll no!

Will I sell them? Not now. I am more focused on teaching a few students HOW to use the methods that the strategies have automated. When they master the method, I might consider leasing the autotrader, because once they know the method, they do not really need an autotrader anyway.

Same here, especially the "hell no" part.

It takes a lot of time & study to build a quality framework for a strategy, even for an experienced software engineer like myself.

I have basically built a private framework, a high quality multi-class hierarchy, ala MicroTrends, that separates order management logic from the signal engine code.

All of this makes creation of new strategies, for testing or production, a fairly easy process, because most algorithms for automated signals (aka, the signal engine part) aren't necessarily that difficult. IMHO, the secret sauce of most winning strategies is really the risk management.

Which leads to my answer: which is actually pretty simple:
The best automated strategies start their lives as pretty good manual strategies that you should first master as a discretionary trader. This kind of insight will help you as you migrate your manual success to automated success. (All IMHO, of course.)

I made the mistake (similar to what you're doing) thinking you can skip the learning path and go straight for the automated heavy booze, when the discretionary beer is what you really need to start with.

Trading is a journey through life, you've got to work hard at this. It is not easy. Start small. Take baby steps, learn one or two things at time, master the basics, move to the next thing. Wash. Rinse. Repeat. To be a trader means you are forever a student. Even when you become successful and make a living from trading, the market will still teach you things.

Trading is the hardest way I know to make easy money, and you soon learn it's also the easiest way to lose hard money. Automated trading just speeds up the process.

Good luck.

[Edit: Get started in automated trading by doing something simple: Have you tried running a simple MA crossover strategy in Sim101 for a couple of weeks? What did you learn? Did you make a profit? Why did it fail? Under what conditions could it succeed? Not all strategies work well in all markets. I found the book Pivot Boss very helpful to my trading, along with anything by Mark Douglas. Keep a journal, make notes, become an Evernote fanatic and organize the myriad of websites/weblinks you come across. Read, read, read. Analyze, analyze, analyze. Think for yourself. Stay curious. Stay hungry.]

[Edit: Analyze all your trades, especially analyze the failures, but if you followed all your rules exactly and the trade still lost -- then it wasn't really a 'failure', was it? Correct your rules, or not, depends on you. Now this is also important: analyze all your winners, too. Don't ignore them, figure out why that trade worked, did news help it? What conditions were ideal for that trade's success? Did you follow all your rules exactly? What kinds of things can you do to repeat the success of your winning trades? So study those trades, too. The ideal answer to that question is supposed to be: follow your rules precisely every time.]

[Edit: Have you investigated and devoured every page on every website for every company advertising in the NinjaTrader EcoSystem? I have. It's been a couple of years, so I need to do this again. It's a great way to pickup new ideas & inspiration for what's "out there". It's a great starting point. Take notes on the best things you've learned, keep track of where you learn these things from (ala EverNote), learn how to "learn" in this internet age means keeping these web notes, and sourcing everything, so you can review and re-read and cross-reference and make associations, because soon, your EverNote database of links will become huge, you'll know where your best ideas are coming from, you'll know who's worth listening to, you'll discover what's worth discovering more about, you'll find websites worth following.]

[koganam]

Same here, especially the "hell no" part.

It takes a lot of time & study to build a quality framework for a strategy, even for an experienced software engineer like myself.

I have basically built a private framework, a high quality multi-class hierarchy, ala MicroTrends, that separates order management logic from the signal engine code.

All of this makes creation of new strategies, for testing or production, a fairly easy process, because most algorithms for automated signals (aka, the signal engine) aren't necessarily that difficult. IMHO, the secret sauce of most winning strategies is really the risk management.

Which leads to my answer: which is actually pretty simple:
The best automated strategies start their lives as pretty good manual strategies that you should first master as a discretionary trader. This kind of insight will help you as you migrate your manual success to automated success. (All IMHO, of course.)

I made the mistake (similar to what you're doing) thinking you can skip the learning path and go straight for the automated heavy booze, when the discretionary beer is what you really need to start with.

Trading is a journey through life, you've got to work hard at this. It is not easy. Start small. Take baby steps, learn one or two things at time, master the basics, move to the next thing. Wash. Rinse. Repeat. To be a trader means you are forever a student. Even when you become successful and make a living from trading, the market will still teach you things.

Trading is the hardest way I know to make easy money, and you also soon learn it's the easiest way to lose hard money. Automated trading just speeds up the process.

Good luck.

[Edit: Get started in automated trading by doing something simple: Have you tried running a simple MA crossover strategy in Sim101 for a couple of weeks? What did you learn? Did you make a profit? Why did it fail? Under what conditions could it succeed? Not all strategies work well in all markets. I found the book Pivot Boss very helpful to my trading, along with anything by Mark Douglas. Keep a journal, make notes, become an Evernote fanatic and organize the myriad of websites/weblinks you come across. Read, read, read. Analyze, analyze, analyze. Think for yourself. Stay curious. Stay hungry.]

[Edit: Analyze all your trades, especially analyze the failures, but if you followed all your rules exactly and the trade still lost -- then it wasn't really a 'failure', was it? Correct your rules, or not, depends on you. Now this is also important: analyze all your winners, too. Don't ignore them, figure out why that trade worked, did news help it? What conditions were ideal for that trade's success? Did you follow all your rules exactly? What kinds of things can you do to repeat the success of your winning trades? So study those trades, too. The ideal answer to that question is supposed to be: follow your rules precisely every time.]

[Edit: Have you investigated and devoured every page on every website for every company advertising in the NinjaTrader EcoSystem? I have. It's been a couple of years, so I need to do this again. It's a great way to pickup new ideas & inspiration for what's "out there". It's a great starting point. Take notes on the best things you've learned, keep track of where you learn these things from (ala EverNote), learn how to "learn" in this internet age means keeping these web notes, and sourcing everything, so you can review and re-read and cross-reference and make associations, because soon, your EverNote database of links will become huge, you'll know where your best ideas are coming from, you'll know who's worth listening to, you'll discover what's worth discovering more about, you'll find websites worth following.]

Hey, hey, stop channeling me. Find your own lane!

Seriously though, thanks for writing all that out. It seems ultimately, after all the gyrating is said and done, we all end up realizing that we followed the same process. Yes, including the search for the Holy Grail, and the attempt to short-circuit the process by thinking that we can just automate without first doing the manual work to ensure that we have a viable method.

You have a way with words, elucidating that which I tend to state in much terser fashion. Sometimes I know that my terseness can make it difficult to understand the point. Then again, I tell myself that those who are at the proper place in the journey will get it, and if they do not, then maybe they are just not there yet. Your response might be proof of my inner assertion?

Reading that, my words may sound condescending. I apologize, because they are not meant to be so. I just cannot find the words to say it any other way.

[sledge]

There was this other post, where this most recent seeker was looking to spend $300/month for such a strategy.