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Difference between strategy and indicator

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    Difference between strategy and indicator

    Hi. What are the substantive differences between implementing an automated trading program (CS file) as a strategy versus an indicator? I have the framework of a system that I've been developing already coded as an indicator. It currently contains the triggers and filters and needs order placement and management code added to it.

    I want to be sure that if I implement an automated trading program via an indicator that I'm not missing out on functional aspects of NT's backtesting features, etc.

    Thank you.

    #2
    - Only strategies can be backtested (with embedded indicators of course)
    - Indicators can not submit orders
    - Indicators do not support multiple time frame and instrument bars objects
    - Indicators do not support automated trading only strategies do
    RayNinjaTrader Customer Service

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      #3
      Originally posted by NinjaTrader_Ray View Post
      - Only strategies can be backtested (with embedded indicators of course)
      - Indicators can not submit orders
      - Indicators do not support multiple time frame and instrument bars objects
      - Indicators do not support automated trading only strategies do
      That does kinda make it a no-brainer for going with the strategy route.

      Running strategies do not have any connection with a particular chart, correct (i.e., they are run in a different workspace)? For example, if I have indicators in a strategy, can they appear on a chart or not? Since the indicators that drive my triggers are tick-based, I would prefer not to have one whole set running to drive the charts and a second set running to drive the strategies (for processor load). I hope I'm making myself clear.

      Thanks, Ray.


      Regards,

      William

      Comment


        #4
        Yes, that's clear. Just embedd the indicator in the chart for display purposes via the Add() method.

        http://www.ninjatrader-support.com/H...deV6/Add1.html
        RayNinjaTrader Customer Service

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