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Creating Automated Trading Strategy from Proprietary Indicator

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    Creating Automated Trading Strategy from Proprietary Indicator

    Hi,
    I own a proprietary indicator called AbleTrend (the NinjaTrader add on version https://www.wintick.com/products/ninjatrader) from Wintick. I'm trying to create an automated strategy using this indicator. However, when I reached out to their tech support they said that it couldn't be done because NinjaTrader 8 does not support building strategies from indicators. Attached is the exact exchange with them. Could you please clarify?
    Thanks,
    CV


    #2
    Hello chaitunt,

    Thank you for your post.

    That's not correct, you are able to utilize indicators within your strategies when using NinjaTrader.

    Some indicators do not expose their plots and cannot be used in the Strategy Builder or in a strategy or simply do not have plots to be exposed. Also, as some third party indicators require additional data series to be added to function properly, those may not work as well. As I do not have access to AbleTrend as it is a third party indicator, I would not be able to advise whether or not it would be usable in the Strategy Builder.

    Please let us know if we may be of further assistance to you.
    Kate W.NinjaTrader Customer Service

    Comment


      #3
      Kate:
      Thanks for the reply. As the attached chart shows, I can see the plots from the indicator (AbleTrendTS) in Data Box. (The chart has 2 instances of the indicator, one off of 15 minutes data and the other off of 45 minutes data.) Does it mean the indicator can be used in a strategy? Please let me know your thoughts. Also, please let me know if you need any other information to find out more about this indicator.
      Thanks much for your help and guidance.
      CV

      Comment


        #4
        Hello chaitunt,

        Thank you for your reply.

        An indicator that exposes plots to the data box in theory would likely be usable in a Strategy. However, there are other factors, like additional data series, that may be in play. For the best information on whether a particular indicator could be used in a strategy, the best source of information would be the vendor you got the indicator from.

        Please let us know if we may be of further assistance to you.
        Kate W.NinjaTrader Customer Service

        Comment


          #5
          Hi Kate,
          Thank you for the reply. Unfortunately, the vendor hasn't been very helpful. Their general position is against strategies and in favor of manual trading. That said, if you could guide me on how to get started trying to use this indicator in a strategy probably we can arrive at specific questions for the vendor to address as and when we get stuck. FYI, this indicator has cost me several thousand dollars and I really need to build this strategy to make it worthwhile. Thanks much for your support.
          -CV

          Comment


            #6
            Hello chaitunt,

            Thank you for your reply.

            I do not have access to this indicator so I would not be able to guide you on specifics. However, I would recommend checking out our Strategy Builder 301 video as it goes over using indicators in a Strategy:

            Strategy Builder 301

            Once you understand how to access indicators through the Strategy Builder you can try using the indicator to just print its values for testing to see if it returns useful values.

            This forum post goes into great detail on how to use prints to help figure out what values are or are not being returned — this should get you going in the correct direction. You can even add these using the Strategy Builder.

            https://ninjatrader.com/support/foru...ns-not-working

            If you run into issues like we saw here, the above information will allow you to assess whether an indicator will be useful for you in a Strategy.

            Please let us know if we may be of further assistance to you.

            Kate W.NinjaTrader Customer Service

            Comment


              #7
              Hi Kate:
              Thanks very much for the guidance. I have followed the videos and tried printing the plot values from the indicator. The following is the print statement I have come up with:

              Print(@"Bar Up: :" + AbleTrendTS1.BarUp[0].ToString() + @":Bar Down: :" + AbleTrendTS1.BarDn[0].ToString() + @":Buy Stop: :" + AbleTrendTS1.BuyStop[0].ToString() + @":Sell Stop: :" + AbleTrendTS1.SellStop[0].ToString() + @":Buy Signal: :" + AbleTrendTS1.Buy[0].ToString() + @":Sell Signal: :" + AbleTrendTS1.Sell[0].ToString() + @":Exit: :" + AbleTrendTS1.Exit[0].ToString() + ":" + Times[0][0].TimeOfDay.ToString() + @":EMA: :" + EMA1[0].ToString());

              However, it's printing zeros for all values of this indicator whereas for EMA it's printing the right value. For instance, see the attached screenshot and the printed value below for bar 02:30.

              Bar Up: :0:Bar Down: :0:Buy Stop: :0:Sell Stop: :0:Buy Signal: :0:Sell Signal: :0:Exit: :0:02:30:00:EMA: :1468.07042223726

              As the Data Box shows, there should have been values from the indicator. Can you think of what I might be doing wrong?

              Please find the script attached as well.

              Thanks again for your help.
              CV
              Attached Files

              Comment


                #8
                Hello chaitunt,

                Thank you for your reply.

                Unfortunately it does look as though you've set this up correctly in the Builder, so it appears this particular indicator does not expose the plot values - it's possible the indicator assigns values retroactively or simply doesn't expose them at all. We would not have a workaround for this as since it's a 3rd party indicator, we cannot access the code. It does appear that this particular indicator would not be able to be used in a strategy.

                Please let us know if we may be of further assistance to you.
                Kate W.NinjaTrader Customer Service

                Comment


                  #9
                  Originally posted by chaitunt View Post
                  Hi,
                  I own a proprietary indicator called AbleTrend (the NinjaTrader add on version https://www.wintick.com/products/ninjatrader) from Wintick. I'm trying to create an automated strategy using this indicator. However, when I reached out to their tech support they said that it couldn't be done because NinjaTrader 8 does not support building strategies from indicators. Attached is the exact exchange with them. Could you please clarify?
                  Thanks,
                  CV
                  Hi chaitunt, I own the desktop version of AbleTrend and have developed an automated system based on the outputs from that, but it has about a 10 second processing delay. I also use NT to place trades using its File Interface. Since you own the NT version of AbleTrend, I would like to get in touch with you and discuss how to solve your issue. Please contact me, thanks.

                  Comment

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