Question on Elder Impulse System Strategy

[mikechan883]

Hello,

Not sure if I should ask here. I have been playing with the Elder Impulse system

https://ninjatraderecosystem.com/user-app-share-download/elder-impulse-system-2/

1) Don't quite understand when Higher Time Frame is used, on top of basic Elder signal, the additional condition to buy would need the HFT MA(0) > HFT MA(1) & HTF MACD(0).Diff > HTF MACD(1).Diff. As I get info from web on Elder Impulse System, should the additional condition to buy simply be having the daily signal above say 65-day EMA?
2) from the strategy, there is quite a lot of buy and sell signal almost generate daily. Is there any way to smooth out the strategy so that buy and sell signal are generated for larger trend instead of frequent opening and closing trading?

Thanks

MC

[NinjaTrader_ChelseaB]

Hello MC,

Just as a heads up, this was a conversion done at the beginning of NinjaTrader 8 Beta and is not the original work of Zachary.

Below is a link to the original for NinjaTrader 7 by shodson, who may be able to provide further details about the logic.

https://ninjatraderecosystem.com/user-app-share-download/elder-impulse-system/

I would not be able to comment on whether the custom logic is right or wrong, however this thread will remain open for any community members that would like to share their thoughts.

Also, please note this strategy uses unsupported code that violates the warnings in the help guide about dynamically adding series.
"Arguments supplied to AddDataSeries() should be hardcoded and NOT dependent on run-time variables which cannot be reliably obtained during State.Configure (e.g., Instrument, Bars, or user input). Attempting to add a data series dynamically is NOT guaranteed and therefore should be avoided. Trying to load bars dynamically may result in an error similar to: Unable to load bars series. Your NinjaScript may be trying to use an additional data series dynamically in an unsupported manner."

https://ninjatrader.com/support/helpGuides/nt8/adddataseries.htm

With changing the logic for less orders, you could add a series using a higher time frame. With less bar closes I would expect less orders.
Or you add custom logic to only allow trades x number of bars after the exit of the previous trade.

https://ninjatrader.com/support/helpGuides/nt8/barssinceexitexecution.htm

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