NINJA TRADER STRATEGY -- 5
Budget: $150 – $250 USD
BUILD ENTRY AND STOP STRATEGY IN NINJA TRADER
LONG TRADES RULES MARKET ORDERS
1. CALCULATE THE LOW OF THE CURRENT BAR, ONE BAR BACK, 2 BAR BACK, LOWEST LOW OF THESE BARS.
2. SET 1ST STOP AT THAT LOWEST LOW OF STEP 1
3. SHARES TO BUY ARE CALCULATED BY A SET LOSS,
EXAMPLE, LOWEST LOW IS 10.20 IS THE 1ST STOP
ENTRY IS 10.30,
STOP LOSS AMOUNT IS SET TO $500.00
10.30-10.20= .10 STOP L0SS
500/.10= 5000 SHARES TO PURCHASE
IF STOP OUT LOSS IS .10$ X 5000 SHARE = 500$
1ST TARGET IS = EQUAL TO THE AMOUNT OF THE STOP LOSS, SO IN THIS EXAMPLE IT WOULD BE 10.30 +.10= 10.40 AS THE 1ST TARGET, TO SELL HALF THE SHARES 2500 AND MOVE THE 1ST STOP TO BREAK EVEN 10.30$.
2ND TARGET IS SET TO REST OF SHARES SELL AT 2 TIMES THE STOP LOSS. MAKE THIS A VARIABLE SO I CAN CHANGE. EXAMPLE 1.5 TIMES, 3 TIMES, 3.5 TIMES, 5 TIMES WHICH IN THIS CASE WOULD BE 5 X .10=.50
LONG TRADES RULES MARKET ORDERS
1. CALCULATE THE LOW OF THE CURRENT BAR, ONE BAR BACK, 2 BAR BACK, LOWEST LOW OF THESE BARS.
2. SET 1ST STOP AT THAT LOWEST LOW OF STEP 1
3. SHARES TO BUY ARE CALCULATED BY A SET LOSS,
EXAMPLE, LOWEST LOW IS 10.20 IS THE 1ST STOP
ENTRY IS 10.30,
STOP LOSS AMOUNT IS SET TO $500.00
10.30-10.20= .10 STOP L0SS
500/.10= 5000 SHARES TO PURCHASE
IF STOP OUT LOSS IS .10$ X 5000 SHARE = 500$
1ST TARGET IS = EQUAL TO THE AMOUNT OF THE STOP LOSS, SO IN THIS EXAMPLE IT WOULD BE 10.30 +.10= 10.40 AS THE 1ST TARGET, TO SELL HALF THE SHARES 2500 AND MOVE THE 1ST STOP TO BREAK EVEN 10.30$.
2ND TARGET IS SET TO REST OF SHARES SELL AT 2 TIMES THE STOP LOSS. MAKE THIS A VARIABLE SO I CAN CHANGE. EXAMPLE 1.5 TIMES, 3 TIMES, 3.5 TIMES, 5 TIMES WHICH IN THIS CASE WOULD BE 5 X .10=.50