MicroTrends Free and Licensed NinjaTrader 7.0 Chart Indicators - Trade Signals and Alerts - Product forum
24/09/2010 22:07:39
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Please see the chart templates sub forum for sample templates
https://www.micro-trends.co.uk/forum/topic811-mt2-sample-chart-templates.aspx
edited by forum on 24/09/2010
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24/09/2010 22:07:03
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The MT2 has 5 Seperate Trade Setup Modes, 1 triple sub mode for each and then 3 sub modes for the Trend Line Rejection, 8 modes of trade exit
Effectivley you have total control and program your trend trading technique which removes the need for custom programming.
Base trade Setup Modes
These can be mixed together which provides a possible of 31 unique combinations of basic setup.
Setup Modes 1,2,4,8,16 are unique bitwise flags and can be combined so for example settings TS1 and TS16 = 1 + 16 = TS 17
Trade Entry modes and Filters are also bitwise.
Crossover
Early Reversal
Unconfirmed Trend
Chop and Continue
Trend Line Rejection
Trend Line rejections
31 combinations not including a Triple mode, also the Trend Line Rejection mode can be applied to 1 of 3 or all 3 moving averages.
Trend line rejection has 16 seperate Trade Setup Modes for each MA
Each Trend Line Rejection Setup has 3 basic Trade Entry MAs each having 31 entry setups
There are also 31 contraints for each setup and entry
Each moving average can have a band drawn around it by way of an offset and constraint -
The advantage is you can control which moving average you want the TLR to trigger against while trading a crossover with isolated and different ma settings.
Trade Exit Modes
There is also complete control over Exit strategy - the indicator has a virtual strategy mode - which allows it to hold an internal Market Postion - flat, short or long
When in strategy mode it will internally track trade entries as order executions and so this allows it to produce exit signals which are relevant to your trading configuration.
Trade Exit Modes are bitwise flags and go from 1 to 128 providing 255 unique combinations of exit strategy combinations
Moving Averages
MAs can be set to the chart timeseries TTF or a HTF higher time series or can be plotted based on another MA dataseries output
Price type is fully supported
18 Different types of MA can used in any combination
Fast
TTF
HTF
Cross + TLR + Exit
Slow
TTF
HTF
Smooth Fast
Cross + TLR + Exit
Triple
TTF
HTF
Smooth Fast
Smooth Slow
Cross + TLR + Exit
Triple Filtering
Filtering
Filtering is also bitwise and can occur at trade setup or entry or both for crossover or TLR trades
So there are global filters as well as Crossover and TLR specific filtering.
Session Times
Slope
Range
Max Entry Offset
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