DaftTrading – Daft Momentum: Ninjatrader Strategy
Note: Ninjatrader 8 is required to run this strategy.
What is a Ninjatrader Strategy?
A strategy in Ninjatrader is a set of coded instructions that tells your account when to enter and exit positions. Strategies can be backtested over years of data within Ninjatrader, so you can optimize the settings for the best profit expectancy over large datasets and time periods.
Why use an automated strategy?
Automated strategies can run without any manual intervention at all, taking human error out of the equation. This results in a more predictable equity curve and allows your account place trades according to your system, even when you’re not at the computer.
Daft Momentum Strategy Description
Daft Momentum is a momentum-based strategy that attempts to detect strong momentum in the market, and jump on for the ride. It does very well in highly volatile markets like Nasdaq (NQ) and S&P500 (ES) futures, and works best on intraday timeframe charts (5 min, etc). Daft Momentum uses a few common indicators to decide when to enter trades, such as VWAP, RSI, and moving averages.
What You’ll Learn In Daft Momentum: Ninjatrader Strategy
- Profit Target and Stop loss based on a ratio of the price of the market being traded
- Automatic Breakeven option
- Automatic trailing stop option, using an optional alternate timeframe
- Enable or Disable Longs/Shorts by Day of Week
- Customize indicator calculation values
- Set Max Trades per Day
- Configure Multiple Trading Sessions per Day
- Can run on any market/chart that Ninjatrader offers
More courses from the same author: DaftTrading