If you’re looking to streamline your trading and optimize your profits, automated trading using NinjaTrader 8 can be a game changer. With the right templates and strategies, you can take advantage of the power of automation to make better trades and maximize your returns.
In this guide, we’ll walk you through the steps of testing and using templates for automated trading. From evaluating performance to using templates wisely, we’ll cover everything you need to know to get started.
Step 1: Test All Templates at Once
The first step in testing templates for automated trading is to test them all at once. This means connecting all of the templates you want to test to your NinjaTrader autotrader account and running them simultaneously.
If you’re looking to test a specific NinjaTrader automated trading strategy, such as a reversal strategy, you can select all the templates that use the same time frame and connect them to a single simulation account. For example, if you want to test a reversal strategy that uses a 5-minute time frame, you can connect all templates that use that time frame to a “SimReversal5min” account.
It’s important to ensure that you do not interrupt the testing process and let it run for at least 3 days to get accurate results.
When testing templates for automated trading, it’s important to identify the winners and losers. One way to do this is by grouping templates by timeframes (account #1 (5 min templates) and account #2 (15 min templates)) and testing them all at once. By evaluating their performance after a few days, you can determine which ones are profitable and which ones are not. This allows you to make informed decisions about which templates to use. Remember, the key is to find the templates that are consistently profitable over time and group them together on time, so they can keep the money-making trend.
Step 2: Evaluate the Performance
After running the templates for 3 days, it’s time to evaluate their performance. Take note of which templates are doing well and which are not making a profit.
To make an informed decision, select only those templates that have at least 2-3 days of positive trading and move them to your main account. Strategies that have proven to be profitable over a 3-day test period tend to keep their profitable trend for some time.
Step 3: Use Templates Wisely
Once you have selected the most profitable templates, it’s time to use them wisely. It’s important to note that you should not expect to use a single template for more than 1 month. The market is constantly changing, and a strategy that works today may not work in the future.
It’s also essential to keep an eye on the market and adjust your templates accordingly. You can use NinjaTrader strategy optimization to test different parameters and find the best settings for your selected templates.
Conclusion
Using templates for automated trading can be an effective way to streamline your trading and maximize your profits. By testing all templates at once, evaluating performance, and using templates wisely, you can take advantage of the power of automation to make better trades and boost your returns.
Remember to keep up with market trends and adjust your templates as needed. With NinjaTrader 8, you have access to a wide range of free strategies and autotraders to help you get started.
When testing templates for automated trading, it’s essential to evaluate their performance over a period of time. By connecting multiple templates with NinjaTrader 8’s autotrader and evaluating their performance, you can determine which strategies are most effective. Remember to use templates wisely and avoid relying on a single strategy for too long. By selecting profitable strategies after a few days of testing, you increase your chances of long-term success.
