FAQ Automated Trading Software, Auto Trader, Automated Trading System Review

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How Do I use the Auto Trader?

• The ‘Quick Start’ is a pre-requisite for using the auto trader.
• It is HIGHLY encouraged you familiarize yourself with the Quick Start Guide first, this way you know what everything does.
• It is also encouraged for you to attend the many free webinars offered by Ninja Trader Support so you can learn how to use charts.
• If you have NEVER used NT charts these free webinars will be a great way to start learning on a solid foundation of knowledge.
• We provide Live training on the auto trader every Wednesday @ 12pm EST for our members only

 The word ‘strategy’ is not available on my NT7 Software…why can’t I add the strategy?

·        You need a different license key to use the auto trader on the DEMO version of NT7

·         Please get the NinjaTrader 7 license key for this here

I load the strategy correctly, but no trades are taken…

• Have you downloaded the Auto Trader Strategy? If you cannot find the JJStrategy in your list of strategy options you have NOT downloaded it completely.  Remember to follow the instructions carefully, you must open the download and then CLICK ON the download link.
• Some web browsers are different, so make sure you 100% download the strategy itself, this is a common issue with traders using different web browsers.
• check to make sure you have the most recent version of NT7 7.0.1000.4
• make sure you are connected to the live market
• Make sure you have the strategy ‘enabled’ inside the control center / strategies
• Make sure you have enough days of data on your chart
• Make sure you are showing the executed  trades on your chart.  Open the chart data series and make sure ‘plot executions’ is set for TRUE/Text & Marker
• Be sure to use the correct Session Template so your auto trader is only taking trades at the correct times.

I load the strategy correctly, but I have different results as you

·        check your ‘session template’ and make sure the times you are using are correct

·        open your chart ‘data series’ and confirm your ‘session template’ is correct.

·        Remember, session templates must be created from scratch on your computer, you cannot use a template

·        Also remember that your chart templates we provide you have the correct session template selected, but you must create the session template on your computer first

·       NT7 Control Center / Tools / Session Manager / New / Add / Save (then add to your chart inside the ‘data series’…session template.

·        session template info can be found here on NinjaTrader.com Website

How do I tell what this ‘drawdown’ number means?

• The % of drawdown is based on the size of the account you have specific in the ‘accounts’ tab inside your NT7 control center.
• Example:  If you see 1% drawdown on Gold Futures, and you used a $100,000usd account to test the results, this would give you $1,000 drawdown.
• This tells you that if you have $1500 in your account you will be ok, you should not have any issues with too much drawdown on the account.

How do I “backtest”  this strategy for 60days….90days…12months?

• If you load the strategy to a chart, you can simply add the amount of DAYS OF DATA to the chart, and then check your performance report.
• If you load the chart within the control center (no chart needed) you can specify the number of days of data that you wish to backtest.
• Just remember that when you backtest you may have to use a continuous contract for more than the current from month, or go back to the previous front month.
• Example:  Crude rolls forward monthly, so to backtest 90 days on CL you need the previous 3 contract months OR backtest a continuous contract CL ##-##
• Video Tutorial on Back testing:  http://www.ninjatrader.com/support/helpGuides/nt7/index?backtest_a_strategy.htm

How should I set up my control center if I want to trade this 24 hours a day?

Where do I save the Strategy Template on MY computer?

·        My documents / NT7 / Templates (the same location as your Auto Levels template files)

·        Remember…you need to create Session Templates from scratch, there is no ‘template’ for these.

What does ‘overnight’ margin really mean?

·        Our auto trader can be set to never hold trades overnight.

·        Please remember, this is NOT when you are asleep, this is when the electronic session is closed for the market you trade.  Each market will be different, depending on the exchange it trades on.

·        For more info on when the markets are ‘closed’ for overnight, please visit the specific page on the exchange

·       Crude Oil Futures Contract Specifications

·       Gold Futures Contract Specifications

·       Euro Futures Contract Specifications

·       Russell Futures Contract Specifications

The auto trader takes both long and short positions, do I need to have two (2) trade accounts for this?

·        No, you only need 1 account.

·        All futures accounts will allow long and short positions.

·        If you intend to trade the auto AND trade discretionary you will need 2 accounts b/c there is possibility of trading long on the auto and then short in your discretionary, which will offset and flatten.

Error Messages you may encounter:

·        “Unable to restore strategy ‘NinjaTrader.Strategy.JJStrategy’. Most likely this strategy no longer is supported by the custom assemblies.”

o   This may happen, close the workspace and create a new one, no need to uninstall anything

Do I need to ‘enable’ the auto trader every day?

·        No, start your AT on Sunday night after 6pm EST

·        Leave it running all week

·        Shut it all down end of day on Friday

·        You will NOT need to touch ANYTHING all week, just let it run

·        As long as the strategy is ‘enabled’ in your control center you can let it run

·        Remember, your session templates will turn it on/off at the beginning/end of the day on auto-pilot

Can I work with any broker?:

·        Yes, you can work with any broker as long as they provide REAL TIME DATA

·        Do not use brokers (Interactive Brokers for example) that use FILTERED tick data

·        You need REAL time data, and we have a list of brokers that we prefer to use

·        Support@SchoolOfTrade.com and ask them for ‘broker references’