Archive for November, 2010

TradeTimer for NinjaTrader 7: Control Auto-Trade Strategies by Time and Direction

November 25, 2010

I’ve just released my first commercial NinjaTrader package! It’s called “TradeTimer”, and it’s a GUI and code library that you can use with your auto-trading strategies to only trade during times of day that you specify. You can also toggle your entries on and off without stopping your strategy from processing exits and other calculations. Check it out here:

TradeTimer for NinjaTrader 7

Ninjatrader 7 Plug-in Beta Testers Needed

November 18, 2010

EDIT: Thanks to the beta testers! The TradeTimer has been released!

TradeTimer For NT7

I’m going full speed ahead on some Ninjatrader offerings, finally living up to the tag line of my blog. I need a couple of people who run Ninjatrader 7 to beta test a plug-in for me. Email me readtheprospectus at gmail if you are interested, and I’ll get back to you with details!

CumTick Study Updated

November 17, 2010

The latest update broke the ability to hide clouds automatically. So I fixed it in the CumTickv2 study. The version on my Google site is the most recent one. Go download again if you want it.

Volatility-Based Trailing Stop Strategies for Think or Swim

November 15, 2010

Here is my Volatility-Based Trailing Stop indicator implemented as strategies. These are only exit strategies at the moment, so if you use long and short entry strategies of your choice, these will stop you out if the corresponding trailing stop is breached.

These files are free. Download “” from “Released Thinkscript Strategies” on my Google site.

Fixed Stop Loss and Profit Target Strategies for Think or Swim

November 2, 2010

As promised, here are four strategies showing how to implement fixed stop losses and fixed profit targets for TOS. You need to add these to a chart with some entry strategy. I have included two example entries for you to test out if you want. These are called “Justbuy” and “Justsell”. If there are two green bars in a row, it goes long. If two red bars in a row, it goes short. Otherwise, the targets and stops manage the trade.

You can run a backtest on it to see the results, and play with the stops and targets to see if it improves (or worsens!). To me, this is a good quick way to test if you have any edge in an idea. If there is one, it will show up right away in a simple test. If it takes fancy tools and algorithms to squeeze out a drop of an edge, but you don’t have direct market connections and 8+ figures of capital to employ it, then you are fooling yourself and asking for pain.

These strategies are free. Download “Fixed Stops and” from “Released Thinkscript Strategies” on my Google site. As always, leave a comment if you have any questions or need help setting them up!