Yes! It was the best year of my life so far! My old job was $15.60/hr and I saved and saved while I built my trading system. When I found Ninjatrader, it was a dream come true! You could design your own system using the built in tools. I hope everyone else can find the same holy grail that I did.
Why would I sell a system that works so well for me? It took me almost 4 years to develop and test. If everyone used it, it woul dbecome the next "bollinger band" or "stochastic" that becomes almost useless! Everyone needs a system of their own that works for them.
The key is NOT software that tells you when it's time to buy or sell because such software doesn't exist First you say that ninja's charts tell you when to buy or sell and now it is a system The KEY here is that you are most likely the guy from Ninjatrader...
No, Ninjatrader simply has a built-in programming interface that allows idiots like me to put together my system and display it on a chart without hiring someone else to do the work for me! There is no other software I found like it, so...for me...it does tell me when to buy or sell on the chart!
try to trade on strong support/resistance break out. It doesn't matter what to trade, just try to find serious support/resistant level and enter into position by "stop" order. Put stop immediately above/below support. Cover 1/2 or 1/3 of you position in several point such a way, that even if futures is reversed, you will loose 0. On serious support/resistance level you can have very high probability that if level is broken than futures will move same direction at least several additional points cos avalance of "stop" orders is executed. So you may have position where you either 0 or futures continue to move in your direction. Use trailing stop to exit. Seriously.
For inspiration: A bigger DD can occur anytime, so as Oso noted earlier, in the beginning the most important thing is just trying to stay in the game long enough, so you grow the account slowly and once you have multiple of 1K, you can try more risky approaches....
Ninjatrader does it again!!! It told me to go short ES at 1462.50 and hold them for target of 1418.25 OR if market doesn't break 1433.75 then I will get a reversal signal and go long!!! It's a good day to be a mile high!
I'm trading futures for russian stock index cos I live in russia, I doubt that you can trade it, but it doesn't matter cos you can trade something else. It attached pics you can see what I'm talking about. At RTS.png picture you can see red "support" line. Only thing you have to do is to wait until you see that price touched same level at least 2 times during several hours. Than you have to set "stop sell" order just below that line and wait. As soon as those line crossed third time you will have open short position, so you have to set "stop buy" order couple of points above that line immediately. Exit part of your position such a way that you will have 0 loss even if price reversed and crossed you "buy stop". Use trailing stop to exit in profit. It attachment you can see pics for XOM and XLE for yesterday. Same way to trade. You can do it, just be very disciplined .