NinjaTrader Stop Loss Bug - You May Looose $$$$

[NinjaTrader Stop Loss Bug - You May Looose $$$$]

This major flaw imposes a mandatory 20 tick offset for all Stop Limit orders submitted thru an ATM. Consequently, if your profit target is less than 20 ticks away from entry, it is possible for a winner to turn into a loser in highly volatile and thinly traded market.

 

This flaw has the effect of turning those Stop Limit orders into market orders. In normal trading this can cause the trader to lose a tick or two on a very regular basis. This creates a "hidden" cost for using NT that can be many times the monthly fees.

 

Might there be a difference between data feeds, eg zen-fire vs some other feed when it comes to this issue? Also, what futures platform have you found that is superior in getting fills? (You mentioned something on another forum).

[NinjaTrader Stop Loss Bug - You May Looose $$$$]

Not only hasn't this bug been fixed, The other forum banned me and deleted the threads regarding this issue.

 

Thanks BeyondMP for enlightening us on this issue. I have been testing several such ATM strategies on NT with stop limit orders using various futures (crude, yen, euro, etc) to be executed at fast moving news times. They have worked out pretty well on SIM. I gather I shouldn't get my hopes up when it comes to live trading though, correct?

[What Made You Profitable?]

By an "All or Nothing Management Policy" do you mean go in with all your contracts (for any single trade) and have a fixed target for all, as opposed to (1) scaling in or (2) scaling out?

[Daytradetowin]

Thanks Robotman for posting the pdf. The first 3 chapters have been available free for a while. There's a link at the top of the page on the daytradetowin site. Also, if you look over the site, the "At the Open" trade still seems different from the scalping method described in the pdf, in terms of both targets and stops. The testimonials also refer to both the scalping method and the ATO trades. So, perhaps there is more data in the concluding chapters?

[Shadow Traders]

FFTrader, the reason you haven't gotten any responses from users is that the software is brand new, just released earlier this month. Shadowtraders has been around a few years though. I just watched a webinar this morning and the course (with Ninja indicators) looks promising. By the way, entries and exits were being called during live trading.

[Jonbig04's Log]

Good analysis, Jon. Looks like both of your scenarios panned out (although the DB was off by a few points).

[How to Spot the Beginning of a Trending Day?]

Again over a fairly high percentage of the days the open is near (20% of the day's range) one extreme or the other. On days where price passes through the open more than a few times during the first hour trend days are unlikely.

 

Thanks for this data, UrmaBlume, but that statement in parenthesis is confusing. 20% of the day's range is during the open? Is that it?

[TradeGuider Bootcamp CD's for Sale]

Do you still have them?

[Looking to Enhance Current *working* Trading Methodology]

Good to have you on this board, Susana. I enjoyed your postings last year over on the other site.

[Is Ninja/Zen Fast Enough for EMini Futures Trading]

I've been using Ninja with Zen-Fire for about a year. Very happy with the combination.

[How Much Would You Pay to Learn from a Veteran Trader?]

Any idea what the requirements are to join Anek's room?

[Trading with Market Statistics V. Other Entry Points]

Jerry, I just want to thank you for these excellent threads, and the great videos. My knowledge and understanding have taken a great leap.

 

MG