Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Two buttons to cycle back and forwards through trades on a chart - i.e. press button for forward trade and the chart jumps to the next trade entry. This would be a huge time saving on large charts compared to going to the trades tab to see the time and going back to the chart to manually scroll to that time.
This is a request for a feature already offered by TradeStation.
I am talking about a feature which should be available for all bar types offered
(1) TickVolume
Ninjatrader 7: Tickvolume is only known for tick charts, as the tick volume of each bar is identical with the period. To determine tick volume for any other bar type, I would need to write an indicator that adds a 1-tick bar series to determine tick volume.
Wishlist for NinjaTrader 8: Have tick volume ready for each bar as an alternative to volume. Quite important for FOREX data!
(2) Upticks & Downticks
Uptick volume and downtick volume can be used in a similar fashion as bid and ask traded volume. My cumulative delta indicator calculated from uptick and downtick volume yields near-identical results to the real cumulative delta coded by GOMI, which relies on genuine bid and ask traded volume. Many other volume related indicators rely on uptick and downtick volume.
Uptick and downtick volume can be easily calculated from any data feed that supplies tickdata for price and volume data.
NinjaTrader 7 : Upticks & Downticks are not available. Again an indicator would need to be coded that loads a secondary 1-tick bar series.
Wishlist for NinjaTrader 8: Have upticks and downticks available for each bar.
For bars built from ticks that should be easy. To have that property available for minute bars and option is required to build minute bars from ticks.
(3) Option to Build Minute Bars from Ticks
This would be a new bar type built from ticks. Required for calculating tick volume, upticks, downticks, uptick volume and downtick volume.
(4) Uptick Volume & Downtick Volume
NinjaTrader 7: Uptick and downtick volume is not available.
WIshlist for NinjaTrader 8 : Volume associated with upticks & downticks should be available for each bar type.
Calculating tick volume, upticks, downticks, uptick volume & downtick volume would slightly increase the CPU load, when connected to a real-time feed, but I think that it would be worth the effort.
Would be great to be able to have a panel (showing 3- 4 text lines) in the chart to show Alerts of just that charts related alerts (instead of the one alerts panel for all charts).
The inability to be able to select the broker in a strategy is becoming an increasing problem in the multi-broker license. I raised this point earlier in this thread but believe it is worth repeating with the hope of getting it addressed. One of the most important functions in multi-broker trading software should be to make it easy to facilitate trade across multiple brokers but this important feature is missing.
Currently I employ a number of ATM strategies specific for 7 instruments triggered with buy/sell buttons. Some of these instruments use Interactive brokers as the broker and some AMP and I'd like to add more brokers to further spread capital. As I employ a master swing trading portfolio strategy with equities an integral part of this strategy, I also need to place equities trades through TD Ameritrade.
The only way to do this now is to manually select the broker account on the chart in the general section. So this means that you have to do this each time on every chart once you setup. Plus the ATM strategy defaults to the first broker you connect to. Here is an example on oil which employs 2 distinctly separate ATM strategies using buttons to trigger the trade based on a plethora of delta/swing based probability tests designed specifically for oil.
The trader should be able to direct this automatically, for example:
1. A stock or future:
if (Instrument.MasterInstrument.InstrumentType == InstrumentType.Stock); <Select TD AMERITRADE>
if (Instrument.MasterInstrument.Name == "AAPL"); <Select Interactive Brokers> (due to low variable commissions on high $ value stocks) OR say if (Instrument.MasterInstrument.Compare(newPrice, Close[1]) >$200 <Select Interactive Brokers>
if (Instrument.MasterInstrument.Name == "DELL"); <Select TD Ameritrade> (due to low fixed commissions on low $ value stocks).
if (Instrument.MasterInstrument.Name == "CL"); <Select Interactive Brokers>
if (Instrument.MasterInstrument.Name == "FDAX"); <Select AMP>
So as soon as the buttons are pushed then the trade should go through whichever broker is contained in the strategy for that instrument.
This is also important for risk management purposes as the PFG debacle highlights the need to spread funds around to different brokers.
2. Leverage test
The other point is an ability to perform a leverage test prior to trade. For example if you use 5 brokers and the one you select in the strategy does not hold sufficient capital to be able to support the maintenance margin plus a cushion on an overnight trade then you should be warned prior to trade or have the ability to change the broker. E.g if the account at Broker A does not have sufficient capital then it should default to the account at Broker B for example.