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-- Big Mike, Site Administrator
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To backtest you need a coded strategy. You could take a supertrend and the ultimate oscillator and try to code something in the Ninja wizard.
If you want to just backtest indicators, you have to spend a lot of hours in market replay watching and notating where and when the indicators trigger.
I watched a webinar ( AbleSys - NinjaTrader Partner Presentations - 11/14/2012 - YouTube ( ) few days ago, and they say they have thousands and thousands of successful subscribers. I don't know anybody among all …
by the way, you can find very similar indicators to AbleTrend and AbleSys for MT4 for free; these indicators work best in Trendfollowing type Markets, with broad movements, while they are not suitable in Mean Reverting type Markets.
Here are the easylanguage formulas of the Function and Indicator: Supertrend, which can be used to create a Strategy and then
make backtests:
Here is my version of a TradeStation/MultiCharts EasyLanguage SuperTrend indicator.
I made it a function so it could be called easily from a strategy.
Function:
// SuperTrend function
// March 25 2010
// Big Mike
inputs:
ATRLength(NumericSimple), …
here George Pruitt further explains the same Function and Big Mike's Supertrend Indicator (to see the full page with formulas, it is best to
save the page):