We are releasing the FX Chopper trading system and portfolio for the NinjaTrader Platform. The results are similar to the Tradestation version.
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$1,995 Purchase NinjaScript Open Code
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The hypothetical results for FX Chopper using the spread for each pair as our slippage values and trading 10k lots on 10 pairs on Monday was +$128.92.
FX Chopper will b available for the MetaTrader 4 and NInjaTrader 7 platforms in the next 1-2 weeks.
The $TICK Count Trend trading system is a new strategy that we have not talked about much that is doing well in this market. This trading system has an indicator as well. This strategy is high frequency in comparison to our low frequency trading systems. It, however doesn’t take dozens of trades daily. Our analysis of this trading system is similar to that of NY Scalper as we take a look at using this strategy with profit targets and requiring limit orders to be filled. There are four different ways to trade this trading system.
This strategy enters on limit orders. We take a look at the results for each of the three settings shown above using the backtest criteria of Filling entire order when trade price exceeds limit. With this setting, we only test trades that would have been filled because the price traded through the limit order This does not include trades that may have been filled on limit orders where the entry price was the low of the move. These sort of trades would have been profitable trades since they were the low of the move. In real trading it is possible to get these fills, even if the price doesn’t trade through the limit order. This means that in real trading, actual results would have been better as these sort of trades don’t show up on a backtest since there is no way of backtesting against the order book and these sort of trades would be “freebies”. Testing this way is looking at worse case scenarios for fills.
The screen shots below do not include commissions and does not include slippage for those orders that are stopped out or exit at the end of the day. Calculating slippage on average for a round turn trade trade can be done by taking a six month sample of the trades that actually qualify for slippage and divide by the total number of trades during the six month period and then use that percentage multiplied by $12.5 (one tick in the E-mini S&P) to determine the slippage. If $12.50 per side is used, that would be adding slippage to trades where limit orders that are required to be filled. Slippage on the limit orders would not occur and the majority of trades will be limit orders.
$TICK Count Trend $500 Stop Loss, No Profit Target
$TICK Count Trend $300 Stop Loss, No Profit Target
$TICK Count Trend $500 Stop Loss, $200 Profit Target
$TICK Count Trend $300 Stop Loss, $200 Profit Target
$TICK Count Trend CounterTrend
Download the Tradestation Performance Summaries
Setting the TimeLimited Inut to False will open up the FX Chopper trading system to trade 24 hours per day. The AUDNZD pair has good historical results with this setting. See the video below for details.
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*Email Us Your TS Customer Number after you sign up
*Allow one business day to receive files
Purchase Now $1,295
*Price Increase to $1,995 on March 16th, this Friday
When trading FX Chopper, one of the errors we get when automating strategies between 5:00 pm and 5:03/5:05 pm EST is Orders Rejected. The bottom line is, Tradestation doesn’t accept FX orders the first few minutes of the new session. This can cause automation problems for Forex Trading Systems during this time.
In the video below we discuss the solution for Orders Rejected, the addition of a new pair AUD/NZD and how all of this affects the portfolio results.
Below the video is a download link for FX Chopper Workspace and Custom Session Template as well as the portfolio results in MS Excel. The workspace will not show any trades if you do not have the FX Chopper trading system. You can download the Custom Session Template and use it for your own forex trading systems even if you are not subscribed to FX Chopper.
Download Custom Session Template
Download MS Excel Spreadsheet with FX Chopper Portfolio Results
Lease Now $50/month
*Email Us Your TS Customer Number after you sign up
*Allow one business day to receive files
Purchase Now $1,295
*Price Increase to $1,995 on March 16th, this Friday