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Version 7 Release for NinjaTrader Money Management Algorithms

Posted by David Bean on

Today, we release Revision 7 of the Money Management Algorithms for NinjaTrader 7. We plan on having the NinjaTrader 8 version soon. This is a special release since we are in the process of adding a members area for the Money Management Algorithms for all platforms, Tradestation, NinjaTrader, and MultiCharts. If you have purchased the Money Management Algorithms in the past, you can contact us to get your login.

With this release we will be adding new and updated open code examples that you can trade out of the box. 

We go over this in the video below for the DAX as well as a peak at the Membership Site. You get access to the Membership Site so that you can get all updates and open code downloads. The DAX is a market to consider when the VIX is low as it can add some daily dollar range beyond the E-mini S&P. Some release notes are below the video.

NinjaTrader 7 Money Management Algorithms Rev 7.0 Release Notes

Revision 7.0 of the Money Management Algorithms has added 3 additional inputs so that only two algorithms accomplish the same thing as four algorithms did in Revision 5.0. (Revision 6.0 was never released). The same algorithm can be used for Overnight and DayTrade strategies so this reduced the number of algorithms by a factor of 2.

These additional inputs include:

UseMaxDailyEntries
UseEntryTime
UseExitTime

The algorithms include:

MMEquityCurveAlgorithmRev7 (In Rev 5 we had MMEquityCurveAlgorithmRev5 and MMEquityCurveAlgorithmRev5ON)

MMEquityCurveAlgorithmRev7OPT (In Rev 5 we had MMEquityCurveAlgorithmRev5OPT and MMEquityCurveAlgorithmRev5ONOPT)

The algorithm with ON (which means Overnight), was removed in Revision 7 since it can take trades overnight by setting the new input, UseExitTime=False, so that it won’t automatically require an exit at the end of the day as it did in Revision 5.

Also, we have setup the inputs section so it is more clear to see. (Here is an example).

Additionally, CobraCTIII and CobraCTIV for the DAX have been added as open code examples. There are 5 other examples, we will be adding shortly as well as the NinjaTrader 8 version of the Money Management Algorithms with an updated User Guide. This updates will include all supported platforms: Tradestation, NinjaTrader 7, NinjaTrader 8, and MultiCharts.

Here is an example of the equity curve improvements in for DAX Cobra CT IV. The first performance report is for the base strategy. The second performance report is for the Money Management Algorithm.

DAX Cobra CT IV Money Management Algorithm for NinjaTrader 7


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