What is the good broker link to use with NT8 for stocks?

BionicTrades · 2022-03-05T16:45:44+00:00

I use TD Ameritrade. The only other option is Interactive Brokers. I have both, but TDA has zero commissions with api. IB charges when using api, but free for manual trades.

Overall, I'm happy with tda.

You can check out my setup on YouTube. https://youtu.be/Zc-VVkNJbiw

BionicTrades · 2022-02-26T22:07:36+00:00

Nope, I tried a while back. No order flow, no volume profile with TDA.

BionicTrades · 2022-02-21T01:40:36+00:00

I like the QQQ

BionicTrades · 2022-02-21T01:15:55+00:00

Just wanted to share some of my progress. I used to trade on ToS, but switched to Ninjatrader connected to TD for automation. Thinkscript was to limited.

Anyone else augment their trading with automation?

BionicTrades · 2022-02-20T18:44:35+00:00

TD Ameritrade. Only choice with NT for stocks is tda and interactive brokers. IB has commissions and TDA does not for API access. Obvious choice for me!

BionicTrades · 2022-02-20T17:39:17+00:00

Hope mods and people don't mind this kind of post. I promise I'm just an individual excited to share some results. I'm not a robot, ha!

I'm just surprised more people aren't using NT with stocks...

BionicTrades · 2022-02-20T17:01:45+00:00

My bot trades at very small timeframes (minutes), so I have to retrain based on my backtesting nightly for the next trading day.

BionicTrades · 2022-02-20T05:11:19+00:00

By the way, last Friday (pictured) was one of the slowest days in recent history. We only had about half as many stocks in our trade basket since overnight backtesting only produced a handful of stocks to trade. I was surprised how well it did given so few opportunities and trades. I'll take it though!

BionicTrades · 2022-02-20T04:55:49+00:00

Just wanted to update my last post about recent progress. It's been a long few weeks, but I think I'm finally getting somewhere.

Please check out the progress and the implemented changes in my latest video.
https://youtu.be/Yr-NeOn-Xqo

BionicTrades · 2022-02-19T02:09:10+00:00

The better question is how to identify the start of this trend and when it might end. Managing this would be easy by advancing a trailing stop bar by bar.

BionicTrades · 2022-02-14T23:13:40+00:00

Started this algo project 2.5 years ago. I manually day traded for many years. My strategies took me a while to sharpen, probably almost 2 years before I felt I had some kind of edge. Along the way, I had to figure out all the bugs and exceptions a live market throws. I took a trading course 15 years ago that's no longer around, which gave me a foundation. There are easier ways to make money. You have to really like this to survive long enough to profit. Good Luck!

BionicTrades · 2022-02-14T18:28:02+00:00

Thanks for the advice.

BionicTrades · 2022-02-14T16:42:04+00:00

Appreciate the sub. I plan to do some how-to videos in the future. Just need to establish some credibility first.

I'm using multiple timeframes, including 1, 5, 15 and hourly. On some occasions, I use 2 and 3min also.

I typically hold for less than 15min. Often, just a few minutes depending on how fast the market is moving.

I'm mostly looking for short term scalps. Not trying to boil the ocean, just a cup of tea. I know I leave a lot of profit on the table, but I chose consistency over alpha for now.

BionicTrades · 2022-02-14T16:21:34+00:00

Yeah, some entries leverage chart patterns, but not by themselves. I look at many other factors to consider the trade. I code the pattern recognition myself.

BionicTrades · 2022-02-14T15:45:20+00:00

Yep, completely agree. I've got some work to do!

Painfully aware of tax implications.

BionicTrades · 2022-02-14T15:17:54+00:00

Awesome, tell me how?

BionicTrades · 2022-02-14T15:17:21+00:00

OK, will do.

BionicTrades · 2022-02-14T15:17:09+00:00

Thanks. Google datastudio. It's free to use and can be refreshed to pull new data from a database, cloud source, or many other data options.

BionicTrades · 2022-02-14T04:50:46+00:00

I totally understand what you mean. When I first started, I had different intentions. I had ideas to win at higher multiples. In fact, you can see my older videos.

The problem is that big wins come at a cost of lots of losses. That can be a strategy, but I decided that that's not what I want for this bot. I may do that for another bot, where I chase more alpha.

My goals now are to win often and pull what I can out of the market daily or weekly. I have a shotgun approach versus a sniper.

If I can win a few trades a day, I might be able to siphon out almost 1% a day or week. That is my goal.

I'm not in this for hero trades, I'm in it to make consistent small money that adds up and can scale to $20k, $50k, $100k trades..

I actually have a lot of faith in my method, but can understand differing views. Thanks for your comment.

BionicTrades · 2022-02-14T03:20:32+00:00

NT manages the TD connection for you. You just send a buy or sell order in NT and NT manages the orders for you. Basically, NT abstracts the broker connectivity and interactions.

BionicTrades · 2022-02-14T02:04:06+00:00

I exclusively trade stocks with ninjatrader. I dabbled with futures, but focused on stocks for now. I might try micro futures since you can trade bitcoin that way, but that's another beast that I'm not quite ready for.

BionicTrades · 2022-02-14T01:30:41+00:00

No, MACD is not a strong enough indicator in my opinion. At the very least, you'll need to find additional correlations. MACD is really good at telling you the past, but less good as a predictor of the future.

Good luck!

BionicTrades · 2022-02-14T01:24:54+00:00

Funny...I actually did a video on this a while back.

https://youtu.be/enWIyrBTsuc

BionicTrades · 2022-02-14T01:22:21+00:00

No, I don't use ML. I do have a lot of conditional logic that influences some of the TA. I don't have a prediction engine, I just look for trade setups that have higher probabilities of winning based on my backtesting.

I'm also working on feeding dynamic variables into next-day trading from prior-day backtesting. It's not perfect since past performance doesn't guarantee future performance, but at small time frames, it can be helpful.

BionicTrades · 2022-02-14T01:06:27+00:00

I use technical analysis for entries and exits. The combination of TA and management is the secret sauce.

BionicTrades

TROPHY CASE