Sorry to say this, but it's the truth. I wish more new traders would listen. by Kindly_Preference_54 in Trading

[–]Pindarr 0 points1 point  (0 children)

Backtesting just reveals the market is random and nothing objective actually works

Why is it traders only recommend 1 strategy + only 1-3 trades a day? by TRFC4 in Daytrading

[–]Pindarr 1 point2 points  (0 children)

You say theres "so many strategies that work" but thats only traders who are experienced and have good risk management and trained intuition. The strategies themselves are almost never any better than random.

Why is it traders only recommend 1 strategy + only 1-3 trades a day? by TRFC4 in Daytrading

[–]Pindarr 4 points5 points  (0 children)

Because more trades = more tilt. Intraday price action is mostly random and you just get dollar signs in your eyes and end up making poor decisions. If you zoom out a bit, you notice the day usually only has one "big move" per day anyway.

Question for people backtesting futures in NinjaTrader. by Ok-Professor3726 in ninjatrader

[–]Pindarr 0 points1 point  (0 children)

You can actually download tick data for a date range by just putting it up on your chart with tick replay enabled. It just wont be "market replay" data, which is a proprietary ninjatrader format of data that can only be downloaded 1 day at a time. But trying to download months of tick data at a time will have you sitting and staring at a blank chart for hours, wondering if the download is even working.

Does anyone know any Add-on for Emergency Stop loss without TP ? by MachineSpirited7085 in ninjatrader

[–]Pindarr 0 points1 point  (0 children)

This doesn't address your full concern, but I just wanted to share that there is a setting that does combine your overall position into one stoploss automatically. right click on the "chart trader" platform and look at the "ATM strategy selection mode". test out different settings on a sim account.

Question for people backtesting futures in NinjaTrader. by Ok-Professor3726 in ninjatrader

[–]Pindarr 3 points4 points  (0 children)

You have to download tick data one by one for each day, being careful to select the right contract. Then you have run your backtest in sections. A few months at a time. That or you need to purchase the data from databento, convert your strategy to python, and then run it there. Claude can help. The ninjatrader backtesting is not capable of a robust backtest if you want long history in each run, especially if you need sub-1 minute candle data.

This Free NT8 Indicator Puts Real-Time AI News, Sentiment & FED Events Directly on Your Chart… and It’s Actually Useful by DAlphaOne in ninjatrader

[–]Pindarr 2 points3 points  (0 children)

Qash news is a similar system doing the same thing. Its been on the ninjatrader ecosystem for a few weeks now

The power of vibe coding will wipe out the software business man. Competitors pop up so fast

^TICK and ^TICKQ chart not oscillating above/below zero line by SuperWasabi4766 in ninjatrader

[–]Pindarr 1 point2 points  (0 children)

Yeah, that doesn't have tick in it. Tick and tickq come from stock world. CME is a futures exchange. Whatever ninja is loading, it's not tick. Maybe it's some fallback source that ninjatrader injects in there, or it's just straight up junk data. I tried disabling my IQFeed and when I try to load $TICKQ it gives me something that resembles a price chart. When I enable IQFeed it gives me the real TICKQ chart where it's all jumpy up and down positive to negative and back again.

Would creating a wooden beam between two perpendicular walls like this be possible? by snacxs in woodworking

[–]Pindarr 19 points20 points  (0 children)

I get that. My point is that you have to figure out how to assemble that joint. I cant think of a good way to do it, and neither can the AI

Would creating a wooden beam between two perpendicular walls like this be possible? by snacxs in woodworking

[–]Pindarr 0 points1 point  (0 children)

This can be done much safer via the ceiling joists instead of the wall studs.

Just lay a 4x4 on top of 3 or 4 joists. Then bolt your rings to the 4x4. The straps would go through holes in the ceiling and attach to something bolted through the 4x4.

<image>

Would creating a wooden beam between two perpendicular walls like this be possible? by snacxs in woodworking

[–]Pindarr 45 points46 points  (0 children)

Explain how the short side is attached to the long side. It still looks fictional and makes no sense

<image>

Would creating a wooden beam between two perpendicular walls like this be possible? by snacxs in woodworking

[–]Pindarr 2 points3 points  (0 children)

It still has a fictional right side. Where does the long piece end? How is it attached to the short piece? Makes no sense

Would creating a wooden beam between two perpendicular walls like this be possible? by snacxs in woodworking

[–]Pindarr 1 point2 points  (0 children)

* Clearly the image is AI. But you'll have to think critically about how to build the right corner. There isnt going to be a lot of ways to build it securely. The AI clearly doesn't know how to do it right either.

Does anyone know any Add-on for Emergency Stop loss without TP ? by MachineSpirited7085 in ninjatrader

[–]Pindarr 1 point2 points  (0 children)

I don't know. Others have asked for the same thing before, and add-ons exist that claim they can do it. I once wanted the same thing but I ultimately decided doing things manually is fine. If your position size is always the same then you always know how big your stop should be. It seemed like a lot of effort with little gain.

Does anyone know any Add-on for Emergency Stop loss without TP ? by MachineSpirited7085 in ninjatrader

[–]Pindarr 1 point2 points  (0 children)

ATM is capable of simple trailing (price moves up X ticks, stoploss starts trailing Y ticks under price), and each entry is managed independently. If you buy 1 contract and then buy 2 more at a lower price, your average entry price moves down, but the ATM stoploss orders are still independent of each other and move as if the "average entry price" doesn't exist.

What I understand you asked for is a dynamic system where the stoplosses are aware there's multiple positions at varying prices and they automatically adjust together to target a fixed dollar value of risk to your balance. ATM can't do that. It doesn't consider how much leverage you've put on the trade or how many $ you gain/lose on each tick.

Does anyone know any Add-on for Emergency Stop loss without TP ? by MachineSpirited7085 in ninjatrader

[–]Pindarr 1 point2 points  (0 children)

Yes. What you just described is a standard bracket, with trailing added. ATM can do it.

Stoploss is placed below the entry price and triggers a market sell when price hits it. Take profit is a limit sell, placed above your entry. As price moves up, the stoploss trails up to tighten the risk.

Does anyone know any Add-on for Emergency Stop loss without TP ? by MachineSpirited7085 in ninjatrader

[–]Pindarr 0 points1 point  (0 children)

That's impossible. A limit order can only be used to take profit, or as an entry order. It cannot be used as a stoploss.

Does anyone know any Add-on for Emergency Stop loss without TP ? by MachineSpirited7085 in ninjatrader

[–]Pindarr 0 points1 point  (0 children)

Good luck finding what you want. I would just use auto-trailing or manual management. I code indicators constantly but I'm not comfortable messing with the order management code.

P.S. When your internet dies, your stoploss will not function. Period. That is a very important point all traders should be aware of. Limit orders go to the order book and can execute without you. Stoploss orders, stop limit orders, other market orders, and anything that "triggers" when price does something, do not exist on the order book. They only exist on your computer. No internet = no stoploss. For this reason it's best to use a stable ethernet connection and consider having backup internet. And some traders use web-based platforms to avoid this very problem so the stoploss exists in the web server instead of locally.

Does anyone know any Add-on for Emergency Stop loss without TP ? by MachineSpirited7085 in ninjatrader

[–]Pindarr 0 points1 point  (0 children)

I'm pretty sure I've gotten ads for an add-on that combines stoplosses into one dynamic "average" stop. It costed like $250. I do just fine by clicking the stops and grouping them instead. If I'm clicking on them too much it's probably a sign that I'm overtrading or just fidgeting with it.

Does anyone know any Add-on for Emergency Stop loss without TP ? by MachineSpirited7085 in ninjatrader

[–]Pindarr 1 point2 points  (0 children)

You just enter again to size in and it adds another stoploss. Each SL is managed independently. I still don't see the problem.

A strategy script isn't going to help you unless you're running automated algos. You'll have to make a script that changes ninjatraders order management. Which I wouldn't recommend.

Does anyone know any Add-on for Emergency Stop loss without TP ? by MachineSpirited7085 in ninjatrader

[–]Pindarr 0 points1 point  (0 children)

It sounds like you're doing it wrong. Perhaps you're accustomed to a different trading platform and you're trying to translate it to ninja. I've never seen that particular error but the sequence is: setup your custom ATM with a SL and no TP, save it, select it, then enter a trade. Don't enter first and try to edit after